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By : Andrea Hairston Penn State Fayette IST 110. Which one should you use? Credit and debit cards. Credit or Debit?. Card used without the hassle of cash. w ithdrawn directly from the bank account. k now exactly how much money is being taken out.
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By : Andrea Hairston Penn State Fayette IST 110 Which one should you use? Credit and debit cards.
Credit or Debit? • Card used without the hassle of cash. • withdrawn directly from the bank account. • know exactly how much money is being taken out. • You are not spending the money you do not have. • Safer than cash itself. • Credit cards purchases goods without the immediate use of cash. • Receives a bill every month. • If not paid, charges will be charged. • Information stored in the card. • Used to pay over time the money.
How the technology works! magnetic strips on the back that processes the transaction being made. Debit card you swipe and then enter a pin. Credit cards you can swipe but requires a signature. transactions are made fast and easy.