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Payments can be made through the following ways: Payments by cash: Coins and banknotes or currencies are usually referred to as legal tender, they are used to for making payments for goods bought or services rendered. Payments by bank draft: Bank draft can be used to make payments or settle debts.
The payment procedure is the final step in the procurement process which begins in the Department of Procurement Services. Procurement Services obtains prices by means of quotes either formally or by phone depending upon amount of order, urgency or delivery, etc.
Payments can be made through the following ways: Payments by cash: Coins and banknotes or currencies are usually referred to as legal tender, they are used to for making payments for goods bought or services rendered. Payments by bank draft: Bank draft can be used to make payments or settle debts.
payment method. The way that a buyer chooses to compensate the seller of a good or service that is also acceptable to the seller. Typical payment methods used in a modern business context include cash, checks, credit or debit cards, money orders, bank transfers and online payment services such as PayPal.
Send invoices via email. Automatic reminder of unpaid invoices. Use recurring invoices. Use the cutting-edge online payment system.
Search the Internet carefully. Type, don't click. Get a temporary credit card. Use a dedicated computer. Use a dedicated email address. Use a password manager. Avoid public Wi-Fi/computers. Keep your data to yourself.
Use a Contract. If you do nothing else: write a legally binding contract for you and the client to sign. Demand a Deposit. Always demand an up-front deposit. Contact the Right People. Find out who invoices should be addressed to. Use a Work Acceptance Document. Withhold Launch Until the Final Payment.
Don't extend credit automatically to new customers/clients. Take partial payment in advance. Invoice promptly. State payment terms visibly and clearly. Reward customers for paying promptly. Establish a follow-up procedure for customers who miss payments.
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