Payment methods Flashcards
1
Q
Cash
A
Physical currency in coins or notes, used to make smaller, face to face purchases like coffee, milk, short bus ride.
2
Q
Advantages of cash
A
- Convinient for the payer
- instant
- no VAT
- readily accepted
3
Q
Disadvantages of cash
A
- Cannot be used for online purchases
- risk of being stolen
- some places may not take cash
- not as convinient as cards
4
Q
A