What are the various modes one may adopt to make payment for purchase of a product? Explain. plz answer dis
Answers
There are various mode to payment purchase like.....
1. Credit card
2.at installment
3.by cash
4.by debit card
The various modes one may adopt to make payment for the purchase of a product are as follows;
Credit card
A credit card is a payment card allotted to cardholders to permit them to pay a dealer for goods and services based on the cardholder's consent to the card issuer to repay them for the expenses plus the other accepted charges
Debit card
A debit card also identified as a plastic card or bank card which can be used alternatively of cash when the person is doing shopping.
Cash
Money is any item or valid record that is commonly accepted as cash for goods and services and payment of debts, such as charges, in a particular nation or also used in the context of the socio-economic setting.
Cheque
A cheque is a certificate that directs a bank to pay a particular amount of capital from a person's account to the person in whose name the cheque has been declared.