Shulou(Shulou.com)05/31 Report--

Audio commentary

Hello, everyone. The meeting will answer your questions. Can debit cards buy mobile phones by stages? can debit cards buy mobile phones by stages? many people don't know this yet. Now let's take a look at it.

Answer:

1. Debit cards cannot purchase mobile phones by installments; debit cards do not have the function of installment payment and cannot be overdrawn; if users want the installment function, they can apply for credit cards; debit cards are divided into transfer cards, special cards and stored value cards according to their different functions; debit cards are bank cards issued by card-issuing banks to cardholders. If there is no credit line, the cardholder deposits before using it.

2. The difference between debit card and credit card:

3. Credit cards are special carrier cards issued by commercial banks to individuals and units, which can be used to purchase, consume and deposit cash from special units, and have consumer credit. It is in the form of a card with name, expiration date, number and cardholder's name printed on the front and magnetic stripe and signature on the back. Debit cards are called transfer cards in MasterCard and Visa Financial Cards in Visa. It is a payment tool that connects to a real-time deposit account. The cardholder must open a real-time deposit account with the card issuing bank at the same time. Credit cards can be used to spend money first, and then return the money to the bank when the account runs out of money within a certain period of time. Debit cards can be transferred, consumed and withdrawn through online banking, POS or ATM machines, and cannot be overdrawn. You must save before you spend, and use as much as you want. When the merchant consumes the POS machine, there is no need to pay any fees other than the price of the goods or services; the amount in the card is calculated and paid according to the demand deposit, and the funds are withdrawn directly from the savings account when consuming or withdrawing money. Like credit cards, debit cards are bank cards based on ISO 7810.

This is the end of this article. I hope it will be helpful to all of you.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.