wiz-icon
MyQuestionIcon
MyQuestionIcon
5
You visited us 5 times! Enjoying our articles? Unlock Full Access!
Question

There can be different alternatives for receiving payments for a Mail Order House. They are _______.

A
full payment in advance
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Value Payable Post (VPP)
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
the goods may be sent through a bank
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
All of the above
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D All of the above
A card not present transaction (CNP, MO/TO, Mail Order/ Telephone Order, MOTOEC) is a payment card transaction made where the cardholder does not or cannot physically present the card for a merchant's visual examination at the time that an order is given and payment effected.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Types of Bank Accounts
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon