Payment using plastic payment card

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Currently, many entrepreneurs who have a cash register may have to have a payment terminal. In today's publication we will mention . Concept of Cashless Payments Cashless payments are the electronic transfer of funds between bank accounts. The concept of cashless payment includes transfer to bank account, online payment using payment card, , payment – ​​using mobile applications on your phone.

As you can see, there are many ways to make cashless payments. Entrepreneurs must remember the rules that apply when settling transaction liabilities above. Such payments between business operators must be made using a payment account, such as a bank account or an account at a philippines photo editor cooperative savings and credit union. Payments made using so-called indirect mechanisms for example payments by card or through online platforms such as.



Or other electronic payment systems. Consumer Payments A natural person who does not operate a business is usually called a consumer. If an entrepreneur conducts direct transactions with consumers, he or she must remember that he or she can no longer impose payment methods on consumers. The buyer decides in what form the payment will be made cash or non-cash.