ACCOUNTING I Dersi Receivables soru detayı:
SORU:
What are the differences and similarities between the working of debit cards and credit cards?
CEVAP:
The working of debit cards is slightly different than the working of credit cards. Using a debit card is similar to paying with cash, except that the customers will not have to carry cash with them. When debit card is swapped by retailer at the point of sale terminal (POS) or cash counter, the bank balance of the customer is automatically reduced and the amount is transferred to retailer’s account. Hence there is no third party involve in debit card transaction.