paymenttoken
nounUK /ˈpeɪmənt ˈtəʊkən/
US /ˈpeɪmənt ˈtoʊkən/
A payment token is a special stand-in code that keeps your real card number safe when you buy something.
The app used a payment token so the store never saw my actual card number.
OTHER MEANINGS
2. A physical object, like a coin or chip, used instead of money to pay for something.
At the arcade, you trade real money for payment tokens to play the games.
3. A digital asset or voucher that represents value and can be exchanged for goods or services.
The customer received a payment token by email that could be redeemed for one free coffee.
4. In computing, a piece of data that stands in for sensitive payment information during a transaction.
The payment gateway replaced the card details with a payment token before sending the order to the shop.