answersLogoWhite

0


Best Answer

A credit card is a payment card. It allows the cardholder to pay for goods and services based on the holders promise to pay for them. The cardholder submits their card for payment, the card is accepted digitally for payment and the transaction is completed. The customer leaves with goods or services and then the credit card issuer will process the payment and forward a statement usually once a month to the cardholder.

User Avatar

Wiki User

βˆ™ 11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How does processing of credit cards work?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Are processing rates lower for debit cards vs credit cards?

credit cards


What is the best company with which to work for the processing of credit cards?

There are many good choices when selecting a credit card processing service. Your decision should be based on the personal needs of your company. You need to consider the costs and customer approval ratings.


What credit card processing companies are out there?

Credit card processing companies include iPayment, Square, and Intuit Payment Solutions. They are companies that will allow you to take credit cards for your business.


Where can one find software for processing credit cards online?

There are many different online websites that have software for processing credit cards online. A few of these websites include Chase Payment Tech, MerchantWarehouse, PaySimple, and TransFirst.


Where can one find out exactly how credit cards work?

One can find our more information about how credit cards work by visiting your local bank or credit card issuer and asking for information pamphlets about credit and credit cards.


What are some of the features of Nova credit card processing?

The features of Nova credit processing are point of sale transactions involving credit and debit cards. These terminals allow a business to process credit and debit sales.


Where can you process credit cards for your business for free?

Generally you can't get free credit card processing. There will always be a discount. Costco Business offers excellent credit card processing terms to their small business customers.


What services does Accept Card UK offer?

Accept Cards UK is a credit card and debit card processing service that operates throughout the United Kingdom. They offer the lowest processing fees for companies wishing to accept credit and debit cards for purchases.


Do credit cards work if they get wet?

Yes


How does PayPal credit card processing work?

It works very slowly. And it takes an unfair percentage. There are much better cards and options out there. Try to look and compare. There is a right card for you.


What type of business is Merchant credit card services?

Merchant credit card services involves the processing of consumer credit cards in order to make purchases. Merchant credit card services provide the equipment and support for processing of transactions between the consumer and the merchant.


Where can I get instant credit cards for bad credit?

It may be possible to get a credit card with bad credit, but the terms will be unfavorable. You should work at rehabilitating your credit rating before applying for credit cards.