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Visa Inc and MasterCard Inc: How the Magic of Credit Cards Works – Motley Fool



Visa Inc and MasterCard Inc: How the Magic of Credit Cards Works
Motley Fool
The merchant bank then communicates with the consumer's bank (the issuer – the bank where you have your checking account or credit card) and asks to be paid. The consumer's bank then reimburses the merchant bank, closing the transaction.

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