Credit card settlement – settlement of the amounts.
Billing of sales for credit cards
There are different types of credit cards and these differ mainly in the way they account for sales. The credit card statement, which can be seen at the end of the specified period, lists all amounts that were debited from the credit card within the period. Credit card billing takes place in different ways depending on the credit card.
The “original” credit cards are called credit cards. The credit card statement will be sent to you at the end of the specified period. You can then either settle the invoice in one go or in partial repayments, in which case interest accrues.
With the so-called charge cards, the credit card statement will also be sent to you at the end of the specified period. This period is usually 30 days. The credit card statement will now be debited from your checking account in one fell swoop.
Revolving cards are considered “tricky” credit cards, because after a certain period of time you also have the option to pay off the amount of the credit card statement in installments. In the following month, however, you will again receive a framework. Since high interest rates are usually charged on the balance, there is a great risk of falling into a debt trap.
Debit card credit cards are always linked to a checking account, and the sales made with this credit card are immediately booked with the corresponding checking account. This type of credit card billing is comparable to billing for conventional ec cards. As soon as there is no more credit on the corresponding account, no more sales can be made.
Prepaid credit cards
With prepaid credit cards, credit card billing is similar to debit cards. Revenues are also booked immediately with the credit card account. To do this, money must always be loaded into the account of the prepaid card, because as soon as there is no credit left on the credit card account, the credit card can no longer be used to pay.