We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.


Alternative Methods Of Payment (AMOP)

It may sound like code for the barter system, but the term "alternative methods of payment" actually covers any type of payment other than cash. These have become increasingly more common as Internet shopping has become pervasive. Venmo. Bitcoin. Paypal. Blahblah.

Credit and debit cards represent the most common methods of alternative payments, but a wide variety of other options exist. The category even includes things like gift cards or loyalty programs (like cashing in frequent flyer miles).

Find other enlightening terms in Shmoop Finance Genius Bar(f)