Glossary
What do the technical terms mean
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Payment does not have to be complicated. However, there are technical terms that are often not common.
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Acceptance
Indicates at which shops, petrol stations, restaurants, etc. a credit card is accepted.
The credit card worldwide
Most credit cards can be used worldwide. This applies to payment transactions in business and private life as well as to online money transactions. It is issued by banks in cooperation with the credit card organizations in the case of Mastercard or Visa, or directly by the card company in the case of Diners and American Express. These four companies share almost the entire European credit card market. The name credit card originated from the fact that credit cards often grant credit to the cardholder.
The term credit card
The term credit card is not used uniformly internationally. In German-speaking countries, it is used to refer to genuine credit cards as well as charge cards, daily charge cards, check or debit cards and prepaid cards. In general, only those debit and prepaid cards are considered credit cards that have the acceptance mark of one of the credit card organizations and are therefore accepted wherever payment can also be made with real credit cards and charge cards