Each involves knowing the receiving party’s email. The most popular ways to send money to someone else for free are with PayPal, Venmo, and the CashApp. This is needed to give the buyer proof of the purchase in case of the need to prove their ownership at a later time. Once the cash is in-hand the seller should issue a receipt stating the item purchased and the amount. Step 3 – After Exchange, the Receipt is Issued If the seller is providing a service and, depending on the situation, the funds will be transferred before or after the service is provided. If there is a cash transaction the buyer will be obligated to bring the funds and the seller should bring the product. Step 2 – Seller provides the Goods/Services, Buyer brings the Cash If it’s immediate the transaction can occur instantly. If the buyer is purchasing a product or service the price should be agreed on and when the transaction should take place. The first (1st) step is establishing the deal between the buyer and seller. Currently, people can still use cash or take advantage of websites and mobile apps that allow sending money electronically and for free. The main benefit of paying in cash is that there is no fee. When accepting a cash payment it’s important for the transfer of goods or services to occur at the same time (if applicable).
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