What does transaction type mean?

Transaction Type means the nature of the fuel transaction. Transaction type is a field in the CFP Online System used to represent how a volume of fuel should be treated in terms of compliance with the clean fuel standards.

What is transaction type in bank?

A bank transaction is any money that moves in or out of your bank account. Types of bank transactions include cash withdrawals or deposits, checks, online payments, debit card charges, wire transfers and loan payments.

What are the 3 main types of bank transactions?

Types of Accounting Transactions based on the Exchange of Cash. Based on the exchange of cash, there are three types of accounting transactions, namely cash transactions, non-cash transactions, and credit transactions.

What is transaction type check?

The "Check" transaction type is intended to record transactions paid by check. The "Check" transaction type will require a transaction to have a negative transaction amount.

What is transaction type code?

Transaction type codes are three-digit codes used to identify the type of transaction, edit criteria used and which general ledger or subsidiary ledger accounts are debited or credited.

Card Transaction Types - SecurionPay Academy

What is transaction type default debit?

To default is to fail to make a payment on a debt by the due date. If this happens with a credit card, creditors might raise interest rates to the default (or penalty rate) or decrease the line of credit.

What are the types of online transaction?

What is account type in ATM?

At an ATM, we are always faced with the option of choosing between a Saving Account or a Current Account. These are two kinds of accounts which have been set up to serve different purposes and address the financial needs of different kind of users.

What are the types of account?

What is transaction type credit?

Credit — This transaction type is used to refund a customer for a transaction that was originally processed and successfully settled through the payment gateway.

What is transaction type in BDO?

In BDO Online Banking, the following financial transactions are available to you: Fund Transfer. Bills Payment. Prepaid Mobile Reload. BDO Cash Card Reload.

What type of transaction is a refund?

Refund: Transfers settled funds from your merchant account to the customer's account. Void: Cancels the transfer of funds from the customer to you before the transaction settles. Detached credit: Allows you to send funds to a customer without the original associated transaction, but is not always available as an option.

What are types of payment?

What type of transaction is PayPal?

PayPal is an online payment platform that offers individuals and businesses low-cost services. In addition to online payments, PayPal also offers a variety of related services including debit cards for payments, credit card readers for small merchants, and lines of credit.

What is transaction type in mutual fund?

Transaction type states the type of transaction you have opted for like purchase, systematic investment (SIP) along with the number of the installment or transfer (STP) or withdrawal (SWP) or switch.

How do I know my account type?

What are 3 types of accounts?

3 Different types of accounts in accounting are Real, Personal and Nominal Account.

What are the 5 types of accounts?

What is online transaction with example?

Online transactions are familiar to most people. Examples include: ATM machine transactions such as deposits, withdrawals, inquiries, and transfers. Supermarket payments with debit or credit cards. Purchase of merchandise over the Internet.

What is a payment transaction?

(1) (for the purposes of FEES 9) an action of transferring funds, initiated by the payer or on its behalf or by the payee, irrespective of any underlying obligations between the payer and the payee.

What is online transaction called?

E-commerce payment system.

Which of the following are standard transaction types?

The five standard types of transaction scripts are pay-to-public-key-hash (P2PKH), public-key, multi-signature (limited to 15 keys), pay-to-script-hash (P2SH), and data output (OP_RETURN), which are described in more detail in the following sections.

What type of transaction is a credit card purchase?

A credit card purchase (sometimes called a sale) is the most common and straightforward transaction type. Wanting to receive payment for a purchase from their customer, a merchant will process a credit card sale.

What does it mean set as default card?

Your Default Card is the Card that will automatically be used for payment when you tap your device at the contactless terminal.