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If X would pay via P to R and finally to another party Y, the payment would be 'fully indirect': Non-cumulative quantity discount [ edit ] These are price reductions based on the quantity of a single order.

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Payments by credit card, if permitted, and cash payments take immediate effect. Cheque clearing Historically, cheques have been one of the primary means of payment for purchasing goods and services, though its share in the payment mix is falling worldwide.

Commonly, there are restrictions as for other discounts, such as being valid only if a certain quantity is bought or only if the customer is older than a specified age. Etymology[ edit ] The root word "pay" in "payment" comes from the Latin "pacare" to pacifyfrom "pax", meaning "peace".

Inthe American automakers ran an Golfers dating sites discount" for all customers promotional campaign in order to entice buyers, with some success.

The Middle English word "payen", which came from French, was also used in both ways. For example, an entrance ticket for a zoo is usually for a day; if one stays shorter, the price is the same.

Maestro and Cirrus are international debit card payment providers.

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Examples can be found in many industries. It is usually based on a percentage of the sales generated by the broker.

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Payment of most fees to government agencies by cheque, if permitted, usually takes effect after a set number of days for clearance or until the cheque is actually cleared.

In the case of long periods, it is obvious that one can leave and return without paying again. Buyers have the advantage of getting some value for something no longer used.

Trade rate discount [ edit ] A trade rate discount, sometimes also called "trade discount", is offered by a seller to a buyer for purposes of trade or reselling, rather than to an end user. For the band, see Senior Discount band. Coupon A discount, either of a certain specified amount or a percentage to the holder of a voucherusually with certain terms.

These include an allowance for creating and maintaining an in-store display or a co-op advertising allowance. In German the term "Freundschaftspreis" is commonly used.

A cash payment requires a minimum of three parties the seller, the purchaser, and the issuer of the currency. A barter payment requires a minimum of two parties the purchaser and the seller.

Credit carddebit cardchequemoney transfersand recurring cash or ACH Automated Clearing House disbursements are all electronic payments methods.

This rule also generally applies where the check is not presented to the bank until the next taxable year, and even though the payer could stop payment on the check in the meantime. In the Middle Ages, the term began to be used more broadly, to mean "to pacify one's creditors".

Documentation may not be required, for example, for people who are obviously young or old enough to qualify for age-related discounts. The returned item may have little monetary value, as an old version of newer item being bought, or may be worth reselling as second-hand.

The rationale for a senior discount offered by companies is that the customer is assumed to be retired and living on a limited income, and unlikely to be willing to pay full price; sales at reduced price are better than no sales.

Payment may also occur when a person transfers property or performs a service to the payee in satisfaction of an obligation. Young person's discount[ edit ] Discounts are sometimes offered to young people below a certain age who are neither children nor in education.

In some cases, the card may be issued to anyone who asks. Non-commercial organizations may offer concessionary prices as a matter of social policy. In other cases, existing documents proving status as student, disabled, resident, etc.

A discount offered to customers who are above a certain relatively advanced age, typically a round number such as 50, 55, 60, 65, 70, and 75; the exact age varies in different cases.

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