does the only reason to use credit card instead of credit transfer for immediate internet purchase is that in case of credit transfer we need payee's account number kinda details?many people say that there is risk of theft using credit transfers so is it possible to reduce this risk using credit cards?
Ask the Tutor ACCA FA
credit transfer
6y ago#1There is no reason why using credit cards for internet purchases should be any more or less risky then a direct bank transfer.
The main reason for using credit cards is that the transaction is instant. A credit transfer takes a lot longer (especially if it is to another country).
However none of this is relevant for Paper FA.
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