CIW
1D0-525 · Question #108
In credit card transactions, which of the following occurs during the settlement phase?
The correct answer is D. The acquiring bank transfers money to the merchant's account. See the full explanation below for the reasoning.
Question
In credit card transactions, which of the following occurs during the settlement phase?
Options
- AThe customer enters credit card information on a Web site and confirms the order.
- BCredit card information is passed to a payment gateway.
- CThe processor verifies the credit card through the issuing bank.
- DThe acquiring bank transfers money to the merchant's account.
How the community answered
(47 responses)- A6% (3)
- B11% (5)
- C2% (1)
- D81% (38)
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