Do you ever wonder what is happening behind the scenes in a credit card transaction? How the banks are linked to you and the seller, and how is someone get paid after you pay the bank. And I will tell you this happens all in ten seconds.
You don’t believe me? In this infographic, we explain the inner workings of a credit card, as well as the offer tips to credit card holders on how you can minimize the fees on your card, and what to do if you’re in too much debt.
A buyer swipes his or her credit card via a credit card reader, sends out information to the bank, the bank in return verifies, confirms and notifies the seller, making the transaction valid! All in 10 SECONDS! Amazing!
Do you want to get a credit card? Look at our credit card comparison table now!