When you make a purchase with your Visa card, the process involves several key steps. First, your card details are securely transmitted to the merchant's payment gateway. Then, the gateway sends this information to the acquiring bank, which verifies the transaction's validity. The issuing bank, where you hold your Visa card, is responsible for approving or declining the payment. If approved, the funds are transferred to the merchant's account, and you're billed later. It's a seamless process that combines technology, security, and financial institutions to enable swift and secure transactions.
