Funding

Explanation: The final step of a credit card transaction, when a merchant gets its money from a consumer's credit card purchase, minus any transaction / interchange fees the merchant has to pay to their bank, the credit card network, and your credit card company.

Our Thoughts: Learn all about how a credit card transaction happens here: http://education.cardhub.com/credit-card-transaction/

Related Terms:
Batching, Clearing, Settlement, Transaction, Merchant, Transaction Fee