| Most purchases are paid for by traditional forms | | | | formalized. For people who are not comfortable |
| of payment like cash, credit card, check, or debit | | | | with traditional bartering (aka swapping, trading, or |
| card. Each has advantages and disadvantages. | | | | exchanging), community or local currency is the |
| Some forms of payment are more secure than | | | | answer. This type of currency is only usable within |
| others. There are other methods of payment | | | | a local region or specific community. It encourages |
| that are less common. | | | | use of local services and the purchase of local |
| PAYPAL FOR PAYMENT | | | | goods. |
| With security concerns, many people are willing to | | | | GIFT CERTIFICATES |
| pay a small fee per transaction to use PayPal to | | | | This is when money is given to a business and a |
| pay for services and merchandise that is | | | | gift card or gift certificate is given in exchange for |
| purchased. PayPal monitors the businesses that it | | | | it. The gift card or gift certificate can be given to |
| does business with. A business with too many | | | | anyone to use like cash to purchase merchandise |
| complaints will not be able to receive payments | | | | or pay for a service. Gift certificates and gift |
| via PayPal. A PayPal account can be linked to a | | | | cards are bought with cash, debit, and sometimes |
| regular bank account. | | | | credit. |
| BARTER FOR PAYMENT | | | | The most common form of payment is by cash, |
| Some people will barter for payment. This is when | | | | debit, or credit. When a business accepts |
| the service or merchandise is swapped or traded | | | | payments by debit or credit they often hire a |
| for other services or merchandise. It can be of | | | | payment processing company. When secure |
| equal value or it can be for partial payment. | | | | payments need to be done online, a payment |
| Individuals and small business owners mostly | | | | processing company is also hired to take care of |
| participate in bartering, though there are | | | | various forms of e-commerce payments. |
| corporate barter systems in place. An accountant | | | | Alternative methods of payment aren't always |
| should be consulted on the benefits and | | | | practical for transactions done on the Internet. |
| drawbacks of bartering. Swapping and exchanging | | | | Merchant Data Systems is a professional |
| services and merchandise is the earliest type of | | | | processing company that can handle a variety of |
| payment method. | | | | payment types. You can contact them and find |
| COMMUNITY CURRENCY FOR PAYMENT | | | | out more about sponsorship, ISO/agent, |
| Complimentary currency or community currency | | | | equipment, e-commerce, and other related |
| is a form of bartering, but it is much more | | | | services. You can apply today. |