Credit cards

​Credit card

Revision exercise​

Billie buys a pair of jeans at a shop in Donauzentrum. Billie pays by credit card. Explain how credit card transactions work.​

​Credit card payment

Multiple Select

An acquirer ....

• ....offers payment solutions to merchants.

• ...offers credit cards to customers

• .... makes sure that the merchant receives payment

• ... has access to the customer's bank account

Open Ended

What is the role of a credit card network?

Multiple Select

The issuing bank ...

• provides terminals to merchants

• approves or denies credit card transactions

• pays the amount directly to the merchant's bank account

• gives out credit cards

Multiple Select

Do you need a bank account if you want to apply for a credit card?

• Yes, the credit card invoice is deducted automatically from your bank account

• No, that would be too complicated.

• If you have a prepaid card, a bank account is not required.

Multiple Choice

Adele buys a new Mountainbike for 1.000 euros.

She receives a discount of 30 euros.

How much is the discount in %?

• 30 %

• 3 %

• 0,3 %

• one third

Multiple Choice

Sibille buys a car for € 20.000.

She receives a discount of € 4.000.

How much is the discount in %?

• 20 %

• 5 %

• 4 %

• 2 %