Payment Methods

Credit Cards

• A small plastic card issued by a financial company.
• Magnetic strip on the back.
• When swiped through a card reader, the owner of the card is borrowing money from the financial company.
• Purchases can also be made on the internet by inputting the credit card information.

Debit Cards

• A small plastic card issued by a financial company.
• Magnetic strip on the back.
• When swiped through a card reader and a Personal Identification Number (PIN) is enter, the owner of the card is transferring funds from the owner’s bank account.

On-line Banking

• A type of on-line payment.
• A process of using the internet to make a payment.
• The account owner is required to input secure information.
• By accessing the owner’s bank account, the money will be withdrawn out of the account for payment.

Cash

• Bills or coins that can be used to purchase items.
• Can be lost or stolen and can not be replaced.
• Must obtain a receipt for proof of purchase.