1. Credit card consumption means credit card swiping consumption.

Card swiping consumption refers to customers using Elite Club Account, Peony Money Link Card e-Age, Peony Money Link Card, Peony International Card, Peony Credit Card, Peony Credit Card and various co-branded cards when shopping at merchants. Payment is a settlement method in which the money is deducted from the relevant bank card.

2. Banking procedures for payment consumption:

1. Submit payment slip

The merchant will submit the payment slip or cash withdrawal slip signed by the cardholder to us. The acquiring bank will settle with the acquiring bank and recover the funds advanced.

2. Request payment

The acquiring bank deducts a certain handling fee when paying to the special merchant, and submits a payment request to the card-issuing bank with the acquiring bank. This process is accomplished by transmitting the charge file to the card issuing bank.

3. Payment

If the issuing bank has no objection to the transaction, it will pay the acquiring bank and share the business handling fee with the acquiring bank through withholding. Otherwise, it will enter the stage of chargeback or repayment, and it may even end up being submitted to a higher-level organization for adjudication.

4. Cardholder payment

The card issuer will issue a statement, that is, a payment notice, to the cardholder at the end of each month or on an agreed date. The cardholder shall confirm the information on the statement. After the transaction is confirmed, pay the corresponding amount to the card issuing bank.

Extended information:

Things you should pay attention to when using credit cards to make purchases:

1. When swiping the card, do not keep the card away from the cardholder’s sight to avoid Has been misused or stolen;

2. Please do not sign on blank or incomplete payment forms;

3. Before signing, please be sure to confirm the place where the payment is made. Check whether the listed card number and transaction amount are correct, and pay attention to whether the consumption currency and capitalization amount are correct;

4. When using a credit card, a signature is required to confirm the purchase. Generally, there is no need to show your ID card or enter a password. However, please cooperate when the following situations occur: Due to operating standards, POS machines in some cities still require a password. Cardholders are asked to enter any 6-digit number.

5. If the signed bill needs to be rewritten or the transaction canceled due to errors, please ask the merchant to tear up all the original signed bills and retain the return certificate given by the merchant to avoid future disputes;

6. After making the payment, please confirm that the credit card returned by the salesperson of the special merchant is indeed the cardholder's own credit card;

7. After completing the transaction, please keep the root link of the cardholder who made the payment. to check with the credit card statement sent by the bank. ?

Baidu Encyclopedia - Credit card consumption

Baidu Encyclopedia - Credit card