(1 point)
Responses
Checks are paper and debit cards are plastic.
Checks are paper and debit cards are plastic.
Debit cards are FDIC insured and checks are not.
Debit cards are FDIC insured and checks are not.
There is a limit on the amount for checks, not debit cards.
There is a limit on the amount for checks, not debit cards.
A debit card is approved electronically while checks are not.
A debit card is approved electronically while checks are not.
1 answer
A debit card is approved electronically while checks are not.
This means that when a business accepts a debit card, the transaction is processed and approved in real-time, reducing the risk of fraud or insufficient funds. In contrast, check payments can take longer to clear and may bounce if there are insufficient funds in the payer's account, increasing the risk for the business.
