> For the complete documentation index, see [llms.txt](https://yokifinance.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://yokifinance.gitbook.io/docs/subscription-payments/for-merchant/glossary.md).

# Glossary

| Term             | Meaning                                                                                                                                                   |
| ---------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Merchant         | The entity or person who sells products or services and accepts crypto payments from customers.                                                           |
| Customer         | The individual or organization that subscribes to services by paying with crypto.                                                                         |
| Subscriber       | A customer that has already subscribed to a Merchant payment plan.                                                                                        |
| Product          | Goods or services offered by the merchant for sale to customers.                                                                                          |
| Payment plan     | The different pricing tiers or levels offered by merchants for their products or services with different frequencies (eg. Monthly, Yearly)                |
| Pricing contract | <p>An unchangeable smart contract accepting a specific token, with a fixed price and frequency. It could only be cancelled by the merchant</p><p><br></p> |
| Subscription     | A recurring payment arrangement where customers pay a fixed amount at regular intervals for continued access to a service or product                      |