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Questions tagged [transaction]

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22
votes
4answers
7k views

Do businesses save their customers' credit card information until the payment is finalized?

Paying by credit card is sometimes a multi-step process. In some of those cases, only the initial authorization is made at the point of sale; the finalized transactions are usually entered as a batch ...
1
vote
2answers
144 views

Is it safe to give credit card first 6 numbers+ last 4 over email? [duplicate]

A company that I had previously had a subscription with and cancelled continues to charge me, so I contact their support team and they say that their system shows me to be cancelled. They have asked ...
1
vote
1answer
123 views

Credit Union taking 2 months to post transactions

Is there a rule or law on how long credit unions can take to post transactions? Everything I've seen says it should take immediately as debit or 1 to 2 days as credit. However, I'm having some ATM ...
2
votes
1answer
210 views

Can I get a confirmation that a pending card transaction details are real?

I'm going to make a deal over the Internet with a payment onto my Mastercard debit card (for providing some service online); a part of the payment will be done up front. I'll have a (not editable or ...
2
votes
0answers
81 views

Zelle accidentally sent me a “transaction credit”

The amount is the same that is deposited into my account for my full time job so I contacted my employers already as well. Now sure if Zelle can take the money back?
1
vote
1answer
2k views

What does the ATM error message “085-CVR CHECK FAILED” mean?

Today when I tried to withdraw money from the ATM. My transaction was declined, I received this message The transaction dated 08-Jun-19 20:44:31 through card ending 7123 has been declined due to 085-...
1
vote
2answers
171 views

Actual time of a credit card transaction

how can I find out the exact time my credit card was processed at a supermarket? My bank statement only tells me the day not the time
-2
votes
1answer
204 views

How Were the Scammers from North Korea able to Hack SWIFT CODES?

Sanctions-Hit North Korea Stole $13.5 Million From Cosmos Bank: Report North Korea was reportedly using cyberspace for undercover operations "to acquire funds through a variety of measures in order ...
2
votes
4answers
232 views

Why don't banks process money transfers more often?

From what I've seen, most banks process money during night batches and once during the day around lunch time. Some resources I found say that during the day most banks process transactions at 10:30, ...
3
votes
3answers
257 views

Retailer charged different amount on my card

A little bit of context: I did some online shopping. I added some items in the basket for total amount of 770 and payed online with my card. the 770 value transaction was status "pending" on my bank ...
0
votes
2answers
166 views

Why do foreign transactions take so long to post to online banking statement?

I have been in a foreign country for the last week and none of my purchases have been posted on my online banking statement and i "still have the same amount of money in my account" (put in quotes ...
1
vote
1answer
187 views

Unknown Zelle payment

A Zelle transfer appeared on my bank account that I didn't make. Zelle says to contact my bank for more info on who was paid, but they say money was paid to Zelle! How do I find out who got my money?!...
0
votes
1answer
162 views

How are multi-billion transactions executed? [closed]

So when we think of multi-billion dollar cash transactions such as cash-based M&A deals, large real-estate projects ,etc. how are these transactions executed? Is it similar to me using my ...
91
votes
16answers
25k views

How do people know if there are sufficient funds available when accepting payment by check?

I don't know a lot about paper checks because I have never seen one, and I don't live in America. Suppose person A gives person B a check for $100,000 in payment for something in a shop. How can B be ...
2
votes
2answers
1k views

How to delete multiple transaction at once in GnuCash?

How can I delete multiple transactions in a batch in GnuCash? My specific use-case is that I am treating each year as a standalone gnucash file. I start with a copy of the previous year and import ...
10
votes
3answers
2k views

What does “buyer is maker” mean?

What does it mean to say that "buyer is maker" or "buyer is not maker"? If a trade happens where the "buyer is maker", does that mean that the trade happened as buyer bought a share? I am asking ...
2
votes
4answers
770 views

Does transferring $10 to various bank accounts count as money laundering?

I am making an app that rewards users with real money for using the app. The money comes from the profit I get from ads the user views. Basically, I am sharing my ads profit with my users. However, ...
0
votes
1answer
283 views

Simple problem: how much cash was collected from customers? [closed]

Our professor posted this practice exam question, and I'm having trouble understanding why the answer key is correct: The balance in Accounts Receivable was $650,000 at the beginning of the year ...
12
votes
1answer
2k views

How is double-spending prevented in traditional banking?

I have been getting familiar with crypto currencies and, in particular, with the double spending problem. This has brought up the question of how double-spending is prevented and controlled in ...
4
votes
2answers
124 views

Can a transaction be void if the reader said it has been approved?

Yesterday I made an in-person payment using the contactless functionality of my debit card, the reader said that the payment was approved and the transaction was complete. The money from this ...
0
votes
1answer
4k views

Why do banks not provide date/time of original transactions? [closed]

Obviously, when you look at your bank's transaction history, it will show the date when transactions were cleared, as that's the date that really matters. But I also know that banks are capable of ...
1
vote
2answers
70 views

Does a low expense ratio off-set a transaction fee? Or is it better to go with a high-ratio mutual fund without a transaction fee?

I currently use Fidelity for my Roth IRA. I am very interested in socially-responsible/sustainable/alternative energy investing. However for these type of funds I am typically finding 2 options: ex: ...
0
votes
1answer
100 views

Is the 0.3% French tax on French securities (including U.S ADR) applicable to sales as well?

Investors may get an unpleasant surprise when they invest in French stocks, even those listed overseas like U.S. The U.S ADRs of French companies are affected as well. There is a French Transaction ...
0
votes
0answers
91 views

Which are the European countries that levy a financial transaction tax on stocks and how much?

Financial transaction tax has been talked about in the past years in Europe. There are many countries in Europe. Some agree, some disagree. I have problems following this issue. As of today, which are ...
15
votes
3answers
3k views

Why would a restaurant offer a very large cash discount?

I understand that in many cases, merchants would put surcharges on credit card purchases, or offer cash discounts, in order to pay for transaction fees charged by Visa, etc. However, a restaurant I ...
2
votes
1answer
875 views

Can I make a foreign currency transaction for friends buying online outside India?

I have a couple of friends whose debit cards do not work on international sites (outside India in USD or CNY). I have used my debit card few times to purchase items (total value around INR 30k) for ...
2
votes
1answer
154 views

Why would a bank tell me to contact their helpline if an incoming transaction was not “done by me”?

Whenever I receive money in my bank account, I get an email saying: If the transaction is not done by you, please contact our Helpline at the earliest. The same warning is there on both debit ...
1
vote
1answer
810 views

Income Tax for high valued transactions in savings account (India)?

I believe this question is only for Indians, but others may help too. With reference to this link, I found a point about high valued transactions as follows If cash aggregating to Rs 10 Lakh p.a. ...
0
votes
2answers
185 views

Whats the difference between multiplying by 0.999 and dividing by 1.001?

1/1.001 - 1*0.999 is non zero. But whats the difference between multiplying by 0.999 and dividing by 1.001? If say I was doing some foreign exchange at the airport and they wanted a 0.5% transaction ...
-1
votes
6answers
2k views

How can I stop a merchant from charging a credit card processing fee?

According to the answers on Can a merchant charge you more in the US if you want to use a credit card?, I gather that, while it is not illegal for a merchant to pass their payment card processing fees ...
16
votes
7answers
5k views

Why don't banks allow more control over credit/debit card charges?

Why don't most banks have a system where, when you charge something on your credit or debit card, you then have to log into the bank and approve the transfer of funds? Alternatively, why don't they ...
3
votes
1answer
240 views

What does each of these fee terms mean?

I am thinking about applying for my first credit card, but I do not understand the meanings of the various transaction fees. There are several items listed as transaction fees: Balance Transfer ...
4
votes
2answers
1k views

End of financial year: closing transactions

What book-keeping practice is best to keep each year's transactions balanced within that year? This question seeks specifically an answer that benefits from the consensus of the accumulated wisdom of ...
1
vote
1answer
134 views

Can I find the duration of a SEPA “Lastschrift” permit I signed?

If you need the background, you can read my other question. But I'm interested in answers to this one independently of the situation described there. I allowed somebody to perform "Lastschrift" (...
3
votes
1answer
91 views

How can I find out the reason for a rejected SEPA “Lastschrift”?

I signed up for a service which is paid monthly, with a contract which went for one year and then auto-updates for another year if not canceled. The payment is done via SEPA Lastschrift (both I and ...
0
votes
3answers
4k views

What are “PIN-less” transactions, when are they possible, and how do I make sure my transaction is PIN-less?

Rewards checking accounts typically require 10-12 monthly transactions to earn decent interest. Often I see that they require these transactions to be "PIN-less". I neither understand exactly what ...
3
votes
1answer
136 views

Is it possible to be subject to cash withdrawal even if you don't use ATM?

Some companies offer using credit card for paying rent for an extra fee, or some other big-charge transactions that you might traditionally be required to pay for through ACH, a personal check and/or ...
-1
votes
1answer
113 views

How can I simplify my interactions with my online brokerage for buy, selling, and rebalancing mutual funds?

Whenever I want to buy or sell mutual funds, it ends up being a multiple day process for me. For example buying mutual funds: Visit my brokerage account and have them transfer the funds in from my ...
1
vote
0answers
62 views

Shares traded and Volume Confusion

I don't understand something about an insider transaction report. According to this report an insider sold 40000 shares on 2003/12/24. But when I look at publicly available volume data for that date,...
1
vote
1answer
830 views

What is KIRCHSTRASSE on my statement bill?

I'm from the UK, I've been in Spain for few days and I've checked my bank statement recently, and I'm have the following transaction which I can't recognise: 4 Sep 2014 POS 0158 02SEP14 , ...
0
votes
1answer
127 views

What happens to the share of A company that I own which has been bought by B company?

Will my shares be changed to shares of B company or will I be paid an amount of the share before the transaction with some additional amount based on transaction?
0
votes
1answer
920 views

How do I receive payment from the USA to my current account in India

I am setting up a small time company that renders online marketing solutions to USA clients. In this line of business, most Indian companies project themselves as US companies and they have a US bank ...
2
votes
1answer
237 views

Facebook application income (India)

I am currently working software engineer in India. Except for salary income. I get income from my facebook app which is very basic amount. For that I use paypal to transfer money to my bank account. ...
3
votes
1answer
504 views

What is the value in using the “split transaction” feature present in some personal finance management tools?

Why is the ability to have a split transaction (e.g. one transaction, but categorized into two or more parts) beneficial to personal finance management software? What are the most typical use-cases ...
-1
votes
1answer
2k views

Who is the counterparty when buying shares through a broker

If I buy shares of a company through a broker, who is my counter-party? The company or the broker? i.e Do I face counter-party risk twice over(if company goes bankrupt and also if broker goes bankrupt)...
4
votes
1answer
199 views

What is the process through which a cash stock transaction clears?

When selling stocks through a "cash" account through a brokerage, it takes about 3-4 days for the amount to clear and be available for reinvestment. I'm assuming the is a process through which the ...
3
votes
2answers
7k views

do/can credit card companies track individual items purchased and their details?

They track categories How do credit card companies track your purchase categories?, and these are well established, but do they also track the item by UPC or some other convention, the quantity, the ...
4
votes
2answers
5k views

What is the average value of a credit card or debit card transaction?

There are a plethora of statistics regarding credit card usage but what I can't seem to find is the the value of the average credit card (or debit card) transaction. Are such statistics provided by ...
1
vote
0answers
63 views

Best software to import finances [duplicate]

Possible Duplicate: What are the best software tools for personal finance? I'm looking for a tool to manage my personal finances with. I've got various loans, credit cards, a few investments, and ...
3
votes
2answers
901 views

Bank changes exchange rate of transaction

I will use hypothetical numbers, just for examples. I have account in my bank in euros (EUR). I buy something online and pay for it with dollars (USD). Lets pretend exchange rate is 1 USD = 0.5 EUR. ...