Glossary

Transaction Receipt

Is an electronic or paper record of the executed Transaction. It can be generated at POS or sent to the address designated by the Customer.

How does Transaction Receipt work?

Whenever a Customer completes a Transaction to purchase goods or services, he/she will receive a paper or electronic note which includes the Merchant’s name and address, Transaction number, the date of execution, identification of item which was sold, and amount charged for such goods or services. Often Transaction Receipts include taxes which were paid under the Transaction.

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