149k views
0 votes
Acquirer pays merchant for cardholder purchase Issuer bills cardholder _____.

User Shevski
by
8.0k points

1 Answer

0 votes

Final answer:

The acquirer pays the merchant, and the issuer bills the cardholder.

Step-by-step explanation:

The subject of this question falls under the Business category. It relates to the transaction process between a credit card acquirer, merchant, and cardholder.

When an acquirer pays the merchant for a cardholder's purchase, the issuer bills the cardholder for the transaction. The issuer is the credit card company that provides the card to the cardholder.

For example, if you use a credit card to buy a shirt at a store, the store receives the payment from the credit card acquirer. At the end of the billing cycle, the credit card company sends the cardholder a bill for the shirt purchase and any other transactions made during that period.

User Marc MAURICE
by
8.2k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.