One disadvantage of inductive charging is its lower efficiency and increased ohmic (resistive) heating in comparison to direct contact. Implementations using lower frequencies or older drive technologies charge more slowly and generate heat for most portable electronics, [citation needed]; Inductive charging also requires drive electronics and coils that increase manufacturing complexity and cost.

B. Resonance charging

Resonance charging is used for items that require large amounts of power, such as an electric car, robot, vacuum cleaner or laptop computer. In resonance charging, a copper coil attached to a power source is the sending unit. Another coil, attached to the device to be charged, is the receiver. Both coils are tuned to the same electromagnetic frequency, which makes it possible for energy to be transferred from one to the other. The method works over short distances (3-5 meters).

c. Radio charging

Radio charging is used for charging items with small batteries and low power requirements, such as watches, hearing aids, medical implants, cell phones, MP3 players and wireless keyboard and mice. Radio waves are already in use to transmit and receive cellular telephone, television, radio and Wi-Fi signals. Wireless radio charging works similarly. A transmitter, plugged into a socket, generates radio waves. When the receiver attached to the device is set to the same frequency as the transmitter, it will charge the device’s battery.

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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