Provisions on the use of credit cards:
1. The merchant shall verify the bill or cash withdrawal slip signed by the cardholder with the acquiring bank, and conduct liquidation with the acquiring bank to recover the advance funds.
2. The acquiring institution deducts a certain handling fee when making payment to the special merchants, and together with the acquiring institution, makes a payment request to the issuing bank. This process is realized by sending a payment request document to the issuing bank.
3. If the issuer has no objection to the transaction, it will pay the money to the acquirer and share the service fee with the acquirer by withholding. Otherwise, it will enter the stage of refusing to pay or re-requesting payment, and even finally it will be submitted to the higher authorities for ruling.
4. The issuing bank will issue a statement to the cardholder at the end of each month or the agreed date, that is, a payment notice. After the cardholder has no doubt about the transaction on the statement, he will pay the corresponding amount to the issuing bank.
Therefore, the first time you use a credit card, you need to activate it.
Extended data:
Functions of credit card:
1, convergence function
The master account guides many scattered small funds to gather into a fund collection function that can be put into social reproduction. Here, the stock market plays the role of "reservoir" of funds. ?
2. Configure functions
The allocation of resources, the general ledger transfers resources from inefficient departments to efficient departments, so that a society's economic resources can be most effectively allocated to the most efficient or effective use, and the rational allocation and effective utilization of scarce resources can be realized. ?
Step 3 Adjust the function
The regulating effect of personal account on macro-economy. The stock market is connected with depositors on one side and investors on the other. The operating mechanism of the stock market plays a role through its influence on savers and investors. ?
Baidu encyclopedia-credit card