![]() Generally, your statement period will be every 30 days the actual dates can vary slightly from month to month. The period in which the reported transactions have taken place. You can keep track of your expenses and bills on an American Express App as well. Any pending amount gets billed with interest in the following month's Card statement. Upon receiving the statement, you pay the full or at least the Minimum Due amount. The bank bills you for all the transactions in a billing month and sends you a monthly Card statement.The retailer gets the money from the bank in a few days. Upon approval, the machine prints two receipts - one for the retailer and the other for your records.Once all the details are verified, the bank approves the transaction. Along with the pin, this information gets transmitted to your issuing bank. Next, the device will read the magnetic stripe on the back of your card or chip (which contains information to identify the card).Punch in your PIN (Personal Identification Number) to authorise the transaction or initiate your transaction just by waving the card near the machine.The cashier will either swipe your card or insert it in the card machine. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |