Skip to content
active

What are the methods of presenting a discounted bill for payment?

Businesses can present a discounted bill for payment through various methods, including:

  1. Direct presentation: Handing over the bill to the drawee (the person or entity who owes the payment).
  2. Financial institution presentation: Submitting the bill through the financial institution that discounted it for payment.
  3. Electronic transfer: Using digital platforms for transferring the bill to ensure quicker processing.

Choosing the right method ensures timely payment and helps maintain a healthy cash flow.