1. WAYS OF PAYMENT IN TOURISM

2. Ways of payment in tourism: cash travellers cheque (traveler’s cheque) debit or credit card voucher

3. What are some advantages and disadvantages of paying with cash? MAKE A LIST.

4. Advantages (of using cash) -Constant access to money -No need for a cash machine -No extra fees

5. Disadvantages (of using cash) -Easily robbed -Usually not used to pay in large amounts -Must be constantly cautious

6. Traveller‘s Cheques Issuing banks include: American Express, Thomas Cook, Visa, Post Office Money, … Preprinted, fixed-amount Signature authorizes unconditional payment to payee as a result of having paid the issuer for that privilege

10. What are some advantages and disadvantages of traveller’s cheques ? MAKE A LIST.

11. Advantages (of using traveler’s cheques) -Very difficult to use if stolen -Signed when purchased -Countersigned when redeemed -“Attractive” exchange rates which can be locked into

12. Advantages (cont.) (of using traveler’s checks) -Easy to replace when lost or stolen -(current checks cancelled) -Replacement checks issued -Combined funds when traveling with someone else

13. Eurocheck First introduced in 1969 Alternative to traveler’s check Issued by a European bank Available in various currencies Discontinued as of January 1, 2002

14. Declining Use Traveller cheque use has been declining since the 1990s Replaced by ATM cards, debit cards, credit cards

16. Apple Pay

18. Debit cards Debit card (a.k.a. bank card or check card) = plastic payment card Substitute for cash when making purchases Funds are immediately transferred from the cardholder's designated bank account when using a debit card Fees may apply

19. Credit card Plastic payment card Credit limit –Balance transfers –Cash advance (cash withdrawal) Interest payment –Monthly payment –Minimum payment Annual fee

20. ATM Skimming Preventing ATM SkimmingPreventing A simple solutionsimple solution

21. Debit or Credit? Repairing credit Stockpiling rewards Making a large purchase Going on vacation Shopping on-line

22. Applying for a credit card? Regulary salary (wage) or pension Account holder Credit rating Other terms and conditions

23. Erasing Credit Card Debt Get a low interest rate Track your expenses Spend less Prioritize your payments Earn more money

24. Exercise Find those credit cards : Diners, American Express, Visa, Mastercard How do we react when our card has been stolen? What are the associated costs? How much do we pay in fees when we withdraw money from an ATM in Slovenia or abroad?

25. What’s that? Electronic funds transfer Wire transfer Giro transfer Money order