I always wondered about this. How does the seller withdraw the money from the credit card account immediately? It is very mind boggling. Any sort of help would be appreciated. Thank you.|||They generally don't take the money the same day. What does happen is they put a hold on what ever amount they are taking this does happen the same day. Then it takes 2-3 days for them to get the money. Because of the hold you can't get to those funds, When the transaction goes threw it will show they got there funds the same day the hold was placed. hope that helps|||The money goes to the seller's account.
This shows up as a loan, to you.|||They place a request, or hold for the amount of your transaction. Then, after it clears with the card company. If you're wondering how it happens immediately, the credit card machine you (or they) swipe the card on is connected to a phone line. So it sort of works like a fax machine, telling the company to take $xx.xx from your account or charge it to your bill.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment