Payment methods Flashcards by fin gordon | Brainscape

Q

Cash

A

Physical currency in coins or notes, used to make smaller, face to face purchases like coffee, milk, short bus ride.

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Q

Advantages of cash

A

Convinient for the payer
instant
no VAT
readily accepted

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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

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Q

A

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