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Which of the following payment types require you to pay upfront?

(i) Money orders and credit cards.

(ii) Money orders and pre-paid cards.

(iii) Merchant cards and credit cards.

(iv) Merchant cards and pre-paid cards.

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The Correct Answer for Which of the following payment types require you to pay upfront?

Payment is one aspect of a transaction that makes transactions possible. Describes a payment scenario when one party legally pays another party the money it owes for certain products or services.

Answer and explanation:

The correct answer is (2) Remittances and prepaid cards

The term “Advance” means advance payment. In the case of a money order, the person pays the money or signs the personal check in advance. In contrast, prepaid cards are called prepaid cards by any means of using this card.
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