Growing Business Together
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In today’s age many people do not ever see cash in hand for their sales. An electronic transaction takes place with the use of debit/credit cards. A bleep from their card reader goes to a processing station, who then informs the buyer’s bank that cash needs to be fed into the system, and the processor pushes it to the merchant’s bank.
Yes, I know that is an oversimplification. Except, trade exchanges are not different. Merchant trades to a buyer and makes sure their broker records…Continue
Posted on February 21, 2012 at 1:41pm