What are cash payments?

Cash payments are when you use real money to buy things, just like giving a friend some coins for a toy.

Imagine you have a piggy bank full of coins and paper bills, those are your cash. When you want something from the store, instead of using your phone or a card, you hand over some of that cash. The shopkeeper takes it, and poof, you get what you wanted!

When you give someone cash, they can count it and know exactly how much you're giving them. Like if you want an ice cream cone that costs 2 dollars, and you hand over two one-dollar bills, the shopkeeper knows you’re paying fairly.

Sometimes people use cash because it’s quick and easy, no need to remember a password or wait for a payment to go through. It's like having your piggy bank ready to give away some coins whenever you want!