Here’s all about cash back debit transaction and how it works. The in and out of this transaction explained for your use.
The best example for Cashback debit transaction; when you purchase $100 in a supermarket (for example, wall-mart) using Debit card, the supermarket offers you $10 cashback. That means a $10 amount credits to your account by a Merchant.
Cashback transaction
You’re a software developer, and you work for a Credit/Debit card processing company. It is for you to understand the flow.
Sale transaction
It works in two steps. The first transaction is a sale. During this transaction, an amount of $100 deducts from the cardholder’s account.
Cashback transaction
Merchant initiates a cashback transaction for $10. During this, $10 amount deposits to the Cardholder account. See the flow here.
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