answersLogoWhite

0

Credit cards and debit cards fall under this payment system. The term 'plastic money' comes from the fact that these cards are made of plastic and they function as cash substitutes in financial transactions.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Did the silk road have a money system?

over time the payment methods changed, varying from silk as a monetary form of payment to paper money


What condition is necessary for fiat money system to work?

The government must control the money payment.


Which companies offer a convenient online payment system?

There are many companies that offer a convenient online payment system. Well known ones, such as PayPal and Skrill are widely used. Some banks also offer online banking facilities to either transfer directly, or email your money.


What is a kenning for money?

payment system pocket-jingle pieces of eight


Can I get free money for a down payment on a house?

Pay off your plastic. Paying bills is not fun, but it definitely will help in your hunt for down-payment money. ... Ladder CDs to boost savings. ... Use special programs. ... Tap your IRA. ... Borrow from your 401(k).


What is the homphone for payment of money?

A homophone that means to bring a stop, payment of money


What is a bacs payment?

Bankers Automated Clearing System a transfer of money electronically from one bank to another without a cheque or postal system.


What is the homophone of a payment of money?

check, cheque


Is anyone using double payment system?

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.


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.


What's the best loan payment calculator?

This loan payment calculator at http://www.moneymanager.com.au/money/tools-and-guides/calculators/home-loan-repayments is a well known and very trusted.


How money work?

Money is a form of payment