Cash settlements are payments between enterprises or individuals in cash. Payments can be made with cash or non-cash funds. Cash consists of paper money and coins. In organizations and among individuals, they began using non-cash payments more often, among banking products. You can make settlements with a bank card, or through transfers, since they are secure and fast. You can do everything without leaving your house. Many people still settle in cash, however. Cash settlements between individuals are not restricted, but legal entities have their own limit.

Cash is a type of monetary system in which only physical currency exists and is used for transactions. Cash payment typically refers to the paying for goods or services by hand-to-hand exchange of items that have intrinsic value.

Cash payments are the most basic form of transactions being carried out as physical currency is used in order to make the particular transaction. In this way goods are bought and services paid for, generally at the exact time of their transfer to the client.