0
What else can I help you with?
How does the debit credit card swipe machine work?
A debit or credit card swipe machine reads the information on the magnetic stripe of the card when it is swiped. This information includes the card number, expiration date, and security code. The machine then communicates with the bank to verify the card details and process the transaction. If the information is correct and the transaction is approved, the payment is completed.
Can merchants charge a fee for using a debit card?
No. When I operated a business from 2009-2011 in Ontario my debit machine regulations stated very clearly that I was not permitted to surcharge the customer with any minimum transaction or transaction fee.
How do you swipe a debit card?
To swipe a debit card, you insert the card into the card reader with the magnetic stripe facing down and towards the machine. Then, quickly and smoothly slide the card through the reader in one swift motion.
Can I withdraw money from any banks ATM?
Yes if the credit/debit card is suitable for the machine. It should show which cards it takes.
How do you use watan card?
Watan Card is a debit card you can use it through the ATM machine of the bank mention in the envelope of watan card.
A machine is currently recorded in the books of a business with a cost of 10000 and accumulated depreciation of 3000 the machine is sold for 8000 account for disposal?
Accounting Entry: [Debit]Cash 8000 [Debit]Accumulated Depreciation 3000 [Credit] Machine 10000 [Credit]Profit on Sale 1000
Can a debit card be used at any ATM machine?
As long as you have money in your checking account, you are able to use a debit card in an ATM machine. Keep in mind though that you are charge for the transaction.
What are the uses of a debit card machine?
A Visa debit card machine allows one to take payments from Visa credit cards. They are used by businesses to receive payments from customers electronically.
What is the journal entry to book a machine purchased with shares?
debit machine accountcredit share capital account
What happens when you use your debit card at a machine designed to read it?
Money is taken out of the account that the debit card is linked to.
What is the journal entry for wages paid for installtion of machine?
debit installation chargescredit bank
Where does accumulated depreciation go?
Depreciation expense is part of income statement all other expenses are also part of income statement and that's the main purpose of preparing income statement to show all incomes and expenses.
What is a point sale machine?
Point Of Sale (POS) machine is a terminal or part of the checkout process that processes credit or debit cards and finalizes the transaction.
How does the debit credit card swipe machine work?
A debit or credit card swipe machine reads the information on the magnetic stripe of the card when it is swiped. This information includes the card number, expiration date, and security code. The machine then communicates with the bank to verify the card details and process the transaction. If the information is correct and the transaction is approved, the payment is completed.
What is a card guard used for?
A card guard is a system used to help protect users of credit and debit cards to provide extra protection. This is often done to reduce and prevent fraudsters stealing money or personal information. HSBC bank, for example, have card guard systems.
Is ATM a cell phone?
no it means automatic transaction machine. it scans your credit card and takes money out and gives it to u through the machine. it also takes debit cards.
Can merchants charge a fee for using a debit card?
No. When I operated a business from 2009-2011 in Ontario my debit machine regulations stated very clearly that I was not permitted to surcharge the customer with any minimum transaction or transaction fee.
