The special merchant will hand over the bill or cash withdrawal slip signed by the cardholder to the acquiring institution of our bank, make liquidation with the acquiring institution and recover the advance funds.

banker's order

The acquiring institution deducts a certain handling fee when paying the special merchants, and makes a payment request to the issuing bank together with the acquiring institution. This process is realized by sending a payment request document to the issuing bank.

pay

If the issuing bank has no objection to the transaction, it will pay the money to the acquiring bank and share the service fee with the acquiring bank 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.

Cardholder payment

At the end of each month or on the agreed date, the issuing bank will issue a statement to the cardholder, 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.