Glossary - Razorpay

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The following table lists all the commonly used terms in international payments and their descriptions.

Terms	Description
International Payments	International payments are transactions where the payer and the payee are in different countries, involving cross-border funds transfer and currency conversion processes.
Currency Conversion	The process of converting one currency into another during an international transaction. Razorpay Curlec Settlements occur in SGDMYRUSD based on the conversion rate at the time of payment.
Non-3DS Transactions	Payments processed without the 3D Secure protocol, often used for international card transactions. These transactions carry higher risk due to the lack of an additional authentication step.