CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
Question

List any three payment tools to use online transactions.


Open in App
Solution

Answer:

There are several tools for making use of online transactions.

  • Debit card
  • Paytm
  • Credit card

Practically, debit cards are plastic cards, I t has a total of 16 digits with a CVV number. After purchasing something in the store, we can make payments or pay cash for any digital purchases using the CVV number of the debit card. The card is linked to your account at the bank. Users should keep the sufficient money in the bank to use a card.

One of the biggest leading payment gateways is Paytm. Using this, we can send money to others or receive money from others or, using the paytm QR code, we can pay cash after purchasing something from the store.

Credit Card is also a card made of plastic. But its specifications are very distinct from debit cards. Where card payments are approved, we can make payment. People are borrowing cash with a credit card to be repaid late. Like debit card it has a particular CVV number.


flag
Suggest Corrections
thumbs-up
10
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Mindfulness
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon