Questions tagged [transaction]

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91
votes
16answers
26k 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 ...
40
votes
13answers
9k views

How can a client pay me for freelance work if I don't want him to know my name and he is uncomfortable using bitcoin?

I've been contacted on a specialized Internet forum and offered a well-paid one-off job to translate a highly specialized text, and I'm happy to accept the offer, but there's a problem: I have always ...
23
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 ...
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 ...
16
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 ...
12
votes
1answer
3k 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 ...
11
votes
3answers
17k views

How do people/companies buy/sell very large amounts of stock?

I use Sharebuilder for buying and selling stock. Since I'm still only starting out, I don't have a lot in there (no more than a couple thousand), and my purchases have never been for more than a ...
10
votes
3answers
3k 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 ...
9
votes
2answers
4k views

Why does a no-load fund have transaction fees? Isn't that a contradiction?

According to Scottrade's website, the T. Rowe Price Retirement funds are "No-load" but at the same time "Transaction fees apply". I thought the whole idea of No-load funds was not having any ...
8
votes
4answers
8k views

When bookkeeping, which transaction date should I use from my bank statement?

When reconciling my bookkeeping with my bank statement, should I use the date the transaction occurred or the date the bank processed the transaction? Also, which date should I use when transferring ...
6
votes
2answers
2k views

How to delete multiple transactions 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 ...
5
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 ...
4
votes
4answers
1k views

I'm 13. Can I buy supplies at a pet store without a parent/adult present?

Can I (a 13 year old) buy supplies for a cat by myself with no parent there? Or do I have to bring my older sister (an 18 year old) with me to get them? Or do my parents have to go with me?
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 ...
4
votes
2answers
127 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 ...
4
votes
1answer
219 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
1answer
518 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 ...
3
votes
3answers
265 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 ...
3
votes
1answer
243 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 ...
3
votes
2answers
987 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. ...
3
votes
1answer
110 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 ...
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 ...
3
votes
1answer
140 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 ...
2
votes
4answers
844 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, ...
2
votes
1answer
162 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 ...
2
votes
1answer
334 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
4answers
240 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, ...
2
votes
3answers
524 views

Canadian personal finance software with ability to export historical credit card transactions?

I am looking for a personal finance software that lists all your credit card transactions. I was looking at mint Canada and it has what I want (lists all your credit card transactions and assigns the ...
2
votes
1answer
986 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
239 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. ...
2
votes
0answers
134 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
2answers
378 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
2answers
342 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
1
vote
1answer
840 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 , ...
1
vote
1answer
44 views

Gnucash: Change transaction description globally?

I'm running Gnucash 3.8b+(2019-12-29). If there's a way to change a transaction description throughout an account, I can't find it. The internet isn't yielding up any interesting suggestions, either. ...
1
vote
2answers
5k 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
1answer
94 views

How to mitigate price fluctuations between placing a mutual fund sell order and it actually being executed?

Just like many others, my wife and I make use of a DIY investment platform; a company who gives us the ability to buy different types of products (funds, ETFS, stocks, etc.) through a single entity. ...
1
vote
1answer
128 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 ...
1
vote
1answer
310 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?!...
1
vote
2answers
71 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: ...
1
vote
1answer
1k views

How do you reject (dispute) a credit card debit transaction in India?

Have you ever been able to successfully reject (dispute) a transaction on your Indian credit card on the grounds that you did not authorize it? (results in a charge back to the merchant). How do you ...
1
vote
1answer
51 views

How should I handle charges which are one sum when they are pulled from my bank account, but then later change?

I order groceries including some bananas. The store charges my bank account with $150, which shows up as -$150 in my bank account. Some days pass and the delivery takes place. I don't get any bananas ...
1
vote
1answer
70 views

How to calculate annualized rate of return over multiple transactions

The annual rate of return on an investment can be calculated as And the top response to this question suggests that the return on a portfolio of such purchases is simply the weighted average of ...
1
vote
1answer
139 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" (...
1
vote
0answers
45 views

Calculating returns with trading costs

This perhaps is an over simplification of calculating trading returns while including trading costs. I've made some assumptions - the commission for investing and extracting an investment is 1% and 2% ...
1
vote
0answers
29 views

How can I find a RIB code in a SBI passbook?

I want my dad to transfer me money from my country which is Ivory Coast (Cote d'Ivoire) in Africa. So they are asking for a RIB code; I don't know to which details it matches in SBI and I can't find ...
1
vote
1answer
862 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. ...
1
vote
0answers
63 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
0answers
64 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 ...
0
votes
3answers
5k 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 ...