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Transcript

By: Shanaya Jean

start

Different forms of payment

topics

cash

checks

mobile payments

electronic transfers

crypto currency

Prepaid cards

Debit cards

Credit Cards

  • Practically cash
  • No fees
  • You won't spend excessively
  • No interest Rates
  • Limits spending abilities
  • Overdraft
  • Can't build credit
  • Pushes back payments
  • Builds credit
  • Helps with major purchases
  • Collect rewards and points
  • Can lead to extreme debt
  • High interest rates

Credit vs. Debit

debit Cards

credit Cards

Credit cards vs. debit cards

  • No hidden fees
  • Great for budgeting
  • Manages spending
  • No record

Cash payments are still accepted in most industries

CAsh

paying with cash

  • Quicker Payments
  • Financial Security
  • Carry less items on you
  • Not every store accepts
  • Not every phone can do this

Mobile payments

A more recent payment method that makes it easier to pay

contactless payments

checks

They're not used as often as they used to because of technology. Many people use them today to gurantee a payment.

Checks

Prepaid card

It is NOT linked to a bank account. You have to put money on the card before you can spend it.

what is a prepaid card?

Someone who possesses crypto currency can send coins to the seller to anyone on the blockchain

Some corportations allow people to pay with cryptocurrency.

Believe it or not...

Cryptocurrency

electronic transfers

Mainly for large payments or frequent payments. Also used for payments out the country

Electronic Transfers