MULTI-PATHS DESKTOP PRESENTATION

Different forms of payment

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By: Shanaya Jean

topics

Credit Cards

Debit cards

cash

mobile payments

checks

Prepaid cards

electronic transfers

crypto currency

Credit vs. Debit

Credit cards vs. debit cards

credit Cards

debit 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

paying with cash

CAsh

Cash payments are still accepted in most industries

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

Mobile payments

contactless payments

A more recent payment method that makes it easier to pay

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

checks

Checks

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

Prepaid card

what is a prepaid card?

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

Cryptocurrency

Believe it or not...

Some corportations allow people to pay with cryptocurrency.

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

electronic transfers

Electronic Transfers

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