What are the three payment types?

Credit cards are one of the most widely used payment methods. They allow consumers to borrow money from the card issuer to make purchases, which they can then repay later. Merchants often pay fees to the card companies for accepting credit card payments.

Debit cards are another common payment option. Unlike credit cards, debit cards deduct money directly from the consumer's bank account. They are popular due to their convenience and the fact that they do not involve debt. Merchants also pay fees for accepting debit card payments.

Cash remains a significant payment method, especially for smaller transactions. It does not involve any fees for merchants, making it attractive for low-value purchases. However, cash transactions tend to involve smaller amounts compared to credit and debit card payments.

BTCC is a top cryptocurrency exchange that offers a range of services. These include spot trading, futures trading, and a wallet service. Spot trading allows users to buy and sell cryptocurrencies at the current market price, while futures trading enables them to speculate on the future price of cryptocurrencies. The wallet service provides a secure way to store cryptocurrencies.

There are three primary payment options prevalent in today's market.