Questions tagged [transaction]
88 questions
91
votes
16 answers
How do people know if there are sufficient funds available when accepting payment by check?
I don't know a lot about paper checks because I have never seen one, and I don't live in America.
Suppose person A gives person B a check for $100,000 in payment for something in a shop. How can B be sure that A has enough money in the bank account…
Artem
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13 answers
How can a client pay me for freelance work if I don't want him to know my name and he is uncomfortable using bitcoin?
I've been contacted on a specialized Internet forum and offered a well-paid one-off job to translate a highly specialized text, and I'm happy to accept the offer, but there's a problem: I have always posted on that forum under an anonymous nickname…
Sandra
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25
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3 answers
What does "buyer is maker" mean?
What do "buyer is maker" and "buyer is not maker" mean? If a trade happens where the "buyer is maker", does that mean that the trade happened as buyer bought a share?
I am asking this because at Binance, there is a tag isBuyerMaker describing a…
StatsNoob
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23
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4 answers
Do businesses save their customers' credit card information until the payment is finalized?
Paying by credit card is sometimes a multi-step process. In some of those cases, only the initial authorization is made at the point of sale; the finalized transactions are usually entered as a batch at the end of each business day.
In the United…
tparker
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21
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7 answers
Why would a loan company deposit a small amount into my account and require I send it back?
Why would a loan company deposit a small amount of money into your account to verify if you are honest about repaying the loan you’re asking for?
They want to deposit a small amount into my account, and then I have to return that money, and they say…
user120367
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19
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9 answers
What is an escrow and how does it work? Practical example
I cannot understand the concept of escrow.
Wikipedia provides the following example:
Escrow generally refers to money held by a third party on behalf of
transacting parties. It is mostly used regarding the purchase of
shares of a company. It is…
robertspierre
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16
votes
3 answers
Why would a restaurant offer a very large cash discount?
I understand that in many cases, merchants would put surcharges on credit card purchases, or offer cash discounts, in order to pay for transaction fees charged by Visa, etc.
However, a restaurant I go to rather often recently started offering a very…
ithisa
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16
votes
1 answer
Tax implications of loyalty card discounts
A retail loyalty card provides shoppers discounted prices in exchange for the right to track their purchases and build a customer profile.
(I'll stipulate that, in practice, these discounts are a non-event for income tax purposes because…
Adrian McCarthy
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15
votes
4 answers
How to delete multiple transactions at once in GnuCash?
How can I delete multiple transactions in a batch in GnuCash?
My specific use-case is that I am treating each year as a standalone gnucash file. I start with a copy of the previous year and import the current year transactions into it in order to…
User
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15
votes
7 answers
Why don't banks allow more control over credit/debit card charges?
Why don't most banks have a system where, when you charge something on your credit or debit card, you then have to log into the bank and approve the transfer of funds? Alternatively, why don't they offer 2-step verification via sms for all…
tklodd
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13
votes
1 answer
How is double-spending prevented in traditional banking?
I have been getting familiar with crypto currencies and, in particular, with the double spending problem. This has brought up the question of how double-spending is prevented and controlled in traditional banking.
When a transaction occurs from an…
fons
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11
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3 answers
How do people/companies buy/sell very large amounts of stock?
I use Sharebuilder for buying and selling stock. Since I'm still only starting out, I don't have a lot in there (no more than a couple thousand), and my purchases have never been for more than a couple hundred dollars at a time. I've always been…
Paul Kroon
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10
votes
4 answers
When bookkeeping, which transaction date should I use from my bank statement?
When reconciling my bookkeeping with my bank statement, should I use the date the transaction occurred or the date the bank processed the transaction?
Also, which date should I use when transferring money from one bank account to another? The…
Mark Northrop
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9
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2 answers
Why does a no-load fund have transaction fees? Isn't that a contradiction?
According to Scottrade's website, the T. Rowe Price Retirement funds are "No-load" but at the same time "Transaction fees apply". I thought the whole idea of No-load funds was not having any transaction fees. Is this a contradiction? I suspect that…
Christopher Bottoms
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8
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5 answers
Is there a way to bypass POS Credit Card processing fees?
Summary: If you have a shop and you accept Credit/Debit cards like Visa, Mastercard, Maestro, American Express, etc., you have to pay a fee. Is there any way to keep accepting those cards without paying the fees?
I went to the shop and I bought an…
Francesco Mantovani
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