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Action that consists of handing over money to make a purchase. There is an active person who makes the payment, for example the buyer, and a passive person who is the one receiving that payment, for example de seller.

There are different ways to make a payment; in cash, by cheque, direct debit, bank transfer, credit or debit cards, bill of exchange, promissory note, etc. There also exists the option to pay in advance, which means to pay for the product before we receive it, or pay in installments. Due to greater purchases via the Internet and catalogues, there is another method of payment called “cash on delivery”, named this way because the consumer pays for the product once it is in the client’s possession. payments can be made by the debtor or a third party, who makes the payment in replacement of the debtor. This is because the creditor is obliged to accept the payment. The amount of money that is turned over as payment for a good or service is known as the price or fee. Sometimes, if one is not able to make the payment, there is an alternative option that consists in turning over the property to cancel the debt acquired.