If that is the agreement.
I am an Indian Merchant,having credit card details from Customers.How do I charge them?
No, a merchant cannot charge a cancelled credit card for a transaction. Once a credit card is cancelled, it cannot be used for any further transactions.
No, if you close your credit card, a merchant will not be able to charge the account. When the merchant attempts to get an authorization, it will come back declined.Now, if a merchant received an authorization before the card account was closed, the authorization will be honored.A merchant may attempt to force a credit card transaction without an authorization, but the credit card company will not pay it.http://paymenttransactionsystems.comhttp://merchantpos.net
The time frame in which a merchant is allowed to charge a credit card after a transaction has been made is typically within a few days to a week, but it can vary depending on the merchant's policies and the terms of the credit card agreement.
Credit card companies charge the merchant a percentage of each sale. The amount varies, depending on the sales volume, which can be used to negotiate with the credit card provider.
All credit card companies charge a merchant fee, whether the card is used in e-commerce or POS. The rate of the fee is often negotiable with the lender, depending on the sale volume of the merchant.
To run a credit card for a purchase, you typically need to provide the card information to the merchant or use a card reader. The merchant will then process the transaction through a payment processor to charge the card for the purchase amount.
Highly Illegal
Google Checkout and PayPal offer merchant credit card processing. Both services charge a fee for using the service.
If a merchant forgets to charge a customer's credit card for a purchase, they should contact the customer to inform them of the oversight and request permission to charge the card. It is important to rectify the situation promptly and transparently to maintain trust and integrity in the business transaction.
There could be several reasons why the charge is not showing on your credit card. It's possible that the transaction hasn't been processed yet, there may be a delay in the system updating, or there could be an issue with the merchant's payment processing. It's best to contact your credit card company or the merchant to investigate further.
To find out where a charge came from, check your bank or credit card statement for details such as the merchant name, date, and amount. You can also contact your bank or credit card company for more information about the charge.