What Is a Money Receipt?

Refers to a method of collecting money. For example, cash, WeChat, Alipay, check, cashier's check, commercial bill of exchange, etc. Consumers have more options when paying.

payment method

Settlement with cash, WeChat, Alipay, check, cashier order, commercial draft

Online transfer: You can make online payment by scanning the payment code

Online debit: Consumers display the payment code, and merchants debit the payment code through a code scanner

A check is a cheque at sight with a bank as the payer (A cheque is a bill of exchange drawn bank payable on damand). Specifically, a check is an unconditional written payment order issued by a bank depositor to the bank authorizing the bank to pay a certain amount to someone or their designee or the holder of the check. Issued by the drawer, the bank entrusting the check deposit business to pay the unconditional amount of the bill to the payee or the holder of the bill at the sight of the ticket. The issuer is the unit or individual issuing the check, and the payer is the bank where the issuer opens the account.

PROMISSORY NOTES are unconditional written commitments issued by one person to another to guarantee payment of a certain amount to someone or their designee or bearer, either immediately or periodically or at a determinable future. The promissory note is issued by the drawer and promises to pay the confirmed amount to the payee or bearer unconditionally when he sees the ticket. Paragraph 2 goes on to state that cashier's check referred to in this law refers to banker's cashier's check, excluding commercial cashier's check, and does not include personal cashier's check.

Commercial drafts are issued by the drawer and entrust the payer to pay the confirmed notes to the payee or bearer unconditionally on a specified date. According to different acceptors, they can be divided into commercial acceptance bills and bank acceptance bills. A banker's acceptance bill is a banker's acceptance bill, and a banker's acceptance by a company or institution other than a bank is a commercial acceptance bill.

A banker's acceptance bill is a bill issued by a depositor who has opened a deposit account with an accepting bank, which is applied to the account-opening bank and approved by the bank's review, guaranteeing that the specified amount is paid unconditionally to the payee or bearer on a specified date. Acceptance of a commercial bill of exchange issued by the drawer is the credit support given by the bank based on the recognition of the credit of the drawer. The face value of bank acceptance bills in China is up to 10 million yuan (inclusive). Bank acceptance bills charge a five-ten-thousandths fee to the accepting applicant at the face value, and less than 10 yuan is counted as 10 yuan. The acceptance period shall not exceed 6 months. If the acceptance applicant fails to pay the due bill at the bank, the overdue penalty interest will be calculated in accordance with the regulations.

Telegraphic transfer, a trade term, is one of the internationally popular payment methods between companies. The prerequisite for using wire transfers is that both parties need to have an account with a bank that offers wire transfer services.

When making a wire transfer, the bank will charge the remittance party a certain remittance fee, and the beneficiary party does not need to charge it. Among the three traditional remittance methods, wire transfer is faster than ticket exchange and letter transfer, but the cost is higher. Therefore, the wire transfer is conducive to the quick recovery of the payment by the recipient, and the quicker flow of funds.