What does Transactor mean?
Any person, who holds a credit card and is authorized to carry on transactions by using it, is called a transactor. For example, if you withdraw cash from an ATM that is called a credit card transaction and so is called the process when you purchase goods/services using your credit card at a department store.
Because technology plays an important role in today’s financial world, when you purchase goods over the internet and you pay with your credit card that is called an online financial transaction. The most important aspect related to the use of credit cards especially in online transactions, is that you make sure your personal data stays secure always, and that you do not become the victim of a credit card fraud.