Step-by-step explanation:
There are a lot of different sources now a days to pay for your purchase. Previously there were just one or two methods of payments like cash and checks. But now there are a lot more than that. Following are the details of different sources of payments.
Automatic Draft:
A convenient payment method where funds are automatically debited from your account
Cash:
The physical form of currency
Credit Card:
Allows you to make a purchase and pay for it later
Digital Wallet:
An electronic Device that aids consumers to make online payments through various websites.