Payments over the Years For as long as products and services have been available, customers have been paying for them in one way or another. Although these services have always been paid for, how they’ve been compensated has greatly changed over the years. Cash Cash has always been an option when paying for goods. In the past, people might have paid for food or services in gold, silver or copper coins. Credit is another way people have paid for goods and services. At one time, general stores kept track of a person’s line of credit. A customer could purchase items over the course of a few days or weeks and then pay for the purchases all at once. This concept has transformed over time and is currently seen in the form of credit cards. Instead of general stores tracking the line of credit, credit card companies approve customers for a certain amount of money.
Infographic by: leappayments