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15y ago

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If you close a credit card can a merchant still charge the account?

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


How is a charge card different from a credit card?

A charge card you have to pay the full balance at the end of the month. You can buy as much as you want, but you must pay at the end of the month. A credit card will give you a limit of $xxxx and you can pay that off over years and build the interest until you can never pay it off. So essentially you can buy a yaht with a charge card but not a credit card. The downside to the charge card is the fact that if you cant pay up in full every month, they will gut you worse than a credit card would. Also, charge cards carry an annual fee for their generous rewards points and the risk they incur by backing you.


Is it possible to get a discount for credit card processing?

Yes it possible to get a discount for credit card processing at many places. Many companies are giving discount for credit card processing online, but many companies charge more for credit card processing.


When must a bank charge off a credit card?

When you have filed Bankruptcy.


What is a cw2 code on a credit card?

The cw2 on a credit card is the CONTROL NUMBER. It is a 3 digit number usually in the back of the card.

Related Questions

Is the physical card required for a thief to charge to my credit card account?

No the physical card is not required to charge to your credit card account. All they need is the credit card number and back code. So yes they can charge things to your card.


How can I get money back from my credit card?

To get money back from your credit card, you can request a refund from the merchant for a purchase you made, dispute a charge with your credit card company, or redeem any rewards or cash back you have earned on your card.


How can you get money back from a credit card?

You can get money back from a credit card by requesting a refund for a purchase, disputing a charge, or redeeming rewards points for cash.


I-tunes charge to credit card?

You can have itunes charge to your credit card or buy a prepaid card either a itunes card or a prepaid credit card ...


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 costs and pitfalls of using a charge card a debit card and a credit card?

credit card: no worries if card is lost all you have to do is annul it. Debit card: you have to be in charge charge card: don't really exist


How can I stop a charge on my credit card?

To stop a charge on your credit card, you should contact your credit card company immediately and report the unauthorized charge. They will guide you through the process of disputing the charge and potentially issuing a refund.


Can you get money back from a credit card?

Yes, you can get money back from a credit card through a process called a refund or a chargeback. This typically occurs when you return a purchase, dispute a charge, or experience fraud.


What is an American express card a charge card or credit card?

Credit Cards are a type of charge card. American Express is a charge card brand that offers both credit and debit cards. It depends on the account type of the person using it.


What is the difference between a credit card hold and a charge?

A credit card hold is a temporary authorization of funds on a credit card, while a charge is the actual transaction where the funds are deducted from the card.


What is the difference between a charge card a debit card and a credit card?

Credit card-You can use a credit card to buy things and pay for them over time. But remember, buying with credit is a loan-you have to pay the money back. What's more, if the credit card company sends you a check, it's not a gift. It's a loan you have to pay back. In addition to the cost of what you bought, you will owe a percentage of what you spent (interest) and sometimes an annual fee. Charge card-If you use a charge card, you must pay your balance in full when you get your regular statement. Debit card-This card allows you to access the money in your checking or savings account electronically to make purchases


How long do you have to dispute a credit card charge for an airline ticket?

This depends on the credit card. Check the cardholder agreement that was sent to you with the card or call their customer service number, usually located on the back of your card.