Different Ways to Pay for Things

donutspaceship
Mind Map by donutspaceship, updated more than 1 year ago
donutspaceship
Created by donutspaceship almost 5 years ago
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This is a detailed mindmap about the ways people can pay for goods
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Resource summary

Different Ways to Pay for Things
1 Credit Card
1.1 Pros
1.1.1 You can buy things you can't afford
1.2 Cons
1.2.1 You have to pay back the money with interest
2 Debit Card
2.1 Pros
2.1.1 You can only spend what money is available
2.1.2 It's easy to carry and use
2.2 Cons
2.2.1 If you spend it all there's no money for bills, etc.
2.2.2 You can't buy things you can't afford at that time
3 Paypal
3.1 Pros
3.1.1 Can buy things at anytime online
3.1.2 The money is secure
3.2 Cons
3.2.1 It takes three days to transfer payment
4 Bpay
4.1 Pros
4.1.1 Convenient way to pay your bills from home
4.1.2 Can be used at anytime
4.2 Cons
4.2.1 Fraud
5 Cheque
5.1 Pros
5.1.1 Easy to pay through mail
5.1.2 The money is secure, it can't be stolen
5.2 Cons
5.2.1 It can only be cashed in during bank hours
6 Cash
6.1 Pros
6.1.1 It is accepted anywhere
6.1.2 Can control your spending
6.2 Cons
6.2.1 If it's lost or stolen, it can't be retrieved
6.2.2 It's hard to carry large amounts
7 Paypass
7.1 Pros
7.1.1 It's very quick and easy to use
7.2 Cons
7.2.1 No pin is required to pay and it is easily stolen
7.2.2 Thieves can repetitively spend the victim's money
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