Cash

A cash purchase-sale is an operation where the payment of the products or goods that have been acquired is made at the time of delivery. It is the opposite of buying and selling on credit, where the money is paid after what has been bought has been received, generally in exchange for interest.

All kinds of products that are included in the trade can be bought in cash, and even negotiable shares; in fact, and although they are more common in transactions of low economic value, nothing prevents spot operations from being carried out with objects that maintain high prices. In this regard, it is important to remember that cash payment is not necessarily made in cash, as it can be made by check, debit card or bank transfer, among other alternatives.

Payment methods in cash

• Money in cash.
• Check: document by which the person issuing it gives the order to the bank or financial institution, in which they have deposited funds, to pay the check to a third person.
• Wire transfer: operation by means of which bank account holders can carry out a transfer of funds between two accounts, of the same holder or of two different holders, in the same or in a different bank, in the same location or in a different one.
• Money order: consists of sending money through the postal service of Correos, to be delivered to a beneficiary person. There is a form of money order, called a telegraphic money order, of an urgent type, in which the time that elapses between sending and receiving is a few hours.
• Credit account: consists of the cash deposit of an amount of money, which is made by a payer in the beneficiary's bank account.
• Credit cards: it involves a special contract between the issuer -bank or credit institution- and the merchant by which the former agrees to pay the bills and the latter to accept card payments. The merchant will pay the bank a percentage of the amount of the sale paid by credit card; Meanwhile, the banking entities, quiquenally or monthly, charge in the current account of the cardholder all or part of the payments made in the five-year or previous month, with which, being a form of cash payment, it is deferred to The buyer; likewise, for the seller it is a cash charge.
• Debit cards: through these cards, their holders can make payments for their purchases or dispose of the money from their accounts at ATMs. Unlike credit cards, money withdrawals are immediately debited from the account, being a necessary condition that it has a sufficient balance.

Payment justification: receipt

The receipt is the document issued by the person who collects an amount of money and gives the person who pays as proof that that certain amount has been received. In the matrix - the left part of the complete document, which is torn to deliver the receipt itself - the content of the receipt is written in abbreviated form; likewise, the receipt is delivered signed to the person who pays, while said matrix remains in the possession of the person making the payment as proof of payment.