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technically its probably a debit transaction since debit is when the money is directly removed form your account and deposited to who ever needs to be paid. by the card and bank companies
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When you add money to your bank account is it debit or credit?
It's a credit. When you take money out - it's a debit.
Can you load a credit card from a debit card?
There's nothing stopping you transferring funds from the account associated with the debit card. However - you cannot transfer more money than you already have in the associated account....
Does debit card build credit?
A debit card is a card that takes money straight out of the bank, however, a credit card lets you borrow money, but you must pay interest. So, a debit card does not build credit.
Points of difference between credit card and debit card?
Of Course you can transfer money from credit card to your debit card.Direct transfer is not available from credit card to bank but you can get money over cash against credit card.It's very simple that you need to swipe your card and get funds in your debit account. Call us: 7299927000 UNIK Solutions
Can you receive a credit on a debit card?
No. If the money in your bank account runs out your debit card will not work.
What are the methods of payment?
cheques,money,credit cards, PayPal,bankcards,giftcards,vouchers,direct debit, standing order, vax,chaps,money transferring order.
What are the types of methods?
cheques,money,credit cards, PayPal,bankcards,giftcards,vouchers,direct debit, standing order, vax,chaps,money transferring order.
Is expense debit or credit?
If revenue (income of money) is a credit, then an expense (outflow of money) is a debit.
What are the types of payment methods?
cheques,money,credit cards, paypal,bankcards,giftcards,vouchers,direct debit, standing order, vax,chaps,money transferring order.
Is utilities expensive debit or credit?
If revenue (income of money) is a credit, then an expense (outflow of money) is a debit.
When you add money to your bank account is it debit or credit?
It's a credit. When you take money out - it's a debit.
Can you load a credit card from a debit card?
There's nothing stopping you transferring funds from the account associated with the debit card. However - you cannot transfer more money than you already have in the associated account....
What is the primary difference between a credit card and debit card?
credit mean were you take money debit is what you give money
What is the primary difference between a credit card and a debit card?
credit mean were you take money debit is what you give money
Is receiving cash as a commission for acting as rental agenting an apartment credit or debit?
A credit, if you were taking money out of an account to pay a commission that would be a debit. So we have learned a credit is-money coming in and a debit is-money going out
In accounting what is the difference between debit and credit?
A debit is an entry showing money you have payed out. A credit is an entry showing money you have received.
What is format of debit note and credit note?
Debit note is money being taken out Credit note is money being brought in
