COMPUTER APPLICATIONS
E COMMERCE AND E BUSINESS APPLICATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cash payment
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Bank transfer
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Debit Note
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Credit card based methods
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Detailed explanation-1: -What are the three main types of payment options. The three most common types of payment in today’s market are credit cards, debit cards, and cash. Credit and debit card transactions involve fees paid by merchants to the card companies, but they tend to involve larger purchase amounts than cash transactions.
Detailed explanation-2: -With a credit card people can pay online, using chip & PIN, contactless or over the phone. Credit cards can be useful for splitting the cost of higher value purchases but come with the risk of people spending money they don’t have and might struggle to repay.
Detailed explanation-3: -Cash (bills and change): Cash is one of the most common ways to pay for purchases. Personal Cheque (US check): These are ordered through the buyer’s account. Debit Card: Paying with a debit card takes the money directly out of the buyer’s account. Credit Card: Credit cards look like debit cards.