A credit card is a financial tool that allows individuals and businesses to make purchases or access a line of credit on the condition that they will repay the borrowed amount, usually with interest, at a later date. Credit cards are issued by banks, credit unions, and other financial institutions and are widely used for a wide range of transactions, both online and in-person.

Here are the basic steps of credit card processing: Authorization: Cardholder Makes a Purchase: The process begins when a cardholder uses their credit card to make a purchase, either in a physical store or online. https://www.offshoregateways.com/credit-card-processing/ https://www.offshoregateways.com/credit-card-payments/credit-card-processing-speed/ https://www.offshoregateways.com/credit-card-payments/top-10-virtual-ibans/