Q. How does a credit card processing system work?
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How does a credit card processing system work?

Credit cards are provided by a customer’s bank and are associated with their personal account details. Swiping or inserting a card at a merchant’s POS performs a chain of steps to complete a sale. The credit Card Processing System sends a request to the issuing bank to assure funds’ availability. The bank will approve or decline the transaction and forward a notification alert by the processor to the POS.
Processing is done when the money is deposited into the merchant’s bank account.


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