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What else can I help you with?
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.
What is card approval?
Well, this is an ambiguous question, so I will answer for all the possible interpretations for the benefit of the reader:1. When you apply for a credit card if the application is successful then it is said that your card has been approved2. When a card is swiped through at the terminal or eft point, the credit provider's server is connected to enable to processing of the transaction. When the transaction is successfully processed, people often use the term the card approved / transaction approved...Hope this helps!
What are the major documents for credit transaction?
what are the major documents used in credit transaction
If cosigner has a car loan already may she cosign for someone and be approved for that person and the cosigner has good credit?
Yes.
Who is responsible to ensure a legal government credit card transaction occurs when making a purchase?
using card holder.
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.
What is the authorization number on a credit card?
It is a five or six numbers generated by an issuing bank, using a credit card, for the purpose of validating a credit card whenever it is approved in the sale of a service. Here the authorization code is to approve the transaction. Here i prefer virtual credit card for transactions.
What does O.A.C mean?
Usually "on approved credit" Means if you're approved you get credit
How does a cash transaction differ from a credit transaction?
A cash transaction is actually using money you have at the time ; A credit transaction is spending money that you don't actually pay immediately , but at a later date
Does pending mean they already took the money out of the account?
yeah...pending in banking means that transaction is in process whether it is a credit or debit on an account.
What is a pre-approved car loan?
A pre approved car loan is a loan where the car dealer or banks have already run your credit. They have determined how much money they will lend you and what you can afford to buy.
