Means Of Payment Flashcards
Postal order:
Documents issued by the _____ _____
Post office
Postal order:
The customer pays cash for the _____ of the postal orders needed, plus a small ________ ___ to the post office
. Value
. Service fee
Postal order:
Used for products ordered by ____
Cheque:
Document which _______ to pay the person or bearer the sum of money written on the cheque.
Promise
Cheque:
Payment is made by the _______ bank
Drawers
Credit card:
Banks issue special plastic cards to approved customers that allow the holder to buy goods on ______
Credit
Credit card:
The business supplying goods will get money ______________
Immediatly
Credit card:
The customer only pays at the ___ of the month
End
Debit card:
Banks issue special plastic cards to _________ _______ which allow them to pay for goods with a card rather than ____.
. Account holders
. Cash
EFT:
EFT stands for?
Electronic funds transfer
EFT:
Payment for goods or services is made via the _______.
Internet
EFT:
The ________ __________ of the business or person being paid, are needed to make the transfer.
Banking details
