9336676
Description
Mind Map by Daniel Hickman, updated more than 1 year ago
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Created by Daniel Hickman
about 7 years ago
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Payment Methods
- Cheque
- A manual method of payment where you
must yourself deliver the cheque to the
bank in order to transfer money. Good for
large amounts but not widely available
anymore
- A manual method of payment where you
must yourself deliver the cheque to the
bank in order to transfer money. Good for
large amounts but not widely available
anymore
- Credit Card
- A method of payment where you are paying using money you
do not have therefore creating debt for you. However you
can usually have a free month where no interest is added but
after that it could be an extra 2% to what you borrowed.
- A method of payment where you are paying using money you
do not have therefore creating debt for you. However you
can usually have a free month where no interest is added but
after that it could be an extra 2% to what you borrowed.
- Debit Card
- This method is where you pay using money that you
actually have however debt can still be caused if you
go into minus money and then you are using the
banks
- This method is where you pay using money that you
actually have however debt can still be caused if you
go into minus money and then you are using the
banks
- Direct Credit
- This takes place automatically when one person pays another
electronically and is useful and secure so good for dealing with large
amounts frequently like wages
- This takes place automatically when one person pays another
electronically and is useful and secure so good for dealing with large
amounts frequently like wages
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