Moneris Go Tap to Pay on iPhone - Transactions

Transactions for Tap to Pay on iPhone

A financial transaction involves the transfer of funds between a cardholder's account and your own business account. For example, a credit Purchase transaction moves funds from the credit cardholder's account to your business account. A debit Refund transaction moves funds from your business account to the debit cardholder's chequing or savings account. The Moneris Go app can securely process a variety of financial transactions on debit cards and credit cards.

NOTE: Funds are not moved immediately. They are moved after your batch is closed and settled. For more information about closing your batch, see End of day process.

• Purchase Transaction