Payment Write for Us
Payment Write for us: A payment is a voluntary offer of money or an equivalent or anything of value by a party (e.g. obligation. The party making a payment is commonly referred to as the payer, while the payee makes the Receiving payment.
Payments can make in several ways, such as cash, checks, direct debits, credits, or transfers the transfer of valuables such as stocks or barter, exchanging one good or service for another.
Payment is usually made in the local currency of the payee unless the parties agree otherwise. The payee can compromise in the case of a debt, i.e. accepting a partial payment to fully settle a debtor’s obligation or grant a discount, such as cash payment immediate, etc. If payment is made in another currency, an additional fee in foreign currency is required.
Payments are often preceded by an invoice or invoice that follows the provision of goods or services, but in some industries (e.g. travel and hotels), it is common to require prepayments to be made before payment. Down payment may be required in some industries before the services can be provided, which serves as a partial prepayment or guarantee for the service provider. In some cases, payments on account are made in advance, and in some cases, partial payments are accepted, which means that the payer’s legal obligations do not expire.
Payment Write for us: A creditor cannot unreasonably refuse to accept a payment, but the payment may be refused under certain circumstances. A payee is usually required to confirm payment by presenting a receipt to the payer. A receipt can be a note on an account like “paid in full”. The presentation of a guarantee or other security for a debt does not constitute a payment.
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