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Glossary

Plain-language definitions for the terms you may see during a payment.

These terms describe the parts of a Reway payment. You do not need to know all of them before paying, but they can help when you review a quote or transaction.

Payment terms

TermMeaning
Payment intentThe outcome requested: who should receive a payment, how much, and in which supported asset and network.
Payer or senderThe person or account funding the payment.
Recipient or receiverThe person or account receiving the payment.
Receiving preferenceThe asset and network selected for the payment's output.
Payment linkA shareable payment flow containing the recipient's payment details.
SettlementCompletion of the payment at its destination.
Non-custodialA design where users authorize fund movements through their wallets or supported accounts, rather than relying on a long-term company-controlled customer balance.

Assets and networks

TermMeaning
Asset or tokenThe crypto asset being spent or received, such as a native coin or stablecoin.
Network or chainThe blockchain where an asset or transaction exists.
Native assetA network's own asset, often used to pay its transaction fees.
StablecoinA token designed to track a reference value, commonly a currency such as the US dollar.
ERC-20A common token standard on Ethereum and compatible EVM networks.
SPL tokenA token in the Solana ecosystem.
GasThe network fee required to process an on-chain transaction.

Quotes and routes

TermMeaning
QuoteThe proposed payment amounts, expected output, costs, and route details at a point in time.
RouteThe sequence of execution steps that connects the sender's asset to the recipient's output.
SwapA conversion from one token into another.
BridgeInfrastructure used to move value between blockchain networks.
LiquidityThe available assets and trading capacity needed to complete a conversion or route.
Price impactThe effect a conversion can have on its execution price, particularly relative to available liquidity.
RelayThe underlying routing and cross-chain execution provider used by Reway's current architecture.

Authorization and tracking

TermMeaning
Wallet approvalAn authorization that can grant permission for an application or contract to use a token. Review the permission before confirming.
Transaction hashA public reference identifying a transaction on a particular network.
Block explorerA tool for viewing transactions and other public blockchain records.
PendingA payment or transaction that has not reached its final recorded outcome.
WebhookA message from one service to another about an event. Reway webhooks are part of the planned API direction.

For a practical walkthrough, return to your first payment.

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