The service that automates the payment transaction between the shopper and merchant. It is usually a third-party service that is actually a system of computer processes that process, verify, and accept or decline credit card transactions on behalf of the merchant through secure Internet connections. The payment gateway is the infrastructure that allows a merchant to accept credit card and other forms of electronic payment. When referring to payment gateways used for Internet transactions, it may also be called an IP payment gateway.
See gateway for further understanding of how a gateway works.
- payment threshold
In affiliate marketing programs, the payment threshold refers to the minimum accumulated commission an affiliate must earn to initiate a payment from the affiliate program. See “How Affiliate Marketing Works” in the “Did You Know…” section of
- pedestal server
A type of computer rack. It is box-like frame or a columnar support for a server and may include wheels for easy transportation.
- Peek and Poke
In BASIC programming peek and poke are the functions used to view and alter a byte of memory. Peek displays the contents while poke changes it.
Abbreviation for “people”. Peeps is commonly used in newsgroups/a>, chat rooms, instant messaging, text messaging, SMS, e-mail and other real time text-based communications.
- Peer-To-Peer Architecture
Often referred to simply as peer-to-peer, or abbreviated P2P, a type of network in which each workstation has equivalent capabilities and responsibilities. This differs from client/server architectures, in which some computers are dedicated to serving the others. Peer-to-peer networks are generally simpler, but they usually do not offer the same performance under heavy loads.