> ## Documentation Index
> Fetch the complete documentation index at: https://razorpay-881012b3.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Glossary

> List of commonly used terms related to Razorpay International Payments.

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  <span style={{fontWeight:600}}>Available in</span>
  <span>🇮🇳 India</span>
  <span>🇸🇬 Singapore</span>
  <span>🇺🇸 United States</span>
</div>

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 Settlements occur in INR based on the conversion rate at the time of payment.                        |
| Purpose Codes                              | Specific codes issued by the Reserve Bank of India (RBI) to denote the nature of foreign currency transactions. Each payment must be tagged with a purpose code to ensure compliance with regulations. |
| SWIFT Transfer                             | An international payment method that uses the SWIFT network to transfer funds between banks globally.                                                                                                  |
| FIRS (Foreign Inward Remittance Statement) | A document that provides proof of funds received from a foreign country, essential for compliance, claiming GST refunds, and other regulatory purposes.                                                |
| 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.          |
| Address Verification System (AVS)          | A security feature that verifies the customer's billing address against the address on file with the card issuer to prevent fraud.                                                                     |
| 3D Secure (3DS)                            | An additional layer of security for online card transactions where the cardholder must authenticate the transaction using a password or a one-time code​.                                              |