Although a credit card transaction may appear to be as easy as a swipe, dip, or tap, there are actually several steps and participants. Businesses carry out credit card and debit card transactions through payment processing systems. Payment processing services expedite card transactions while payment gateways convey data securely so that funds from a customer's issuing bank can be transferred to a merchant's account. All of this occurs quickly. In the end, a client makes a purchase
without using cash or a check, and a business completes a transaction. A credit card transaction appears straightforward at first glance, but there is much more to it. Payment is processed, verified, accepted, or denied, and money is transferred during a single card transaction.
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