Good-Guy
VIP Contributor
Payments are obviously one of the most important factors in any kind of business when it comes to funding. We make payments daily when we need to fund our seller. Nowadays there are various methods to pay or get paid when it comes to the field of finance. However, there are two most important kind of payment modes when it comes to paying someone or funding someone. Cash payment refers to payments mode that is used to pay seller using fiat currency notes and credit payments may refer to modes of payments using various kinds of instruments like checks, bonds, certificates, etc. I have always preferred cash payments because you get paid instantly. However, you may sometimes need to consider credit payment mode when the buyer does not have sufficient funds at the moment.