Payment Terminal
/ˈpeɪmənt ˈtɜːrmɪnəl/
Definitions
- (n.) An electronic device used to process card payments at a point of sale, facilitating authorization and transaction completion.
The merchant swiped the customer’s card using the payment terminal to complete the sale.
Forms
- payment terminal
- payment terminals
Related terms
See also
Commentary
In legal agreements, specifying the capabilities and compliance of a payment terminal (e.g., PCI compliance) is essential for risk and liability management.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.