Payment Methods (Grade 10 NSC Matric Tourism): Quizzes

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Payment Methods
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What happens at an ATM if you enter your PIN incorrectly three times?

The machine keeps your card

Which payment method is most widely used in the tourism industry?

Credit cards

What is the key difference between debit and credit cards?

Debit cards use money already in account

What advantage do internet payments offer tourists?

Secure bookings before travel

What are speed point machines most commonly used by in South Africa?

Retailers

Why are bank-guaranteed cheques more secure than personal cheques?

The bank guarantees payment

What does EFT stand for in relation to debit card payments?

Electronic Funds Transfer

What is a major advantage of ATMs for tourists?

Round-the-clock availability

How do portable speed point machines reduce risk?

Customer keeps card in sight

What do cell phone payments require to work?

Cell phone reception

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