Different Ways to Pay for Things

Credit Card
1. Pros
  1. You can buy things you can't afford
2. Cons
  1. You have to pay back the money with interest
Debit Card
1. Pros
  1. You can only spend what money is available
  2. It's easy to carry and use
2. Cons
  1. If you spend it all there's no money for bills, etc.
  2. You can't buy things you can't afford at that time
Paypal
1. Pros
  1. Can buy things at anytime online
  2. The money is secure
2. Cons
  1. It takes three days to transfer payment
Bpay
1. Pros
  1. Convenient way to pay your bills from home
  2. Can be used at anytime
2. Cons
  1. Fraud
Cheque
1. Pros
  1. Easy to pay through mail
  2. The money is secure, it can't be stolen
2. Cons
  1. It can only be cashed in during bank hours
Cash
1. Pros
  1. It is accepted anywhere
  2. Can control your spending
2. Cons
  1. If it's lost or stolen, it can't be retrieved
  2. It's hard to carry large amounts
Paypass
1. Pros
  1. It's very quick and easy to use
2. Cons
  1. No pin is required to pay and it is easily stolen
  2. Thieves can repetitively spend the victim's money

Resource summary

	Created by donutspaceship about 9 years ago