What Questions Should You Ask Your Customers If They Have Problems Paying By Card?
The most common and the most irritating error message when you accept credit card payments in your online business: “Transaction rejected by credit card company”.
The most common and the most irritating error message when you accept credit card payments in your online business: “Transaction rejected by credit card company”.
Issuer is an institution from which the consumer gets his credit card. Usually it’s simply a bank (hence the popular term issuing bank), but it might also be e.g. a credit union. Such bank is associated with credit card brands, like Visa, MasterCard or American Express.
The issuing bank is actually the institution, which grants you the credit. So they are the ones, who check your credit history, debts. And later they decide what your credit limit is.
Refund – it’s the money (or its transfer) which a customer receives from a merchant after making a complaint. The whole process usually looks like this: