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The double payment system refers to a payment mechanism where a buyer makes two separate payments for a single transaction, often for security or compliance reasons. This can occur in various contexts, such as in escrow arrangements or certain financial transactions where one payment acts as a deposit and the second as the final payment. It aims to protect both parties involved by ensuring that the seller receives compensation while the buyer maintains some level of security until the transaction is fully completed.

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3w ago

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Is double payment a scam?

The double payment system is a an internet wealth building system that advertises that they will help you generate an income online.


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The Double Payment System is just another make-money-at-home scam. You are buying an e-book which you then have to try to resell to others to make money. If you want to make money you are going to have to do real work, or become a criminal, like the original sellers of the Double Payment System.


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No, but you could pay double the payment when it is due and not pay the following months payment.


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That is what I am trying to find out


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The banks are pivot of payment system means that they are very important as far as payment is concerned.


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When was BancNet Payment System created?

BancNet Payment System was created on 1994-05-06.


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How does payment system differ from electronic payment system?

A payment system broadly refers to any method that facilitates the transfer of money from one party to another, which can include cash, checks, and electronic means. An electronic payment system, on the other hand, specifically involves digital transactions conducted over the internet or through electronic devices, such as credit card payments, online banking, or mobile wallets. While all electronic payments are part of the payment system, not all payment methods qualify as electronic. The key distinction lies in the medium of transaction – electronic payment systems leverage technology to streamline and automate the payment process.