Finance Cash Payments Vs Credit Payments: Which Is Better?

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.
 

btaliat

VIP Contributor
I still prefer credit payment to cash payment. Money received through cash payment is going to your bank directly and may prefer you from spending unnecessarily but when it is cash payment, saving of money may not he facilitated. Besides, if the money is much, then you it can get stolen or even missing.
 

Hennie

New member
I use credit payments mostly as I earn lots of extra points on payments made and received, this can be redeemed for cash or can be used for shopping at most stores or to purchase goods or services online.
 

Good luck

Verified member
It is not advisable to be carrying cash up and down.especially when you are using excess cash.It is very risky because it attracts the attention of armed robbers and such cash may be stolen from such person. The best way is to always do credit payment.no matter how much one is paying.it can be done easily without experiencing any form of fear.
 

Yusra3

VIP Contributor
Both cash and credit payments are have the good assets that need to be aware. Paper is straightforward, no debt incurring and budget engagement. Nevertheless, it allows people to avoid paying interest, and it does not require one to share their personal information that credit cards collect. Unlike credit cards, it does not hold any fraud protection and it does not offer any benefits that credit cards grant. Credit is the building block in formom of your credit history when used prudendly and this can be risky if it has delays in payment and most have high interest rates. With large purchases, the credit usage in the course of credit cards outweighs the consumer rights when paying cash. Basically, whether "good" or "bad" is better, is your choice since this question depends on your financial discipline, spending habits, and rewards optimization priorities
 
Top