Right now if there is an easy source to pay online then, of course, that is Credit and Debit Cards. If you go a decade back in time then, of course, no one would have ever realized that making online payments would be this much easier. But now there is a not a single store where you will not see the use of Credit or Debit card. No doubt that there are several other services as well for online transfers like ACE Money Transfer, but these cards are the easiest and quick ones.
Difference between Credit and Debit cards
Now there are people who are unaware of the difference between credit and debit cards. First of all credit card is a type of card that uses money from the bank in the form a loan. And once that limit is about to complete then the bank will send you a notification letter at the end of the month in order to tell you to pay the bill in order to keep using the service of a credit card. As for businessmen bank usually, provide them with 2 or 3 credit cards based on their bank balance.
How to Use Them?
But when it comes for the debit card then you will be paying up the money from your bank account, and once your account is emptied then you will be unable to use that card anymore unless you recharge your account with more cash. Using these cards are really easy, as wherever you go you will be provided with a small machine where you just need to swipe your card and enter the amount in it, and your bill will be paid automatically. But with a debit card, if you need physical cash then there is a machine named ATM where you can also get the cash in the form of bills.