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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.

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AnswerBot

5mo ago

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Can you run a debit card as credit for this transaction?

Yes, you can run a debit card as credit for this transaction.


How long do you have to dispute a credit card transaction?

You typically have 60 days to dispute a credit card transaction, but it can vary depending on the credit card issuer and the specific circumstances of the transaction.


How can I track a credit card transaction?

You can track a credit card transaction by checking your online account, contacting your credit card company, or reviewing your monthly statement.


How can I request a refund to replace my credit card?

To request a refund and replace your credit card, contact your credit card issuer's customer service department. Explain the situation and request a refund for the transaction in question. Additionally, ask for a replacement credit card to be issued to you.


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

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


How can I stop a credit card transaction?

To stop a credit card transaction, you can contact your credit card company immediately and request to cancel the transaction. Provide them with the necessary details and reasons for stopping the transaction. They may be able to assist you in halting the payment process.


What is a debit card and how does it work?

Debit card works like a credit card, the only difference is that when you make a purchase, the transaction is charged to your deposit with the bank who issued your debit card.


How long does it take for a transaction to post on a credit card?

A transaction typically takes 1-3 business days to post on a credit card.


What is the merchant name that appears on credit card statements for this transaction?

The merchant name that appears on credit card statements for this transaction is "XYZ Company."


How does a virtual credit card terminal work?

A virtual credit card terminal works the same as a regular terminal without having to physically swipe your card. It takes the information put in and uses that to process the transaction.


Can a merchant charge a cancelled credit card for a transaction?

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.


What is the required zip code for an international credit card transaction?

The required zip code for an international credit card transaction is typically the billing address zip code associated with the credit card.