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Every Money Transfer And Remittance Term You Need To Know: Letter N

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N


Last updated: October 05, 2022


Non-Electronic Payment Method

A non-electronic payment method is a way to pay for your international money transfer without relying on bank transfers, credit or debit cards, or other digital means.

In almost all cases, the only non-electronic payment method you could use is cash. Plus, this only works if your money transfer company allows you to walk into an office or agent location to pay for your money transfer with cash.

In today's digital economy, non-electronic payment methods like cash are on the decline. If you can, pay for your remittance using online payment methods so you can avoid dealing with cash.

Also see: Electronic Payment Method, Local Payment Method, Payment Method
Further reading: Payment Methods for Money Transfer