Social Sciences, asked by Amanpreet12345, 1 year ago

meaning of settling transactions

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Answered by TopperA1

2

Once a buyer purchases goods or services, his or her Issuing Bank sends funds to the seller's Payment Processor, which disperses said funds to the Merchant. The term 'settlement' is also used to refer to the specific amount of funds transferred by an Acquirer to a Merchant for the acceptance of a card transaction
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