PayTechTalk 38 – How does payment by credit card work?

Payment by credit card is becoming a popular method of payment in Germany. Around five percent of all payments are today conducted this way. However, many people only have a very faint idea – if any at all – about how payment with a credit card works from a legal perspective. Matthäus recently published a detailed blog entry along with an infographic on the topic of credit card payments.

However, as some people prefer listening to reading, I have got together with Matthäus for another episode of PayTechTalk. So, for those of you interested in finding out exactly what a credit card is, who is involved in credit card payments and how a card payment transaction is processed from a legal perspective, enjoy this informative and exciting (roughly) half an hour chat between Matthäus and myself.

Have fun with PayTechTalk 38!

Further information and links:

• Blog entry: “How does a credit card payment work?”: https://paytechlaw.com/en/credit-card-payment/
• Infographic: “Who? How? What? Credit card payments”: https://paytechlaw.com/en/portfolio-item/credit-card-payments/
• Notice from the German Federal Bank: “Cash remains the most popular method of payment”: https://www.bundesbank.de/en/tasks/topics/cash-remains-the-most-favoured-means-of-payment-667578

The original podcast is in German

Cover picture: Copyright © PayTechLaw