Glossary


The following table lists all the commonly used terms and their definitions used in Payment Button:

Terms

Description

Fixed Amount

A price field where you decide the amount a customer should pay.

Item with Quantity

A price field with a quantity selection widget which facilitates the purchase of multiple quantities.

80G

The Section 80G of the IT Act allows donations made to specified relief funds and charitable institutions as a deduction from gross total income before arriving at taxable income.

Stock

The goods or merchandise stored with the business in a warehouse or a storage facility.

Expiry Date

The Expiry Date is the date after which the customer cannot pay using the Payment Button.

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