Original Credit Transactions

An original credit transaction is a real-time transfer of funds to a credit card, beneficial for businesses like high risk merchant accounts. In this push transfer, money is sent immediately to the card-holder’s account as a credit. The original credit transaction (OCT) works in conjunction with an account funding transaction (AFT). An AFT is the debit side of the transfer. In this push transfer, money is sent immediately to the card-holder’s account as a credit. The original credit transaction (OCT) works in conjunction with an account funding transaction (AFT). An AFT is the debit side of the transfer.

Who Uses An Original Credit Transaction?

Visa Direct and Mastercard Send uses OCT transactions to quickly send credit transfers, which is especially beneficial for travel merchant account holders. This is a person-to-person payment which can be utilized to pay bills and disburse funds.

Companies who want to have efficient payments to employees, especially on a large scale, can enroll in an original credit transaction service. It’s very useful for transportation drivers such as the Uber model, freelance employers, or other companies that create numerous payouts for people and employees on the platform.