Similarity between Debit Cards and Prepaid Cards
Finding similarities between Debit Cards and Prepaid Cards
Debit cards and prepaid cards have a similarity in that both allow individuals to make purchases using their own money without having to carry cash. With both types of cards, the funds are deducted from the individual's own account or balance instead of being billed through a credit card company.
Another similarity is that both debit cards and prepaid cards can be used for online purchases and at retail locations where card payments are accepted.
Which of the following is a similarity between debit cards and prepaid cards?Final answer:
Similar to prepaid cards, debit cards enable users to make transactions with their own money without carrying cash.