WIRELESS CHARGING AT A GLANCE: METHODS OF CHARGING(1)

A. Inductive charging

Inductive charging is used for charging mid-sized items such as cell phones, MP3 players and PDAs. Inductive charging uses the electromagnetic field to transfer energy between two objects. A charging station sends energy through inductive coupling to an electrical device, which stores the energy in the batteries. Because there is a small gap between the two coils, inductive charging is one kind of short-distance wireless energy transfer. In inductive charging, an adapter equipped with contact points is attached to the device’s back plate. When the device requires a charge, it is placed on a conductive charging pad, which is plugged into a socket

Advantages:

Inductive charging carries a far lower risk of electrical shock, when compared with conductive charging, because there are no exposed conductors. The ability to fully enclose the charging connection also makes the approach attractive where water impermeability is required; for instance, inductive charging is used for implanted medical devices that require periodic or even constant external power, and for electric hygiene devices, such as toothbrushes and shavers, that are frequently used near or even in water. Inductive charging makes charging mobile devices more convenient; rather than having to connect a power cable, the device can be placed on a charge plate.

Representative APR 391%. Average APR for this type of loans is 391%. Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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