Business

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Advantages of paying by cash
Less likely to get into debt, instant payment.
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Disadvantags of paying by cash
Cash is easier to steal or lose, has to be done face to face and possibility of being short changed.
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Disadvantages to the business accepting cash
Less secure to keep on premises, administration costs with cashing up at the end of the day.
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Advantages of paying by debit card
More secure than carrying cash, can purchase by phone or the internet, no risk of being short changed.
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Advantages of the business accepting debit card
Can check for sufficient funds, easier to cash up at the end of the day.
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Disadvantages of paying by debit card
Cards can get lost/stolen, easier to get into debt.
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Disadvantages of business accepting debiit card
Cost for the machine, there can be a delay of 3 days.
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Advantages of paying by credit card
More secure, can buy now and pay later.
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Advantages of business accepting credit card
More secure on premises, less admin time needed.
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Disadvantages of paying by credit card
High interest rates, annual fees, easier to get in debt if you're living in your overdraft.
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Advantages of paying by direct debit
Regular payment, no need to go to the bank.
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Advantages of business accepting direct debit
Guranteed payment.
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Disadvantages of using direct debit
Less visible than cash, buyer can dictate the payment
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Other cards in this set

Card 2

Front

Disadvantags of paying by cash

Back

Cash is easier to steal or lose, has to be done face to face and possibility of being short changed.

Card 3

Front

Disadvantages to the business accepting cash

Back

Preview of the front of card 3

Card 4

Front

Advantages of paying by debit card

Back

Preview of the front of card 4

Card 5

Front

Advantages of the business accepting debit card

Back

Preview of the front of card 5
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