Cryptocurrency Q&A What is a credit card TXN?

What is a credit card TXN?

KatanaSharp KatanaSharp Thu Sep 05 2024 | 5 answers 1105
Could you please clarify what exactly you mean by "credit card TXN"? Are you referring to a transaction (TXN) made using a credit card? If so, a credit card transaction is simply a purchase or payment made using a credit card, where the cardholder is borrowing money from the card issuer to pay for the goods or services. The transaction is processed through the credit card network, and the funds are typically transferred from the merchant's account to the card issuer's account, with the cardholder responsible for repaying the amount borrowed, plus any applicable interest and fees. Is there anything else you would like to know about credit card transactions? What is a credit card TXN?

0 answers

| Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts