Immediate/Delayed Settlement
Here there is a time lag between the clearing of the payment and its settlement
There is a time lag between the payer and the intermediary (the bank)
When you pay off your credit card
There is also a lag between the receiver and the intermediary
When the merchant gets paid
The purchaser benefits from the ÅgfloatÅh
The bank charges interest to cover the costs of assuming risk for completing the transaction
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