The diagram below illustrates the process of payment by credit card. Summarize the information by selecting and reporting the main features, and make comparisons where relevant. Write at least 150 words.

The given diagram depicts how payment by credit card works. Overall, the process contains seven stages, starting with the payment by a consumer using a card and culminating with the payment to a merchant. First of all, the consumer makes the payment to further get a willing product. Subsequently, the merchant requests authorisation via a […]