How to pay the bill?

Making a payment is an activity that everyone does without thinking about it on a daily basis, especially since money has no smell! It can be the payment of services, goods or even administrative procedures.

Today we look at the different payment methods available to individuals and professionals. We will not describe the advantages and disadvantages of these financial solutions in detail in this article.

First, we will look at the ancestral and traditional payment methods, then we will list the electronic and modern payment methods.

barter

The exchange of goods or know-how is called “barter”. It represents the first form of commerce. To find goods to trade, prehistoric groups had to travel constantly. Bartering is not always based on an exchange of goods of the same value – you can exchange help for an apple! So, for the sake of convenience, our ancestors switched to commodity money. Thus they pay for their “purchases” of metal pins, bracelets, rings, tools, nails, pots. Don’t think that bartering is no longer relevant today! it is returning to a very popular payment method in alternative and anti-consumerist environments.

Cash

It is the simplest and most used payment method all over the world. This payment method, also called cash payment, has been used by merchants since ancient times. In the modern era, it still remains a favorite of seniors or those unfamiliar with technology. In everyday transactions, people often use this payment method: leisure, market, local merchants, etc.

The first circular coin was invented in Turkey 2600 years ago. At that time, Turkey was called Lydia.

Check

Another commonly used payment method is check. A check can be defined as an order given to a bank to pay the sum indicated on the check from a person’s account to the person whose name is mentioned on the check. Check is considered to be one of the safest methods of payment, as there is no need to carry a large sum of money everywhere. A checkbook is given to a person when they open a bank account. There are different types of checks, such as crossed checks, uncrossed checks, certified checks, certified checks, bank checks

Promissory note

A bill of exchange is a legal document. Contains the order to transfer money to a specific person at a predetermined future date. A promissory note is generally used in international business transactions where two unknown parties are involved in a business transaction.

Free currencies

Free currencies are currencies co-created by all members of a community. The only recognized free currency is Ğ1 (June).

Credit card

They are available in blue card, gold card, visa card, MasterCard and are published by banks or private establishments. It is undoubtedly one of the most used payment methods in the world. Bank cards are very secure and sometimes even offer built-in insurance. They also allow you to obtain loans at unbeatable rates. There are several types:

  • Payment and withdrawal cards
  • Debit and credit cards
  • Cards with systematic authorization
  • Prepaid bank cards
  • Cards associated with revolving credit
  • Dematerialized bank cards

The postal order

This payment method is popular with merchants and merchants who do business by the thousands every day. In this quick payment method, the payer deposits the money in a bank that has a branch in the recipient’s city. Once the money has been deposited by the payer, the payee’s bank is notified by telegraph and asked to make the payment to the payee’s account.

Bank transfer and direct debit

By communicating your bank details (RIB), it is possible to pay different routes thanks to direct debit or bank transfer: purchase of a property, payment of the rent, etc.

Online payment platforms

They allow you not to enter your bank details for each purchase as they are registered directly on the site of the chosen platform (Paypal for example).

Leave a Comment