Instead of just being directly transferred, the money makes a few crucial stops along the way, and each stop takes a tiny portion of the payment. From start to finish, the store is actually getting only 97-98% of the amount that is taken out of your account. This is because there are several other entities at play: the card-issuing bank, the credit company itself, the bank that is receiving the payments, and also the payment processor.
Learn what actually happens during a credit card payment in this informative infographic, so that next time you go on a guiltless shopping spree you'll know exactly where your money is going.
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