Cryptocurrency Q&A
What is credit card txn?
What is credit card txn?
Valentina
Sun Sep 01 2024
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6 answers
1504
Could you please clarify what "credit card txn" stands for? It seems to be an abbreviation, but I'm not entirely sure what it refers to. Is it related to financial transactions made with a credit card? Or perhaps it's a specific term used in the world of cryptocurrency or finance? I'd appreciate it if you could elaborate on the meaning and context of this term.
6 answers
CryptoAlly
Tue Sep 03 2024
The process of a credit card transaction typically begins when the consumer presents their credit card to the merchant's payment terminal or portal. This can be done in person at a physical location, such as a grocery store, or online or over the phone.
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CryptoPioneer
Tue Sep 03 2024
A credit card transaction is a financial exchange that involves the use of a credit card. When a consumer makes a purchase using a credit card, they are essentially borrowing money from the card issuer to pay for the goods or services.
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Michele
Mon Sep 02 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of both individual and institutional investors. These services include spot trading, which allows users to buy and sell cryptocurrencies at current market prices, as well as futures trading, which allows users to speculate on the future price of cryptocurrencies.
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Margherita
Mon Sep 02 2024
In the case of in-person transactions, the consumer may insert, tap, or swipe their credit card through the payment terminal. The terminal then sends a request for authorization to the card issuer's bank.
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GangnamGlamourQueen
Mon Sep 02 2024
The bank verifies the cardholder's identity and account information, and checks to see if there are sufficient funds available for the transaction. If the transaction is approved, the bank sends an authorization code back to the merchant's terminal.
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