Payment methods: the most suitable for buyers and sellers

Payment methods: the most suitable for buyers and sellers

Fintastico offers you the complete guide on the advantages and disadvantages of the different methods for paying or collecting payments.

How should you pay or get paid? The answer changes, because there are as many payment methods as there are goods and services for sale. If you buy you will have to look after the convenience of the transaction and pay the minimum cost of money. That is, those expenses you incur to obtain a good/service beyond the list price. If you sell, you must be careful to offer your customers as many payment instruments as possible but, again, spending less to cash in as soon as possible


Cash makes the world go round. But is it really so? Not exactly.

Over the years, alternative methods have seen a steady growth at the expense of cash. In Italy, sector operators consider 2021 to be year zero for electronic payments.

Thanks to the pandemic and state incentives (or limitations), the data for the year that has just ended have sanctioned the change of course. But things didn’t turn upside down overnight and the new trend seems destined to last a long time.

Cash remains the preferred method for transactions between private individuals, but above all with small and medium-sized professionals. The Revenue Agency believes that untraceable payments for the purchase of goods and services account for the largest share of tax evasion. For this reason, increasingly stringent thresholds have been introduced to limit cash payments.

Payment cards

In few countries, digital payments increased by 23% between the first half of 2020 and the same period of 2021. Cards are the hard core of electronic money payments. The balance of the advance on payments can be made free of charge at the end or beginning of the month, or by paying interest on the installment.

To distinguish them from credit cards where the bank advances the money, they have been called debit cards but the money used to pay is what you actually have in the account. So no debt to anyone!

Paying by debit card costs nothing to the customer, but costs the merchant who pays a commission on the POS service.