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When a credit transaction is processed by swiping a customer's credit card, Visa debits the...

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Accounting

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When a credit transaction is processed by swiping a customer's credit card, Visa debits the customer's bank account immediately and transfers the funds to the retailer. advances the funds immediately to the retailer directly from its own bank account. sends a request to the bank that has issued the credit card seeking its approval. Issues a rejection or approval by conducting its own credit analysis of the customer charging the merchandise

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