Sentences with phrase «transactions at merchants»

Transactions at some merchants (such as hotels, car rental companies, restaurants, and gas stations) may result in temporary authorizations for amounts greater than the actual Purchase amount.

Backed by MasterCard's MasterPass system, the banks» apps will allow customers to load their debit and credit cards onto their smartphones, then use them to make transactions at merchants who have tap - and - pay terminals.

Not exact matches

The payments business depends on the number and value of purchases made at merchants since payments companies typically take a cut of each transaction as revenue.

By utilizing a token that follows the same format as the card's PAN, there aren't significant interoperability issues between the different members of the payments ecosystem involved in transactions at various merchants.

The way it works is if a customer has Bitcoin but wants to buy an item from a merchant that accepts USD, at the point of transaction, through a process, Bitcoin is exchanged for USD at the going rate and the merchant receives USD.

BitPay records the USD value of each merchant transaction at the time of the transaction, regardless of whether the merchant chooses to settle in BTC or USD.

Prior to joining Cerberus, Mr. McLeod managed the leveraged finance origination and execution activities at CIBC World Markets from 1998 to 2006, where he originated, structured and executed transactions involving high yield debt securities, leveraged loans, privately placed mezzanine securities and merchant banking investments.

There are many ways to submit credit card transactions to your merchant account, either by phone, online or with a card - swiping terminal, which can be fixed in your retail store or wireless for mobile services such as taxis or selling at multiple venues such as trade shows or craft fairs.

The payments experts at the conference learned about the compelling benefits to merchants accepting Bitcoin, including zero charge - back risk, low transaction cost, fast processing times, and ready access to global markets.

As we all know credit card processing makes transactions much more convenient and quicker for consumers, but it can come at a price for small business owners since the cost of accepting credit cards are passed along to the merchant and not the consumer.

These changes mean that interchange payments on many transactions will have fallen, particularly for transactions at smaller merchants that previously faced higher interchange rates on their transactions.

At Inverness, Kurt pursued opportunities in a wide variety of industries and executed transactions with energy and financial services companies including the IPO of National Oilwell Varco (formerly National Oilwell, Inc.), today a $ 30 billion oil and gas services company, and the acquisition and sale of Financial Alliance, Inc., a merchant payment processor with over 60,000 accounts.

Visa ® USA determines which transactions are classified as gas purchases paid at the pump and supermarket purchases based on Merchant Category Codes.

Side benefit is we offer Merchant Service at cost (INTERCHANGE) plus 10 cents a transaction.

You could use a Capital One account linked to the bank's merchant services for free unlimited credit and debit transactions, then simply transfer the revenue to a checking account at your nearby bank.

There is no charge for making ATM transactions or other electronic fund transfers to or from your account that are conducted at our ATMs, and there is no charge for making point of sale transactions with participating merchants.

The PIN will be required at most merchants to complete a transaction.

Every time a cardholder makes a purchase at a retail establishment, a percentage of that transaction (somewhere between 2 % and 4 % depending on the merchant) is paid to the payment processor.

A Shell FCU MasterCard Debit Card can be used at an ATM for cash or at any merchant that accepts MasterCard transactions.

Small debit card transactions conducted on the same day at a single merchant and / or multiple transactions made during a condensed time period particularly near the end of a Monthly Qualification Cycle are not considered normal day - to - day spending behavior.

Some only offer a sign - up bonus after you spend a particular amount, while others give special rewards for transactions at certain categories of merchants.

If a merchant authorizes a transaction for an amount greater than the available balance in the account at that time, the transaction will generally be declined.

Transactions completed without a teller, including transactions at an ABM or merchant, online and mobile transacTransactions completed without a teller, including transactions at an ABM or merchant, online and mobile transactransactions at an ABM or merchant, online and mobile transactionstransactions, etc..

Has or has had an account open with a futures commission merchant at any time during the preceding six month period (along with $ 200,000 or more initial margin and option premiums for commodity interest transactions).

Many merchants do not charge your bank account immediately when you use your debit card with them, so at any given time you can actually have pending transactions you may have forgotten about.

(So they're really not making any money off of me, except what they «skim» off the merchants I use my card at — the transaction fee.)

As another example, you may have used your Credit Union debit card at a merchant and the merchant transaction has not cleared yet.

All VISA Debit Card transactions are free at merchant locations.

The exception to this is if a merchant forces a transaction through, you leave a tip at a restaurant or salon that exceeds your account balance, or if you go to a gas station and pay at the pump.»

Indeed, while the exact cost varies with the credit card processor, most card transactions cost the merchant at least 1 % of the transaction total, with 2 % to 3 % charges being more common.

The $ 400 bonus credit or equipment rebate will appear in the merchant's Settlement Account within 60 days after processing at least $ 20 in Card Transactions.

Barclaycard and Upromise do not determine and are not responsible for whether merchants correctly identify themselves and bill transactions as being made at locations in a particular category.

Well, it's not that difficult at all: you must have 12 + qualified transactions (not merchant visits) within the calendar year.

Foreign transaction fees apply to purchases made at merchants and restaurants outside of the United States.

Transactions must have been sent by the merchant to Mastercard by May 31, 2018, at the latest.

The new Chase credit card will supply rewards on all purchases, with a sizable triple reward of 3 percent cash back or triple points for eligible transactions at grocery stores, gas stations and fast food restaurants, including merchants like Dunkin' Donuts and 7 - Eleven.

With other cards, foreign transaction fees apply to purchases made at merchants and restaurants outside of the United States.

You can use this Mastercard to pay at millions of merchants around the world, and it has no foreign transaction fees.

An employee of Google at the time, Lee envisioned litecoin as a cryptocurrency that would offer merchants faster transaction times.

A spokesperson for Visa initially told the Financial Times that Coinbase was actually at fault, stating that the financial institution «has not made any systems changes that would result in the duplicate transactions cardholders are reporting -LSB-...] we are also not aware of any other merchants who are experiencing this issue» — seemingly passing the blame back to Coinbase.

At the moment, not many merchants accept bitcoin and the huge price volatility outweighs the benefits of lower transaction costs.

So basically paying directly to the merchants is although possible but as it sometimes takes time so we would advise that you get bitcoins exchanged for your traditional currency first in case you are in a hurry and can't wait for this process of your transaction being confirmed at the merchant.

At the end of the day, the vast majority of us are not online merchants and we don't frequently use cryptocurrencies in retail transactions (yet).

The application will help with «everyday spending» of passengers» digital KrisFlyer miles in «point - of - sale transactions at participating retail merchants,» the announcement added.

If PayPal's technology can be implemented at a large commercial scale, it could allow cryptocurrency payments to be processed between merchants and buyers instantly and off - chain, eliminating large transaction fees and most importantly, long verification periods.

Although your Bitcoin address is «anonymous» in that no identifying information (e.g. name, address, etc.) is attached to it, it is presumed that at some point you will cash out your Bitcoins (e.g. through an exchange) or you will purchase an item with your Bitcoins (e.g. from a merchant), and you will at that point risk connecting your identity to your Bitcoin address (es), your Bitcoins, and their entire transaction history.