A credit card is a means for system of payment. It is made up of plastic and small in size. It is used to buy goods and services based on the holder`s promise to pay for these goods and services. It is an online payment solution offering organizations a global, friendly way to send and receive from dispersed populations, using prepaid MasterCard debit cards. It works closely with choice bank limited or first convenient Bank, which issues cards and processes the transactions. You can find many industry leaders. Credit cards are currently used by more than half a million individuals in over 150 countries.
The issuer of the card creates a revolving account and grants a
line of credit to the consumer (or the user) from which the user can borrow
money for payment to a merchant or as a cash in advance to the user. It is
different from a charge card: a charge card requires the balance to be paid in
full each month. In contrast, credit card allows the consumers a continuing
balance of debt, subject to interest being charged. A credit card also differs
from a cash card, which can be used like currency by the owner the card. Most
credit cards are issued by Banks or credit unions, and are the and size
specified by the ISO/IEC 7810 standard as ID-1. This is defined as
85.60x53.98mm in size.
American Express, Visa, MasterCard, Capital One, Bank of America,
Discover, Chase, Citi, HSCB etc are some examples of Credit Card
Companies. Among them, pioneer is one which is easy and safe for online payment
over the world. For more information, go to: payoneer.com and you can find all
about this or simply search in Google about the credit cards. I will update
more about this when I got some new about Credit Card.