ways to pay

Question 1

what are the 6 payment methodes?

Answer 1

.cash
.cheques
.credit cards
.debit cards
.credit transfer
.e-cheques

Question 2

cash

Answer 2

.most common
.when used transaction is immediatley
.transaction is easier and quick

Question 3

cheques

Answer 3

.a detailed writen account on money
.traced and safer
.takes on avarage 3 business days

Question 4

credit card

Answer 4

.allows to borrow money
.safer because it uses microchip
.satement sent every month which has been spent and needs to be paid
.useful for businesses that don’t have enough money
.has interest and needs to be paid

Question 5

credit transfer

Answer 5

.allows money to move from one account to another
.one off payment or can be regular payment
.can be transfered in many currency
.can take time to process unless you use fees

Question 5

direct debit

Answer 5

.disccounts often given
.custumers have to pay each month
.amount money being transfered often changes
.customers are told the change amount

Question 6

e-cheques

Answer 6

.payments over internet from one account to another
.comes straight
.takes 7-10 days to get product