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Types of payments Cash (bills and change): Cash is one of the most common ways to pay for purchases.Personal Cheque (US check): These are ordered through the buyer's account.Debit Card: Paying with a debit card takes the money directly out of the buyer's account.Credit Card: Credit cards look like debit cards.

3 Simple Steps To Accept Payment Via Payment Links Generate Your Payment Link. via API or Dashboard with free Reminders. Enter Customer Contact Details. Share link via SMS, Whatsapp, Email and more. Accept Payments. Receive notifications in real time.

Amount should be written both in figures and words. Proper account heads should be debited. Cash account should be credited if the payment is made by cash. Bank account should be credited if the payment is made by cheque (always name of bank must be written).

Payment Options Cash. Checks. Debit cards. Credit cards. Mobile payments. Electronic bank transfers.

The most common payment method is through electronic credit and debit cards. Use of Paywave and other tap-and-go accounts has grown quickly. Most in-store credit card transactions are now contactless. Privacy of payments ? some payment methods are more private than others.

After your customer clicks on the payment link, they are taken to your payment processor's page to enter their card details and make the payment, after which they are redirected to your website. An example of this type of payment gateway is PayPal.

Steps to build a P2P payment app Choose P2P app type. There are several types of peer-to-peer payment apps.Draw up a list of features for your P2P app.Choose the right technology.Provide sufficient security of your app.Regulatory compliance.Create effective design.Find a software development team.Test your app.