Business Payment Methods

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  • Created by: 13Iless
  • Created on: 06-03-18 09:16
What is cash ?
Cash is money in the physical form of currency
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What is a cheque ?
A cheque or check is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.
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What is a credit card ?
A credit card is a payment card issued to users to enable the cardholder to pay
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What is a debit card ?
A debit card is a plastic payment card that can be used instead of cash when making purchases. It is similar to a credit card, but unlike a credit card, the money comes directly from the user's bank account when performing a transaction.
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What is third party payment ?
A party who is a stranger to a transaction or proceeding between two other persons
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What is direct debit ?
A direct debit or direct withdrawal is a financial transaction in which one person withdraws funds from another person's bank account
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Other cards in this set

Card 2

Front

A cheque or check is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.

Back

What is a cheque ?

Card 3

Front

A credit card is a payment card issued to users to enable the cardholder to pay

Back

Preview of the back of card 3

Card 4

Front

A debit card is a plastic payment card that can be used instead of cash when making purchases. It is similar to a credit card, but unlike a credit card, the money comes directly from the user's bank account when performing a transaction.

Back

Preview of the back of card 4

Card 5

Front

A party who is a stranger to a transaction or proceeding between two other persons

Back

Preview of the back of card 5
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