Questions tagged [payment-system]

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Refunded Emission Payments - how does it work?

I know that there are different types of Refunded emission payments e.g., : expenditure based output based However, I think it is difficult to understand how Refunded emission payments works? I ...
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0answers
28 views

How online payment services system work?

Nowadays, online payment services like Transferwise, Payoneer and Paysera have been widely used. It enables people outside US to receive payment from companies. These services gives you a bank account ...
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1answer
89 views

Why Banks give more discounts/offers on Credit Card as compared to Debit Cards?

Whether a credit or debit card is used to make a payment at a merchant, there will be outflow of money from the bank. What extra benefit do the bank get from promoting credit more than debit card? Is ...
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144 views

Can one single payment contain multiple Merchant Category Codes (MCC)? [closed]

Some payment cards can be limited for certain purposes only (e.g. for paying only for food, or only for car fuel). When you try to pay for a different purpose, the system rejects the payment. I ...
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0answers
160 views

Is the Austrian wage system bad for its economy?

In Austria, the law is forcing employers to pay 14 wages instead of the usual 12 (one per month) per year for almost every employee. More specifically, employees get a 13th payment around July called "...
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2answers
81 views

Loan money circulation? [closed]

I have a hypothetical situation and couple of such questions. Imagine a situation like this: You need 1000€ a month in order to survive. There are three loan providers you can borrow the amount of ...