What is another word for credit card payment?
What is another word for credit card?
| bank card | charge card |
|---|---|
| affinity card | charge plate |
| debit card | gold card |
| plastic | plastic credit |
| plastic money | platinum card |
What’s another way of saying payment?
Some common synonyms of pay are compensate, indemnify, recompense, reimburse, remunerate, repay, and satisfy.
What does it mean when a credit card payment is processing?
The merchant sends a request for payment authorization to their payment processor. The payment processor submits transactions to the appropriate card association, eventually reaching the issuing bank. Authorization requests are made to the issuing bank, including parameters like CVV, AVS validation and expiration date.
What is another name for payment plan?
What is another word for payment plan?
| layaway plan | credit plan |
|---|---|
| deferred payment plan | installment plan |
| layaway purchase |
What is the word for credit card?
In this page you can discover 23 synonyms, antonyms, idiomatic expressions, and related words for credit card, like: smart card, cashcard, bank-card, charge-card, gold card, charge plate, plastic credit, , creditcards, servicecard and paypal.
What is the formal word of paid for?
What is another word for paid for?
| atoned | made amends for |
|---|---|
| paid dues | made good |
| made recompense for | expiated |
| compensated for | suffered the consequences of |
| recompensed for | made restitution |
What word means the same as payment for work?
remuneration. noun. formal payment or other rewards that you get for your work.
How is a credit card processed?
Essentially your (the cardholders) information is transferred to the merchant and sent to their acquiring bank which is passed through to the card network and onto the issuing bank (your bank). Once the information is approved (or even denied) it goes back via the cycle to the merchant with the result.
How would you process the payment of a credit card?
Credit card processing in 8 simple steps
- Making the purchase.
- Entering the transaction.
- Transmitting the data.
- Authorizing the transaction.
- Responding to processor and merchant.
- Completing the transaction.
- Submitting a batch closure.
- Depositing the funds.
What means deferred payment?
A deferred payment option is a right to operationally defer payment on an investment until a later date. Deferring payment often has certain advantages to paying up front, such as accruing interest or avoiding opportunity costs, which the owner of that option will usually pay for.
What is staggered payment?
Staggered payment is an option under a term plan wherein the nominees receive a portion of the sum assured as a lump sum and the remaining money comes in form of monthly or annual payments. This way, the nominees do not have to worry about what to do with the lump sum, and they can plan their finances accordingly.
What does it mean to process credit card payments?
Payment processing is in essence the automation of electronic payment transactions between the merchant and the customer. Payment technology helps process, verify and accept or decline credit card transactions through specialized hardware and software.
What’s the difference between payment processing and payment technology?
Payment processing is in essence the automation of electronic payment transactions between the merchant and the customer. Payment technology helps process, verify and accept or decline credit card transactions through specialized hardware and software. Who is Involved in Credit Card Processing?
What are the different types of credit card processors?
Acquiring Processor/Service Provider: This third-party entity is sometimes an arm of the acquiring bank. A processor provides a service or device that allows merchants to accept credit cards as well as send credit card payment details to the credit card network. It then forwards the payment authorization back to the acquiring bank.
How does credit card processing work at the point of sale?
In the authorization stage, the merchant must obtain approval for payment from the issuing bank. The cardholder presents their credit card for payment to the merchant at the point of sale.
