answersLogoWhite

0

An in-store charge account is like a credit card account. If you qualify, the store will allow you to purchase items on credit. You are then required to make monthly payments to pay off the merchandise you buy. The store makes money by charging interest on the balance owed.

User Avatar

Wiki User

11y ago

What else can I help you with?

Continue Learning about Finance

What are the differences between credit card and cheque?

In the United States giving a store a check for the purchase of products is a direct debit to one's checking account when the store deposits it in their own account and it is sent to your bank. There most be enough money in one's checking account to cover the check or it will bounce. Normally this means your bank will charge you for failing to keep enough funds in your account. The store owner will be notified and they will most likely mail you about the problem. In such a case, my personal advice is to go back to the store and pay them in cash for the product you purchased. With a credit card, it's presented to the store and your credit card company will credit the store and charge the store about 5% for providing them the service. The customer will receive in their monthly bill from the credit card, notice of the charge and charge you interest on the money they have "loaned" you. If the credit card company is correct, you simply pay the minimum monthly balance they ask for. My personal advice is to mail the credit card company the amount of money you charged and avoid an interest charge.


Ryan gray has a balance of 380 on his retail charge card if the store levies a finance charge of 21 percent per year how much monthly interest will be added to his account?

79.80


Have you experienced an unauthorized charge from Delta Airlines on your account?

No, I have not experienced an unauthorized charge from Delta Airlines on my account.


Why did a charge disappear from my bank account?

A charge may disappear from your bank account if it was a temporary authorization that was later reversed by the merchant, or if there was an error in processing the transaction. It could also be due to a refund or a mistake in the initial charge.


Where can you trade in your coins like dimes quarters and that stuff for cash dollar bills would any store do that or where could you do that?

you can take it to your bank, depending on banks they take loose only and some must be rolled and you can only estimate the amount and it could take a week to see credit on your account. they have to count it . you have to deposit it in your account or you can take it to smith or store that have coin counter that will charge you.

Related Questions

Why do you have to pay for a master account for PlayStation network?

There is no charge for a Playstation Network account except the optional PlayStation Plus Account for the Playstation Store free games, discounts, and other bonuses


How you change an account on a i Touch?

Go to Settings app, go to Store, click Log Out, then Log In with a different account. IMPORTANT this will not magically give you music or apps from another iTunes. All it does is if you buy anything from the App Store or iTunes apps it will credit the charge to that account.


What are the differences between credit card and cheque?

In the United States giving a store a check for the purchase of products is a direct debit to one's checking account when the store deposits it in their own account and it is sent to your bank. There most be enough money in one's checking account to cover the check or it will bounce. Normally this means your bank will charge you for failing to keep enough funds in your account. The store owner will be notified and they will most likely mail you about the problem. In such a case, my personal advice is to go back to the store and pay them in cash for the product you purchased. With a credit card, it's presented to the store and your credit card company will credit the store and charge the store about 5% for providing them the service. The customer will receive in their monthly bill from the credit card, notice of the charge and charge you interest on the money they have "loaned" you. If the credit card company is correct, you simply pay the minimum monthly balance they ask for. My personal advice is to mail the credit card company the amount of money you charged and avoid an interest charge.


What is a regular charge account?

Where I regular charge your mom in doing my account lol


Do the apple store charge to the debit card when you are getting album artwork?

Nope, You've just gotta have a iTunes account which is free!


What does AOA means when associate in Kohls store says on PA system?

It means that a customer has opened a kohls charge account at their register.


Ryan gray has a balance of 380 on his retail charge card if the store levies a finance charge of 21 percent per year how much monthly interest will be added to his account?

79.80


Can you continue to charge on charge on store accounts?

Store accounts can be pretty much charged on indefinitely. Provided one pays them off in a timely manner. If one does not, at some point a store will no longer honor a cardholders card because the cardholder has violated the service agreement by not keeping the account current (paying the bill).


How do you store the electric charge?

you can store charge in capacitors.more about it can b learnt in electrostatics


How much is a eBay account?

There is no charge for an eBay account.


Can you go into a store and charge things on your parent's credit card?

No, if you are caught, then you could get arrested. If your parents want you to have access, they will add you to the account and get you your own card.


Have you experienced an unauthorized charge from Delta Airlines on your account?

No, I have not experienced an unauthorized charge from Delta Airlines on my account.