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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