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With Credit card you have to pay the credit company back later, cash is paid and over with if used.

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Wiki User

16y ago

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Can I receive a credit card transaction receipt for this purchase?

Yes, you can receive a credit card transaction receipt for this purchase.


Is credit card a cash transaction?

Purchase with a credit card is not considered a cash transaction, as the person making the purchase does not pay for the item until they pay their credit card bill, which may not occur until much later.


Explain the difference between a cash and credit transaction for purchass and sales?

explain the difference between cash and credit transaction


Is the suppliers invoice the source document for a purchase on credit transaction?

yes


What is the charge on my credit card?

The charge on your credit card is the amount of money that has been deducted from your available credit limit for a purchase or transaction.


What are the credit card transaction instructions?

Credit card transaction instructions are the instructions to be followed in processing your purchase. The process starts by handling your credit card to the store cashier. After swiping your credit card, the processing will follow. Once the cashier receives the authorization code then she can process your purchase and a receipt will be given to you.


What is the essential difference in accepting credit cards in transacting business compared with accepting debit card?

When you purchase with credit cards, the transaction is on credit while when you purchase with debit card, the transaction is considered cash sale because the amount is directly deducted from your bank account.


How long does it take for a credit card transaction to appear on my account?

as soon as you make a purchase


What is the meaning of cpt on my bank statement?

The abbreviation "CPT" on your bank statement typically stands for "Credit Purchase Transaction." It indicates a transaction where funds were deducted from your account for a purchase made using your debit or credit card. If you're unsure about a specific transaction, it's advisable to contact your bank for clarification.


How long does it take for a purchase to appear on my credit card?

A purchase typically appears on your credit card statement within 1-3 business days after the transaction is made.


What does visa cbpurchase mean?

The term "visa cbpurchase" typically refers to a charge or transaction made using a Visa card for a purchase. "CB" often stands for "cardholder" or "credit card." This designation can appear on bank statements or transaction records, indicating that a purchase was made with a Visa credit or debit card. If you see this on your statement, it usually signifies a recent purchase transaction.


Can you explain how a credit card transaction works?

A credit card transaction works by the cardholder using their credit card to make a purchase. The merchant then sends the transaction information to the card issuer for approval. If approved, the card issuer pays the merchant, and the cardholder is responsible for paying back the amount to the card issuer.