as soon as you make your purchase, it goes through immediately.
as soon as you make a purchase
Probably same day, done electronically. Depends on merchants method of transaction.
In short, the answer is NO. A customer cannot stop payment on a credit card once you have authorised it, i.e. put in the pin number on the card machine or clicked the 'payment' button on an internet shopping site, in the way you can stop payment from say a cheque. However, you can rise a 'dispute' over your purchase/order after the payment has gone through under certain conditions, like if the company was dubious or you did not receive goods, and get your money back that way. Your credit card company will send you some dispute forms to fill in, those will then be passed for to their legal team, who did then investigate into it and try and get the money back. The process may be long and tortured.
Although the funds you receive from credit card payments are not immediate, take into consideration that you will get paid by the credit card companies much faster than you may get paid by the customer. It can take weeks, or sometimes months after you issue an invoice for a customer to issue you a check. Once you receive the check, you still have to deposit it and wait for it to clear before your funds are available to you. In most cases, once a credit card transaction has been processed, your funds are available in your account within two to three business days. Some banks may hold your money before they release it to you, so be sure to check when setting up your merchant account how long it takes your bank to issue funds. Some banks, such as Wells Fargo, are well-known for making funds available to business owners the day after credit is approved. Another option to consider is accepting debit cards. When paying with a debit card, funds are immediately debited from the customer account and credited to your account. You benefit from this because you do not have to wait for a credit card company to issue your funds. You have a guaranteed transaction, immediate access to your money, and fewer transaction fees.
3 days
as soon as you make a purchase
It is very common for a credit/refund to take up to 6 or 8 weeks to be processed. It always takes longer to get a refund than it does for them to take the money. Where i used to prefer virtual credit cards for online transaction.
You can purchase anything would like using your gas credit card as long as it is from the station the card is issued for. You may earn "points" towards free product or receive gas at a discount if you use your gas credit card to pay for your transaction.
The credit card approval process can range from instant credit approval (such as a mere sixty seconds) to over a few days while the bank does a detailed credit check on you to ensure you are low risk.
Probably same day, done electronically. Depends on merchants method of transaction.
A merchant terminal, or credit card terminal, is used to allow the use of credit cards when purchasing goods or services. The credit card terminal is the latest in a long line of improvement to the cashing out process.
At the time your charge is processed the merchant puts a temporary authorization on your card essentially reserving the funds for the transaction. The back end processing of the transaction will take up to 4 or 5 days to complete. But, at the time of the transation the money is reserved for it.
Yes - because a debit card can only be used IFthere are funds in the bank account to cover the transaction. I use debit cards myself - instead of carrying large sums of money. So long as I have funds in my account to cover purchases on the card, the transaction is accepted.
Credit card issuers promise a fast approval process. As for how long does it take them to approve your credit card, this varies by issuer. But the typical time required is around five to seven business days. Issuers will be able to provide more information through their customer service departments
as long as it remains a part of your credit report, 7 years.
9-14 years
Embossed on the face of a credit card and is normally sixteen digits long in length.