How a Card Transaction Works (Step-by-Step): Swipe, Approve, Settle (Visa/Mastercard)
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How a Card Transaction Works (Step-by-Step): Swipe, Approve, Settle (Visa/Mastercard)
Ever wonder what actually happens when you tap your card at checkout—who approves it, who gets paid, and why fees exist? In this video, I break down how card networks work (think Visa, Mastercard, and the “payment rails” behind your card) using simple, real-world examples. You’ll learn the 4-party model (cardholder, merchant, issuer ...
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