How Credit Card Transactions Work
There are a lot of processes involved in a credit card transaction and they start from when you swipe your card to when you sign.
It is these processes that happen which you don’t see that make it possible for you to make purchases with your credit card.
Every transaction has certain entities involved, those being:
The customer with a credit card
The merchant that sells the goods or services
The merchants bank
The credit card payment n – Read more