Transactional Cycle
We will tell you what happens from the moment a customer makes a transaction, money is debited from their balance or available limit, and credited to a merchant's account.
Introduction
It is a three-stage cycle through which a customer who makes a transaction with their card gives up the money they have in their account and credits it to a merchant's account. This cycle works the same for all countries and card brands (Visa and Mastercard).
Transactional Cycle
Stages of the cycle
Frequently Asked Questions:
What is a POS?
A POS (Point of Sale) is a device for making payments, returns, printing sales tickets, managing inventory, generating reports, and more. They are typically created and managed by acquirers.
What is an acquirer?
An acquirer is a payments company that provides merchants with specialized tools for processing payments, managing fraud, and more. It is an intermediary between merchants and card brands.
What is an ATM?
An ATM, or automated teller machine, is a device that allows you to perform a variety of transactions, such as withdrawing cash, checking your balance, transferring money, and more. ATMs are typically located in banks.
What is a credit in trust?
A trust credit is one granted to a customer who engages in a dispute, so they can use the money until it is resolved either in their favor or against them. In the event it's decided against the customer, a debit is then carried out to recover the money that had been granted in trust. Trust credit only operates in some countries.