34.50
3.26
$100.00
2740.00
Yes
Similar to a bank account balance. If you have a positive balance of received money it will show here. If you are just a buyer you mostly have a zero balance as when you buy things your balance is used first.
You would be required to pay interest on a loan or credit card balance when you do not pay off the full amount owed by the due date.
It's called minimum payment for a reason.. and that reason is that you don't have to pay you're full balance.. but you have to pay the minimum payment. NOTHING LESS
If you only pay the minimum payments you don't make a huge impact on the principle balance, if at all. This means that you will continue to owe money since most of the payments are going towards interest and not paying down your balance.
Paying only the minimum due on your credit card balance maximizes the amount of interest you will pay to the credit card company. This is why it is better to pay as much of your balance as you can each billing cycle - it saves you money by reducing the amount of interest you pay. Also, depending on the terms of your credit card agreement, paying the minimum can actually make your principal balance increase. The minimum payment may not cover the amount of interest due.
Pay Pal is used in Europe.
If you mean making only the minimum payment required, it is bad because you are going to be paying a very high rate of interest on the remaining balance. If you pay the entire balance each month, you are spending your money on goods and services. If you leave a balance, you are spending a lot of your money on interest. That's good for the bank and bad for you.