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Communication. E-Commerce and Outsourcing — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMCommunication. E-Commerce and Outsourcing2 Marks
Question
Give information about Credit Card and Debit Card.
✓

Answer

  • Credit Card or Debit Card:
  • Buyer and seller without coming in personal direct contact can perform business transactions.
  • Both find risk as they are not known to each other.
  • Seller find risk in supplying good before getting and in the same way purchaser also find it risky to make payment before receiving goods.
  • To remove this risk, payment is made through Credit Card/Debit Card.
  • Through this card after having ordered the payment can be stopped within $7$ days.
  • In short Credit and Debit card play important role in e-commerce.

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