https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:budgeting-and-saving/x647545bbd61df4a7:payment-methods/v/payment-methods-intro 2022-11-29T23:56:46.606216556Z Payment methods intro Cash is one of the oldest and most straightforward payment methods, where consumers simply exchange physical currency for goods or services. Credit cards allow people to buy now and pay later, using a line of credit that can be paid off in installments. Other options, such as layaway, rent-to-own, and installment plans, let consumers reserve or receive an item immediately, but pay for it over time. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/864220a3-875b-4336-b3bd-8c281a78ac26_1280_720_base.png Payment methods intro Cash is one of the oldest and most straightforward payment methods, where consumers simply exchange physical currency for goods or services. Credit cards allow people to buy now and pay later, using a line of credit that can be paid off in installments. Other options, such as layaway, rent-to-own, and installment plans, let consumers reserve or receive an item immediately, but pay for it over time. https://cdn.kastatic.org/ka-youtube-converted/uSoAIZTV0Bc.mp4/uSoAIZTV0Bc.mp4 375 Payment methods https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:budgeting-and-saving/x647545bbd61df4a7:payment-methods/a/using-cash-vs-credit-card 2026-02-24T19:30:36.025616677Z Using cash vs. credit card, and other payment methods Learn about the pros and cons to using different payment methods. article https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:budgeting-and-saving/x647545bbd61df4a7:payment-methods/v/scenario-comparing-payment-methods 2022-11-29T23:56:46.606216556Z Scenario: comparing payment methods How do you decide which payment method is best? Let's look at cash, credit card, store credit, rent-to-own, and layaway as payment choices, compare the pros and cons of each, and learn about the thought process that helps us decide on the best one. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/e465bb2a-7d77-410c-9eb0-aebd4b4c2a6b_1280_720_base.png Scenario: comparing payment methods How do you decide which payment method is best? Let's look at cash, credit card, store credit, rent-to-own, and layaway as payment choices, compare the pros and cons of each, and learn about the thought process that helps us decide on the best one. https://cdn.kastatic.org/ka-youtube-converted/OSRJDrkH0oo.mp4/OSRJDrkH0oo.mp4 287 Payment methods https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:budgeting-and-saving/x647545bbd61df4a7:payment-methods/a/comparing-payment-methods 2023-10-23T15:29:12.039254627Z Comparing payment methods Learn how to compare different payment methods: cash, card, rent-to-own, installment, store financing, and layaway. article https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:budgeting-and-saving/x647545bbd61df4a7:payment-methods/e/different-payment-methods 2026-04-04T02:06:38.980527203Z Different payment methods Practice comparing payment methods: cash/debit, credit card, in-store financing, rent-to-own, and layaway. Elvira Valdez exercise https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:budgeting-and-saving/x647545bbd61df4a7:payment-methods/v/digital-payment-methods 2025-03-07T20:38:25.186060825Z Digital payment methods Digital payment methods include digital wallets (like Apple Pay, Google Pay, and PayPal), which store payment information for quick, secure transactions. Payment apps (such as Venmo, Cash App, and Zelle) allow users to send and receive money instantly. Some of these platforms also offer Buy Now, Pay Later (BNPL) options (like PayPal's Pay in 4 or Apple Pay Later), letting users split purchases into smaller, interest-free payments over time. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/6c086c11-0836-4cdc-a93f-8e600dcb8b35_1280_720_base.png Digital payment methods Digital payment methods include digital wallets (like Apple Pay, Google Pay, and PayPal), which store payment information for quick, secure transactions. Payment apps (such as Venmo, Cash App, and Zelle) allow users to send and receive money instantly. Some of these platforms also offer Buy Now, Pay Later (BNPL) options (like PayPal's Pay in 4 or Apple Pay Later), letting users split purchases into smaller, interest-free payments over time. https://cdn.kastatic.org/ka-youtube-converted/YbE6SDnZrB4.mp4/YbE6SDnZrB4.mp4 228 Payment methods https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:budgeting-and-saving/x647545bbd61df4a7:payment-methods/a/digital-wallets-and-payment-apps 2026-05-20T22:20:54.590085792Z Digital wallets and payment apps Imagine this: You’re out for pizza with friends, and when the check comes, no one has cash. No problem - someone pays, and you send them your share through Venmo or Cash App in seconds. Easy, right? Apps like these have made paying for things and sending money super convenient. But not all of them work the same way, and some come with risks - like losing your money if the app gets hacked or accidentally taking out a loan without realizing it. article https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:budgeting-and-saving/x647545bbd61df4a7:payment-methods/e/digital-payment-methods 2026-02-23T14:50:42.273479192Z Digital payment methods Practice understanding of digital wallets, payment apps, Buy Now Pay Later (BNPL) and understanding which of them are loans. Elvira Valdez exercise https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:budgeting-and-saving/x647545bbd61df4a7:payment-methods/v/writing-a-check 2026-04-04T02:06:38.980527203Z Writing a check Writing checks might feel a little old-school, but it’s still good to know how! Some places—like a landlord or a small local business—might still ask for one. It’s a simple way to move money from your account to someone else’s, no app required. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/279383ae-4f3d-44ba-a5db-2b11064eea04_1280_720_base.png Writing a check Writing checks might feel a little old-school, but it’s still good to know how! Some places—like a landlord or a small local business—might still ask for one. It’s a simple way to move money from your account to someone else’s, no app required. 178 Payment methods https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:budgeting-and-saving/x647545bbd61df4a7:payment-methods/v/depositing-a-check 2026-04-04T02:06:38.980527203Z Depositing a check When you deposit a check—especially using mobile deposit—you need to endorse it first. Sign your name on the back where it says “Endorse here.” Then write “For mobile deposit only” under your signature so no one else can cash or deposit it again. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/9b75e9bf-ed47-4c0c-8398-c16a84d83601_1280_720_base.png Depositing a check When you deposit a check—especially using mobile deposit—you need to endorse it first. Sign your name on the back where it says “Endorse here.” Then write “For mobile deposit only” under your signature so no one else can cash or deposit it again. 256 Payment methods https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:budgeting-and-saving/x647545bbd61df4a7:payment-methods/a/who-uses-checks 2026-04-04T02:06:38.980527203Z Who uses checks these days? With payment apps and digital wallets everywhere, checks might seem old-fashioned, but people still write millions of them every day. In this article, you will learn how to write a check, and what to do if one’s written to you. article https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:budgeting-and-saving/x647545bbd61df4a7:payment-methods/e/writing-and-endorsing-checks 2026-07-06T04:50:55.94861601Z Writing and endorsing checks Test your knowledge of how checks work. Identify parts of a check, choose the correct endorsement type, and answer real-world questions about when and why checks are used. Elvira Valdez exercise