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Detailed explanation of credit card swiping process
The process of credit card swiping is very simple, which will be introduced in detail below.

1. Consumers choose goods and decide prices;

2. The merchant inputs the commodity information into the Pos machine to determine the transaction amount;

3. The consumer inserts the credit card into the Pos machine;

4. Number four. Pos will read the credit card information, and consumers need to enter a password to confirm;

5. The bank verifies the credit card to determine whether the account has enough balance or credit limit;

6. The bank confirms that the payment is successful and transfers the money to the merchant's collection account;

7. The merchant confirms the successful payment on the Pos machine and gives the goods to the consumer.