Posts Tagged ‘apr cards’


How Does the Credit Card Work?

If a caveman came back and made his way to a store offering Point of Sale (PoS) payment mode, he would be baffled by the ease at which Homo sapiens do their own version of hunting. In truth, the simple act of swapping a small card into a terminal to effect a transaction would bewilder the uninitiated, and not necessary the early man.

What happens? How the payment is finally processed?

These are just some of the questions that even some card holders don’t bother to ask, either to themselves or anyone (it is a possibility that some store workers don’t fully understand it as well), so you are not alone.

Here are some quick hints.

Every time one uses a credit card
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