Methods of payment

Barter
1. Simple and Oldest way to payment
2. Exchange of one good service for another
Cash
1. Money: Bills and coins
Credit Card
1. Cardholders
  1. Master card
    1. Smart card
    2. Visa card
      1. Stripe card
  2. Promise to pay for things or services
2. Money of the bank
3. Revolving account and grants
  1. We use all over the world
Debit card
1. Cardholders
  1. Own money
    1. Bank Card
    2. Check card
2. We can use in other countries
  1. We allow their use for internet and phone purchases
Check/Cheque
1. Document
  1. Details of the check Monetary Account Date and Payee on the cheque and sings
    1. The person writing the cheque, the drawer
    2. Drawee is the bank
    3. Payee, who is going to received the money
2. Money from bank account
ACH Automated Clearing House
1. Electronic Network for financial transactions
  1. Processes large volumes of credit and debit transactions in batches
    1. Credit transfers include direct deposit, payroll and vendor payments.
PAYPAL
1. Internet payment company
  1. Online money transfers and serves as an electronic alternative
Mobile Payments
1. Mobile handset based payments

Resource summary

	Created by DANIELA Barragán about 7 years ago