Methods of payment

Methods of payment

1. Barter

   • Simple and Oldest way to payment
   • Exchange of one good service for another

2. Cash

   • Money: Bills and coins

3. Credit Card

   • Cardholders
     • Master card
       • Smart card
       • Visa card
         • Stripe card
     • Promise to pay for things or services
   • Money of the bank
   • Revolving account and grants
     • We use all over the world

4. Debit card

   • Cardholders
     • Own money
       • Bank Card
       • Check card
   • We can use in other countries
     • We allow their use for internet and phone purchases

5. Check/Cheque

   • Document
     • Details of the check Monetary Account Date and Payee on the cheque and sings
       • The person writing the cheque, the drawer
       • Drawee is the bank
       • Payee, who is going to received the money
   • Money from bank account

6. ACH Automated Clearing House

   • Electronic Network for financial transactions
     • Processes large volumes of credit and debit transactions in batches
       • Credit transfers include direct deposit, payroll and vendor payments.

7. PAYPAL

   • Internet payment company
     • Online money transfers and serves as an electronic alternative

8. Mobile Payments

   • Mobile handset based payments

Bilder und Dateien der Mindmap