There are many ways by which the payments are made in the business. The most important and vital part of any transaction will be the payment part.
Getting paid through credit cards
The credit card payment method became well established in the United States from the 1990s with the incorporation of EMV chip technology. Another major step was the initiation of a mobile wallet, which began with the Apple application store. It is also known as plastic cash, as it possesses many advantages. The risk of cash management and carrying a lot of cash was made simple by credit cards. However, there are many drawbacks to credit cards. One major drawback of credit cards than payment invoices associated with the check draft is that there will be a transaction fee involved for every transaction. As there was much hacking of data involved, the credit card has become a dubious payment method.