Glossary

Credit Account

Account with a Financial Institution which allows Customer to credit money while entering into Transactions.

How does Credit Account work?

The Issuer creates a revolving account and grants a line of Credit to the Customer. Credit Account allows Customer to buy goods or services in real time while reimbursing the Issuer later. Such Transactions allow to utilise payments faster as an Issuer is paying for the Transaction, whilst Customer undertakes an obligation to repay the Issuer later.

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