单词 | credit card transaction |
释义 | credit card transactionDefinition The use of credit card by consumer to purchase goods or services. The purchase price of goods or services is sent through a processor for authorization; if the amount is approved it is automatically submitted to the seller. The amount is listed on the consumer's credit card statement and must be repaid. A transaction may also refer to a credit made to the consumer's credit card account, such as when a good or service is returned for a refund. |
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