101k views
4 votes
Typically, what form of payment is acceptable for settlement charges?

a) Cash
b) Credit Card
c) Personal Check
d) Bitcoin

User Dethos
by
7.4k points

1 Answer

4 votes

Final answer:

Typically, settlement charges can be paid using cash, credit card, personal check, or electronic methods. Bitcoin is not typically accepted.

Step-by-step explanation:

Typically, settlement charges can be paid using a variety of methods. The acceptable forms of payment may vary depending on the specific situation and the preferences of the parties involved. However, in general, the most common forms of payment for settlement charges are cash, credit card, personal check, and occasionally electronic methods such as online banking or mobile payment apps.

Cash is a widely accepted form of payment and involves using physical currency notes and coins. Credit cards provide a convenient and widely accepted method of payment where funds are deducted from a line of credit provided by a financial institution. Personal checks are a form of payment where the payer issues a written order instructing their bank to pay a specific amount to the payee. Bitcoin, on the other hand, is a virtual currency that operates independently of traditional banking systems and is not widely accepted for settlement charges.

User Rannie
by
6.9k points