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PAYMENT CHOICES (Credit (Credit is the supply of money now in return
for…
PAYMENT CHOICES
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Electronic Funds
EFTPOS
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EFTPOS is a computerised system in which money is transferred from a consumer's account to the business's account
BPAY
This system uses the telephone or internet to transfer funds from your cheque, savings or credit card account to the account of the business you wish to pay
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Debit Card
With a debit card, you are using your own money, by electronically accessing money already in your account
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Direct Debit
By using direct debit system, you can schedule bill payments from your nominated bank account automatically
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Cheque
A cheque is a written communication ordering your financial institution (bank), to pay a person a specific amount of money. No blank spaces should be left when written
Lay-by
You pay a first deposit at the shop so they put it aside for you, make regular payments over a fixed period of time, take home the goods once fully paid
Book-Up
Book-up is credit provided by a retailer so that you can purchase goods from the store, take them immediately, and pay at a later date