Cryptocurrency Q&A
What is the meaning of onus payment?
What is the meaning of onus payment?
CryptoGuru
Thu Oct 31 2024
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5
answers
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I came across the term 'onus payment' in a financial document and I'm not sure what it means. Can someone explain the definition and context of 'onus payment' to me?
5 answers
EnchantedSoul
Sat Nov 02 2024
An ON-US Transaction refers to a situation where the issuing bank and the acquiring bank are the same entity.
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MountFujiMystic
Sat Nov 02 2024
In an ON-US Transaction, the acquirer sends the transaction directly to the issuer.
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CryptoElite
Sat Nov 02 2024
This process does not involve any third-party networks such as Visa or MasterCard.
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KDramaLegendaryStarlightFestival
Sat Nov 02 2024
The concept of ON-US Transaction and OFF-US Transaction needs clarification.
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Stefano
Sat Nov 02 2024
There are two types of transactions in this context: ON-US Transaction and OFF-US Transaction.
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