Payment

compensationpaymentspayeepaypayment methodcontributionDrawerpaidcompensateddisburse
A payment is the trade of value from one party (such as a person or company) to another for goods, or services, or to fulfill a legal obligation.wikipedia
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Money

monetaryspeciecash
The most common means of payment involve use of money, cheque, or debit, credit or bank transfers. Exchanging involves the use of money, comprising banknotes and coins.
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.

Legal tender

demonetizationdemonetizedtender
In general, the payee is at liberty to determine what method of payment he or she will accept; though normally laws require the payer to accept the country's legal tender up to a prescribed limit.
Legal tender is a medium of payment recognized by a legal system to be valid for meeting a financial obligation.

Surcharge (payment systems)

surcharge
The payee may compromise on a debt, i.e., accept a part payment in full settlement of a debtor's obligation, or may offer a discount, for example, for payment in cash, or for prompt payment, etc. On the other hand, the payee may impose a surcharge, for example, as a late payment fee, or for use of a certain credit card, etc.
A surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card or debit card (but not cash) which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company.

Banknote

paper moneybanknotespaper currency
Exchanging involves the use of money, comprising banknotes and coins.
National banknotes are generally legal tender, meaning that medium of payment is allowed by law or recognized by a legal system to be valid for meeting a financial obligation.

Receipt

receiptspacking slippacking list
A payee is usually obligated to acknowledge payment by producing a receipt to the payer.
A receipt (also known as a bill of parcel, unpacking note, packaging slip, (delivery) docket, shipping list, packing list, packing slip, delivery list, manifest or customer receipt), is a document acknowledging that a person has received money or property in payment following a sale or other transfer of goods or provision of a service.

Invoice

billingbillinvoicing
In trade, payments are frequently preceded by an invoice or bill.
(7) the date on which the supply of goods or services was made or completed or the date on which the payment on account referred to in points (4) and (5) of Article 220 was made, in so far as that date can be determined and differs from the date of issue of the invoice;

Financial transaction

transactiontransactionsfinancial transactions
There are two types of payment methods; exchanging and provisioning.
A financial transaction is an agreement, or communication, carried out between a buyer and a seller to exchange an asset for payment.

Cheque

Checkingcheckchecks
The most common means of payment involve use of money, cheque, or debit, credit or bank transfers. Credit card, debit card, cheque, money transfers, and recurring cash or ACH (Automated Clearing House) disbursements are all electronic payments methods.
The person writing the cheque, known as the drawer, has a transaction banking account (often called a current, cheque, chequing or checking account) where their money is held.

Alternative payments

alternative payment
Alternative Payments
Alternative payments refers to payment methods that are used as an alternative to credit card payments.

Creditor

lendercreditorslenders
A creditor cannot unreasonably refuse to accept a payment, but payment can be refused in some circumstances, for example, on a Sunday or outside banking hours.
Payments received on account

Value (economics)

valueeconomic valuemonetary value
A payment is the trade of value from one party (such as a person or company) to another for goods, or services, or to fulfill a legal obligation.

Party (law)

partypartiesthird party
A payment is the trade of value from one party (such as a person or company) to another for goods, or services, or to fulfill a legal obligation.

Goods

goodeconomic goodcommodity
A payment is the trade of value from one party (such as a person or company) to another for goods, or services, or to fulfill a legal obligation.

Service (economics)

servicesserviceBusiness Services
A payment is the trade of value from one party (such as a person or company) to another for goods, or services, or to fulfill a legal obligation.

Law of obligations

obligationobligationslegal obligation
A payment is the trade of value from one party (such as a person or company) to another for goods, or services, or to fulfill a legal obligation.

Barter

barter economybarteringbarter trade
Barter, the exchange of one good or service for another, is a form of payment.

Direct debit

debitdirect debitsdirect withdrawal
The most common means of payment involve use of money, cheque, or debit, credit or bank transfers.

Credit

consumer creditconsumer lendingconsumer loan
The most common means of payment involve use of money, cheque, or debit, credit or bank transfers.

Wire transfer

bank transfermoney transferInternational payments
The most common means of payment involve use of money, cheque, or debit, credit or bank transfers.

Stock

equitiesequityshares
Payments may also take complicated forms, such as stock issues or the transfer of anything of value or benefit to the parties.

Trade

tradingmercantileexchange
In trade, payments are frequently preceded by an invoice or bill.

Compromise

compromisedcompromisingFlexibility
The payee may compromise on a debt, i.e., accept a part payment in full settlement of a debtor's obligation, or may offer a discount, for example, for payment in cash, or for prompt payment, etc. On the other hand, the payee may impose a surcharge, for example, as a late payment fee, or for use of a certain credit card, etc.

Provision (accounting)

provisionprovisionsprovisioning
There are two types of payment methods; exchanging and provisioning.

Coin

coinsspecieexergue
Exchanging involves the use of money, comprising banknotes and coins.

Credit card

credit cardscreditcredit-card
Credit card, debit card, cheque, money transfers, and recurring cash or ACH (Automated Clearing House) disbursements are all electronic payments methods.