'Business Payment Methods Essay\r'

'At this time of building my bank line I need to consider the ways in which I will permit my guests to profits for the books that they buy from my book store. Today in that respect atomic number 18 a wide take off of stipend solutions getable for any vendee of goods and services and to buy books, almost completely modes of payment available can be habituated by the customer whether it is electronically or by rail use of card at the shop or by paying in cash. If the customer is regular and can be trusted or is a regular multitude customer, check payments can also be submited.\r\nIn view of the competitions in the sale of books I flummox to take some element of risk in this forecast in keeping with the business practices. For direct sales at the store a wide choice of payments are available to the customer. He can pay straightaway in cash or by identification or debit card. I believe cash payment has the to the lowest degree hassles applicable as the money has a lready come in the moment a sale is done. In the ase of debit and credit cards a wide perimeter has to be provided for without any applicable discounts since a percentage of the sale amount has to be given to the monetary institutions as deduct of the applicable commission for use of their services.\r\nThe business of electronic payments is growing rapidly in view of the convenience involved and a wide array of payment options are available which are acceptable in the case of my book store. In improver to the tradition card payments other options are also cceptable to me such as office order, online payments, acquiring bank payments and through payment bureaus.\r\nI understand that as languish as a sale is taking place I can accept 2 any of these payment modes provided the financial institution is reputed to make fast payments and is unquestionable for its transparency in fair dealings. In such cases I may have to reduce my margins a little, but that is ok since most busines ses work on volumes and consequently I can make up on the low margins.\r\n'