P2P Processing Glossary

The words below come up on every offer page and inside every platform dashboard. Short definitions, in the sense they are used here.

Rates and money#

Payin — incoming payments. A customer pays rupees into the trader's account, and the trader earns the payin percentage on that turnover.

Payouts — outgoing payments. The trader sends rupees from their account to a customer and earns the payouts percentage on that turnover.

Total rate — payin and payouts added together, for example 3.5% + 1.5% = 5%. It is reached when a trader works in both directions.

Turnover — the total volume of payments a trader has processed over a period.

Referral percentage — an extra percentage an agent or team lead receives on top of their margin for the traders they bring.

Settlement — converting the rupee balance left in the trader's account after PayIn into USDT and sending it back to the platform. It frees up the banking limit for new traffic. More in PayIn, PayOut and Settlement.

MDR — merchant discount rate, the fee a merchant pays on card or UPI merchant payments. From 15 October 2026 it applies to some UPI merchant payments above ₹2,000 — see UPI MDR.

Deposit and balances#

Security balance — the part of the entry deposit the platform reserves as a guarantee. It is not spent on orders and, on the platforms listed on this site, can be returned on request. More in security deposit.

Working (traffic) balance — the part of the deposit that actually moves while orders are processed.

Test period — a trial run on a smaller deposit before committing the full amount, where a platform offers one.

USDT TRC20 — USDT on the Tron network. Platform panels are usually topped up this way.

Work on the platform#

Panel / dashboard — the platform's interface where orders arrive and where the trader confirms payments.

UPI ID — the address used to receive payments through India's UPI system, for example name@bank.

Traffic — the flow of payment orders coming through the platform. MIX traffic means orders from several kinds of sources rather than one.

FTD — first time deposit: a player's first successfully completed deposit on the platform.

STD — second time deposit: repeat traffic from a player who has already deposited. FTD and STD can carry different payin rates.

Automation — software on the trader's device that handles orders instead of manual work. Some platforms only work this way.

Conversion — the share of attempted transactions that complete successfully (completed ÷ attempted × 100%). The higher your conversion, the higher a merchant places you in the traffic chain.

Appeal — a dispute raised when an order does not match: the payment did not arrive, the amount differs or the details are wrong. The platform's support reviews it.

Chargeback — a reversal of a payment after it has already gone through, when a player who deposited and lost disputes the transaction with their bank to pull the money back. It is largely random and usually depends on the merchant's players, not on the trader. Who covers it depends on the platform's rules.

Cyber complaint — a complaint to the police cybercrime unit about a transaction, often filed by a player who deposited, lost and then went to complain. It can lead to the receiving account being frozen while the complaint is reviewed. Like a chargeback, it is largely random and depends on the merchant's players, not on the trader.

UTR — unique transaction reference, the number that identifies a bank or UPI transfer. It is the main proof in an appeal, especially now that UPI apps mask phone numbers.

Reconciliation — checking that the platform dashboard, the transaction statuses and your own bank records all match. Every completed transaction should be traceable in your bank statement.

Payments and bank rules#

P2P and P2M payments — a P2P payment goes from one person to another; a P2M payment goes from a person to a merchant, usually through a merchant QR. The difference matters for fees such as MDR.

Merchant QR (MQR) — a business QR linked to a current account or another approved business account. It is used for commercial payment processing and higher transaction capacity.

Debit hold — a restriction under which money can still come into an account but cannot leave it. See can your bank account be frozen.

Money mule account — an account used to pass on money from fraud. Banks watch for patterns that look like it, which is why limits and balances on working accounts matter.