1. Risiko Akzeptanz Zahlungszeitpunkt VerkäuferVerkäufer KäuferKäufer Akzeptanzkurve

2. Credit Card Clearing BuyerSeller Issuer/Acquirer Three Party System Settlement and Payment Service Charge Card Fees Convenience and Credit

3. Credit Card Clearing BuyerSeller IssuerAcquirer Four Party System Settlement and Payment Service Charge Interchange Fee Risk Sharing Card Fees Convenience and Credit

4. Credit Card Clearing BuyerSeller IssuerAcquirer Six Party System Settlement and Payment Service Charge Interchange Fee Risk Sharing Card Fees Convenience and Credit PaymentGatewayAuthorisationHost

5. 2. seller delivers to the buyer... 3. Clearing Center invoices the buyer and collects the money 4. Clearing Center pays the bill within 30 days to the seller Clearing Procedure 1. buyer identifies himself and gets permission to buy (2 sec.) Buyer... and confirms delivery to Clearing Center SellerShop ClearingCenter