The disadvantages include the fee that you must pay at the end of each month, with a daily compounded interest. Another problem is that some places charge more when using credit cards or debit cards instead of money or checks. Credit can be lost or stolen, and then used for identity theft, without the owner's knowledge.
The major risks of paying credit card bills online is that your credit card information could be intercepted by thieves if the web site you are dealing with is not secure. Also if you pay your bills online the site you are dealing with could be hacked and you information gotten that way.
The biggest danger - is being coerced into using a site that LOOKS genuine - but it in fact a phishing site bent on capturing your account & security details. You should ONLY EVER use web-sites you KNOW are genuine, and NEVER give out any security info unless you can trust the site absolutely.
Remember - genuine sites will NEVER ask for your personal details, or security information by email. If they need to confirm any account information, they will ALWAYS contact you by letter - bearing their official logo.
You have to pay it back with interest so basically paying more for the item so you can pay for it later
Somebody might hack it and take all your money
There are slight risks with making credit card payments online as your details could be stolen and then abused elsewhere. It is important to ensure that the correct precautions are taken.
Debit Purchases Credit Cash
Credit purchases are shown in income statement as a part of total purchases.
credit purchases are goods that you buy on credit and and pay little by little to pay to the person you owen.
[Debit] Purchases account [Credit] Accounts Payable
credit sales are sales you have made on credit, so they still owe you the money for that item. credit purchases are things you have purchased from your suppliers on credit and therefore you owe the money for
Purchases are personal account nature and as a basic accounting rule debit what comes in and credit what goes out so purchases has debit balance as normal balance.
Businesses are free to add a surcharge for purchases made by credit or debit cards.
[Debit] Purchases [Credit] Accounts payable
No, free iTunes purchases will never appear on your credit card bill.
Debit Purchases and Credit Supplier.
Yes.Most purchases are on credit and are therefore current liabilities
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