Which statement defines a push payment?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $9.99Unlock all

Prepare for the Stripe Fundamentals Exam. Use flashcards and multiple-choice questions with explanations to maximize your score. Explore essential concepts and hone your skills for a successful exam experience.

Multiple Choice

Which statement defines a push payment?

Explanation:
Push payments are initiated by the payer. The customer tells their bank to send money to the recipient, so funds move from the customer’s account to the merchant’s account without the merchant pulling them. This is what defines a push payment. The other ideas describe different initiation roles—having the merchant pull funds, the card network starting the transfer, or the issuer extending credit—which aren’t how a push payment works.

Push payments are initiated by the payer. The customer tells their bank to send money to the recipient, so funds move from the customer’s account to the merchant’s account without the merchant pulling them. This is what defines a push payment. The other ideas describe different initiation roles—having the merchant pull funds, the card network starting the transfer, or the issuer extending credit—which aren’t how a push payment works.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy