He was turning away credit cards since his suppliers wanted payment in cash only.
Businesses in Cyprus have been insisting on payment in cash, rejecting card and cheque transactions.
Banks in Cyprus have been closed since Monday and many businesses are only taking payment in cash.
In fact, traders are more likely to insist on a tried and tested solution: payment in cash.
The proposed rules may create a third set of employees, those who prefer payment in cash to a pension promise.
If you travel off the beaten path, a credit card may be almost useless because vendors will expect payment in cash.
With no end in sight to the crisis, businesses in Cyprus have been insisting on payment in cash, rejecting card and cheque transactions.
The interest rate allows me to discount the value of some cash payment in the future to the value the principle would hold for me if I had it now.
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And lately, some of us have been using mobile payment technology to collect cash in the field.
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Founded in 2007, Rixty is currently the leading cash-based payment system for online entertainment in the United States.
Delegate enough funds to pay off more than the minimum loan payment while concurrently setting aside cash in the investment vehicle of your choice.
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Silver Wheaton links its dividend payment to cash generated by operating activities in the previous quarter.
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If mobile payment just replaces a cash or card payment with a mobile device payment then what is in it for them?
And the cost to the supplier of immediate cash payment by the bank, in respect of the implicit interest rate or discount on the bill, ought to be tiny - because the bank is in effect lending to the safe big company, which ultimately honours the bill, not to the riskier supplier.
With the rapid rise in use of debit and credit card as a preferred mode of payment over cash and check, the number of transactions processed by Visa has grown steadily by 10% in the last couple of years, except 2008 when the economic downturn caused transaction volumes to drop by almost 11%.
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For example, the Cash Management Function has 4 Processes in which requirements have been categorized: Treasury Information Maintenance, Payment Confirmation, Reconciliation and Cash Forecasting.
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We guess this squeaky wheel received its oil in the form of a giant cash payment.
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As a result, cash on delivery is a preferred payment in many countries, but that comes with its own problems.
PayPal and Discover compete with Visa, American Express and private companies such as Square that offer innovative payment services (or aim to) in place of cash and checks.
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The payment was to be in a suitcase located in the trunk, cash of course.
If, sadly, you are so ill that a doctor or other suitably qualified medical practitioner is prepared to give written confirmation that you are expected to die within the following 12 months, then you are permitted to take the whole amount in cash as a special serious ill-health payment.
They are an income payment that can continue year after year, extraordinarily crucial in an era when cash is yielding nothing.
Maybe you know that it also allows merchants to offer consumers discounts for paying in cash because it is less costly to process than other payment types.
These include more generous pensions and conditional cash transfers schemes that offer payment to the poorest families in return for meeting specific conditions, such as making sure their children go to school.
That makes sense since they are the two largest purchases consumers make, usually with most of the purchase price financed, significantly multiplying the economic effect of the cash down payment, while increased home construction and auto production results in significant new business for the long stream of suppliers to those industries.
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It includes cash or in-kind payments like tuition credits or certificates, payment vouchers, tuition waivers, or other similar items.
AngloGold can be financially characterized by high cash generation, substantial reinvestment in long-term growth and the payment of significant dividends.
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