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Terms starting with S

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Explain it like a bankFlips every card at once

Statement descriptor

The name a payment appears under on your statement, often the parent company rather than the shop you remember. It is the single biggest cause of people reporting fraud on their own purchases.

Chargeback Settlement Decline

Statement descriptor

What you already know this as

The same field causing the same confusion for as long as statements have existed.

Swap

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Trading one token directly for another inside a wallet or app, without an order book or a counterparty you need to trust.

DEX Slippage Spread Convert

Swap

What you already know this as

Converting between currency balances inside a multi-currency account.

The messaging network banks use to instruct each other to move money across borders. It carries the message, not the money, which is why an international transfer can take days and pass through several banks on the way.

Correspondent banking Wire transfer On-chain transfer

SWIFT

What you already know this as

This one is already the banking answer. The crypto comparison is an on-chain transfer, where the message and the money are the same event.

Showing 25 to 27 of 27 terms