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> As a seller I know that if a Visa payment clears I'll be getting that money, even if the customer doesn't have it. But it's the issuer, not the network, that
by dlubarov 9y ago
> As a seller I know that if a Visa payment clears I'll be getting that money, even if the customer doesn't have it.
But it's the issuer, not the network, that bears that credit risk. When a cardholder defaults, the issuer takes the loss.
- omarchowdhury 9y agoThe issuers ARE the network. Visa is a network of banks.
- dlubarov 9y agoNo, it's an independent company which has relationships with many issuers and many merchants.