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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.
Can you explain how credit card transactions work?
Credit card transactions work by the cardholder making a purchase using their credit card. The merchant then sends the transaction information to the card issuer for approval. If approved, the issuer pays the merchant and the cardholder is responsible for repaying the amount to the issuer, usually with interest if not paid in full by the due date.
When making a purchase a cardholder was recently informed by the merchant that the purchase card account has been suspended who should the cardholder contact to address this matter?
Contact your A/OPC immediately
Can you see what was purchased on a credit card?
Yes, credit card statements typically show the items purchased, merchant names, and transaction amounts.
What are the consequences of unauthorized tip charges on a credit card statement?
Unauthorized tip charges on a credit card statement can lead to financial loss for the cardholder, potential disputes with the merchant, and damage to the cardholder's credit score if not resolved promptly. It is important to monitor credit card statements regularly to catch any unauthorized charges and report them to the credit card company immediately.
If items purchased with a GPC are found to be defective the cardholder must obtain replacement or correction of the items as soon as possible If the merchant refuses to replace or correct the defect?
Complete a U.S. Bank Cardholder Statement of Questioned Item Form or a Citibank Government Cardholder Dispute.
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.
Can you explain how credit card transactions work?
Credit card transactions work by the cardholder making a purchase using their credit card. The merchant then sends the transaction information to the card issuer for approval. If approved, the issuer pays the merchant and the cardholder is responsible for repaying the amount to the issuer, usually with interest if not paid in full by the due date.
When making a purchase a cardholder was recently informed by the merchant that the purchase card account has been suspendedwho should the cardholder contact to address this matter?
The cardholder should contact the card company.
A cardholder obtains goods and services for personal use. The delivery address is the employee and home and a third party cannot confirm receipt of materials. The cardholder also advises merchant?
Cardholder fraud
A cardholder obtains goods and services for personal use The delivery address is the employees home and a third party cannot confirm receipt of materials The cardholder also advises merchant to split?
Cardholder fraud
A cardholder obtains goods and services for personal use. The delivery address is the employees home and a third party cannot confirm receipt of materials. The cardholder also advises merchant to sp?
A cardholder obtains goods and services for personal use. The delivery address is the employee's home, and a third party cannot confirm receipt of materials. The cardholder also advises merchant to split transactions to ensure they do not exceed the cardholder's single purchase limit.
When the merchant swipes your card on the card reader who validates the card?
The card info. usually goes to a payment gateway processor. The processor checks to see if the card is valid, if it is approved the funds for payment are held in the cardholder's account. At the end of the day (week) the merchant performs the transaction via the processor again, and the payment is transferred from the account holder to the merchant.
When making a purchase a cardholder was recently informed by the merchant that the purchase card account has been suspended who should the cardholder contact to address this matter?
Contact your A/OPC immediately
Why would your program use a diversion account?
To make sure that specified merchant transactions (e.g.,airlines) do not go to individual cardholder accounts
Where can one find a Visa Merchant account?
You contact a merchant company like Paypal or Merchant focus, and apply for your merchant account. Once approved you can start using it. There is more then the two companies mentioned above that provide merchant accounts.
How do credit card transactions actually process?
To process a credit card transaction the merchant sends the authorization request to First Data Merchant Services. FDMS then sends the card and purchaser information to the issuing bank, if everything checks out and the cardholder has the balance on the card then the approval is sent back to the merchant.
