Credit Card


A Credit Card is a payment card issued to a cardholder to enable the cardholder to pay a merchant for goods and services based on the cardholder’s accrued debt, i.e. promise to the card issuer to pay them for the amounts plus the other agreed charges.
The card issuer (usually a bank) grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.
The key difference between a Credit Card and a Debit Card is that when you use a Credit Card, you are spending the bank’s money.  When you use a Debit Card, you are spending your money.

Debit Card


A Debit Card is a plastic payment card that can be used instead of cash when making purchases.
The money is immediately transferred directly from the cardholder’s bank account to pay for the transaction. 
The key difference between a Credit Card and a Debit Card is that when you use a Credit Card, you are spending the bank’s money.  When you use a Debit Card, you are spending your money.

Apple Pay


Apple Pay is an online payment service available on different types of Apple devices such as the Mac, the iPad, or the iPhone.
If you are using Safari as your web browser, you will be able to make a payment from your linked credit card or debit card using your Fingerprint ID or your Face ID instead of having to enter your credit card or debit card details.

Apple Device


An Apple Device can be a Mac, an iPad, or an iPhone.

PayPal


PayPal is an online payment system that makes paying for things online and sending and receiving money safe and secure.
When you link your bank account, credit card, or debit card to your PayPal account, you can use PayPal to make purchases online with participating merchants.
PayPal serves as a middleman between your bank and the merchant and keeps your payment information secure.
You can also use PayPal to securely send money to friends and family as well as receive money from people.

PayID


A PayID is a unique identifier that can be used instead of a BSB and account number to make bank transfers simpler, faster, and more secure.
A PayID can be an email address, a mobile number, or an ABN.  However, an email address is most often used.
When you make a payment using a PayID, your Internet Banking service will tell you the name of the account holder so you know the money is going into the right account.
The money will be transferred from the payer’s account to the recipient’s account instantly.

Funds Transfer


Funds Transfer enables you to make a payment from your bank account and transfer the money into someone else’s bank account.
You need to enter the BSB Number and Account Number of the bank account of the intented recipient.
You also need to enter the account name of the intented recipient but the banking system does not check this.  It relies on the BSB Number and Account Number so you need to make sure that those numbers are entered correctly.  Oherwise, the money may be transferred into the wrong account and it will be extremely difficult to get it back.
It may take a few days for the funds to appear in the recipient’s bank account.

Cheque


A Cheque is a document that orders a bank to pay a specific amount of money from a person’s account to the person in whose name the cheque has been issued.
The person writing the cheque, known as the drawer, has a transaction banking account where their money is held.
The drawer writes the various details including the monetary amount, date, and a payee on the cheque, and signs it, ordering their bank, known as the drawee, to pay that person or company the amount of money stated.

Money Order


A Money Order is a payment order for a pre-specified amount of money.
As it is required that the funds be prepaid for the amount shown on it, it is a more trusted method of payment than a cheque.
You can purchase a Money Order in Australia from Australia Post.

Safari


Safari is the web browser available from Apple.
It is the default web browser on Apple devices such as the Mac, the iPad, and the iPhone.