Difference between debit card and credit card

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Reference no: EM133674420

Questions

1. What are the different types of payment methods available to consumers and merchants?

2. What is the difference between a debit card and a credit card?

3. How do online payment systems like PayPal and Stripe work?

4. What is a wire transfer and when would you use it?

5. What is a mobile payment and how does it work?

6. Can payments be made in multiple currencies?

7. What is the difference between recurring payments and one-time payments?

8. How do payment processors like Visa and Mastercard make money?

9. What is the role of the Automated Clearing House (ACH) in payment processing?

10. What is the impact of payment fraud on the finance industry?

11. What is a point-of-sale (POS) system and how does it process payments?

12. What is a merchant account and how does it differ from a regular bank account?

13. How have payment options changed with the rise of digital and mobile technology?

Reference no: EM133674420

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