Welcome to Payments Quotes, your source for insightful and inspiring quotes about the world of payments. In today’s fast-paced digital age, the landscape of financial transactions is constantly evolving, shaped by technological advancements, consumer behaviors, and global economic trends. Whether you’re a fintech enthusiast, a business owner navigating payment solutions, or simply intrigued by the intricacies of monetary exchange, our collection of quotes offers a glimpse into the diverse perspectives and experiences within the realm of payments.
From renowned entrepreneurs and industry pioneers to economists and thought leaders, these quotes encapsulate the essence of payments its challenges, innovations, and transformative power. As we delve into the words of visionaries who have shaped the way we think about money and transactions, prepare to be inspired, enlightened, and perhaps even challenged in your own understanding of financial systems and digital currencies. Join us on this journey through the dynamic world of payments, where ideas converge, innovation thrives, and transactions redefine the way we interact with money. Now, without further ado, explore the quotes below and discover the wisdom they hold.
Garnishments tend to happen when people hide from their debts and stop making even minimum payments. Eventually, creditors sell the debt to a collection agency. Jean Chatzky
Without in any way minimising the economic and psychological blow that people experience when they lose their jobs, the unemployed in affluent countries still have a safety net, in the form of social security payments, and usually free healthcare and free education for their children. They also have sanitation and safe drinking water. Peter Singer
For many food poverty is the product of a toxic combination of low wages, austerity economics, spiralling food prices and lengthy delays to benefit payments, all of which should concern us. Luciana Berger
If you think nobody cares if you’re alive, try missing a couple of car payments. Earl Wilson
The two largest oil-producing countries in Latin America, Mexico and Venezuela, sold petroleum to Nicaragua at concessional rates for several years beginning in 1980. The program was curtailed because Nicaragua could not make even reduced payments. Stephen Kinzer
The danger I faced was not accepted as reasonable grounds for deferring my tax payments, as authorities, who despite being told all of this, still chose to pursue action against me, as opposed to finding an alternative solution. Lauryn Hill
The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as mark-to-market payments are being made in a timely fashion. Paul Singer
Conventional wisdom on government’s role in inequality often has it backwards. Tax reforms have resulted in a more progressive federal income tax; government transfer payments have become less progressive. Paul Ryan
More than ever before, Americans are suffering from back problems: back taxes, back rent, back auto payments. Robert Orben
Our idea with starting Stripe was to build better payments technology for people building things on the web. John Collison
I don’t know how it’s going for my sisters, but as my 40s and Verizon bills and mortgage payments roll on, I seem to have an ever more recurring 1950s housewife fantasy. Sandra Tsing Loh
With three kids, it was always very, very tight, and it was always a scramble for what was my next job. So I learned never to go into debt because I don’t want those monthly payments to preoccupy my thoughts. William Shatner
My dad is the first to say that Mum deals with the mortgage payments, the bills, the rota, things like that, while my dad is the emotional one who keeps the home together. He’s the nurturer, but together, they work perfectly. Cush Jumbo
If our nation goes over a financial Niagara, we won’t have much strength and, eventually, we won’t have peace. We are currently borrowing the entire defense budget from foreign investors. Within a few years, we will be spending more on interest payments than on national security. That is not, as our military friends say, a ‘robust strategy.’ Mitch Daniels
You can’t sing about the same things as you did when you were 20; it would be ridiculous to sing about, I don’t know, being in the quad. You can’t really write about mortgage payments or stuff like that… but you can talk about ‘let’s make the world a better place.’ Dexter Holland
Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like. Martin Feldstein
While the traditional banks and credit card companies lock down access to their payments infrastructure to a handful of trusted parties, Bitcoin is open to all. Naval Ravikant
Payfirma has revolutionized the payment process, consolidating mobile, e-commerce and in-store payments under a single solution, much like HootSuite did for social media. Ryan Holmes
The payments which have been made into the Treasury show the very productive state of the public revenue. James Monroe
Customer-driven innovation was at the core of Intuit’s first product, ‘Quicken,’ and it continues to guide us as we look to solve new problems in areas like mobile payments. Products like Intuit ‘GoPayment’ and the IntuitPayment Network are helping small businesses get paid faster, keeping cash flow strong and their business healthy. Brad D. Smith
The focus around Circle China is really cross-border payments. If I’m a parent in China and my son is studying at London Business School, I might want to send 500 RMB. I should be able to do that and have my child instantly receive it as pounds sterling, in the same way people do that with instant messages today. Jeremy Allaire
As I’ve long said, the farm bill is in need of major reform. At first chance, I voted to remove direct payments. Both the House and the Senate passed bills that end direct payments, and as we move forward, I hope we can work out the rest of the issues to implement the necessary reforms. Stephen Fincher
The most important loan to pay is your student loan. It’s more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases. Suze Orman
People don’t walk away from their homes unless they can’t make the payments. That’s an indication that we are in a recession. Eugene Fama
When public spending in the form of transfer payments makes various services and benefits free of charge, work is discouraged. Yet it is precisely Social Security that legislators fear to cut. Edmund Phelps
For us, overseas employment addresses two major problems: unemployment and the balance of payments position. Ferdinand Marcos
For many women, the on-time payments of domestic support obligations are essential to economic survival. Elizabeth Warren
High mandated minimum wages will throw people out of work and onto the welfare rolls in cases where unemployment benefits exist. When it comes to welfare payments, they obey the laws of economics, too. Indeed, if something – like unemployment – is subsidized, more of it will be produced. Steve Hanke
Why is it that Michael Flynn, who evidently has a great relationship with Putin, who has received payments for so-called speeches and who’s spent a lot of time in Russia and was accused of talking about sanctions, he lied about it, and he got caught? Maxine Waters
The threshold question: Will banks continue to exist? The answer is yes, because society will still need the two essential functions they provide: mobilization of capital from providers to users, and facilitation of payments for goods and services. James P. Gorman
The way that customers pay businesses is constantly evolving. Instead of paying with paper, like cash and checks, businesses are expected to accept a variety of payment methods ranging from credit cards to digital payments. John Rampton
The streets and alleys of the ward were notoriously filthy, and the contractors habitually neglected them, not failing, however, to draw their regular payments from the city treasury. Ray Stannard Baker
Many, including the Canadian and U.S. governments, try to provide family support while also maintaining a hard line about further fuelling terrorism and hostage-taking through ransom payments … Still, try telling that to a mother, or a father, or a husband or wife caught in the powerless agony of standing by. Amanda Lindhout
The stimulus legislation, technically known as the American Recovery and Reinvestment Act of 2009, was a mixture of tax cuts for families and businesses; increased transfer payments, like unemployment insurance; and increased direct government spending, like infrastructure investment. Christina Romer
Payments banks can also act as business correspondents of other banks. Chanda Kochhar
Structured settlements are a common way for people who have been injured to receive an insurance payout. The periodic payments provide ongoing income and reduce the risk of blowing a lump sum through poor financial choices. Suze Orman
The scope of activities for payments banks mainly includes acceptance of demand deposits, issuance of ATM/debit cards, payment and remittance services, and distribution of third-party products. Chanda Kochhar
In the old days, when you took out a mortgage, it was probably through a local bank or a credit union, and whoever gave you your loan held on to it for life. If you lost your job or got too sick to work and suddenly had trouble making your payments, you could call a human being and work things out. Matt Taibbi
When you’re nearing 35, going, ‘Hey Dad, I can’t make these payments,’ just isn’t cool. Eleanor Mondale
The Holocaust survivor who knows Auschwitz through the experience of suffering observes it all from the perspective assigned to him. He keeps silent or gives interviews to the Spielberg Foundation, he accepts the compensation payments promised him after a fifty-year delay, or, if he is prominent, he makes a speech in the Swedish Academy. Imre Kertesz
When you’re setting up a budget, a general rule is to start with your fixed expenses – your housing and insurance payments, and car payment, if you own one. Jean Chatzky
I’m lucky because my dad taught me to be frugal and save. And that’s important because I want to know that I don’t have to take an acting job for two or three years if I don’t want to and that I’ll still be able to make my house and car payments and buy food for my dogs. Ashley Greene
Sequestration will make it extremely challenging – and in many cases impossible – for employees to meet their mortgage payments, pay their healthcare expenses, plan for retirement, or help their children attend college. To be blunt, these families are at risk. Pete Gallego
Divorced men are more likely to meet their car payments than their child support obligations. Susan Faludi
My father was Catholic, and my mother wanted me to go to Catholic school. That’s what I did in first grade. But she couldn’t afford the payments. I think it must have hurt her a lot, not to be able to give me a Catholic education. Edward P. Jones
Once again, the ‘New York Times’ has chosen to purposefully ignore facts and professional journalism to fit their political agenda, choosing to attack my character and reputation rather than present an honest report. The suggestion that I accepted cash payments is unfounded, silly, and nonsensical. Paul Manafort
If you think nobody cares about you, try missing a couple of payments. Steven Wright
As a small business owner, I’ve had to find ways to keep costs as low as possible while still providing customers with the ability to use their credit cards for payments. Many credit card processing companies are so expensive when it comes to fees that it started to feel like a losing proposition to offer this payment option. John Rampton
When I started the business, only banks operated at airports, only banks issued travellers’ cheques, only banks issued international payments, only banks serviced their own branch networks. Lloyd Dorfman
Older couples bring obligations such as support payments and debt as well as decades of financial experience to a marriage. Jean Chatzky
So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments. Robert C. Solomon
It turns out that American Express honors recurring payments even if the vendor is unable to supply an accurate card number and expiration date. An Amex phone representative said this is a feature, not a bug, which makes sure my bills are paid. Barton Gellman
I do see very quickly a world where the satoshi system is what is used to make payments. Francis X. Suarez
At its most basic the democratic contract is a simple one: the right to vote comes with a responsibility to society, through tax payments and citizenship. Lucy Powell
We use the block chain to share value, just like Internet protocol lets us share communication. Our goal is to build a global, international bank that is instant, global, and free. Sending payments should be as easy as sending an email. Jeremy Allaire
The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items. Robert C. Solomon
I write a book a year while creating TV and film projects. And being a writer isn’t just writing: I have to chase down paychecks and manage foreign tax payments. I maintain a vibrant relationship with readers and bloggers. And when it comes to Hollywood, I typically have to have fifteen business meetings in the hopes that one leads to a project. Taylor Jenkins Reid
Any competent programmer has an API to cash, payments, escrow, wills, notaries, lotteries, dividends, micropayments, subscriptions, crowdfunding, and more. Naval Ravikant
Fraudulent and improper payments have long bedeviled Medicare, a $466 billion program. In particular, payments for durable medical equipment, like power wheelchairs and diabetic test kits, are ripe for fraud. Charles Duhigg
I just want real creative freedom without worrying about, you know, car payments. Sean Penn
Because of lower life expectancy in Scotland – something that we are working hard to improve – the average woman will get ?11,000 less in pension payments than counterparts in the rest of the U.K., even though she will pay exactly the same in contributions. Nicola Sturgeon
Credit card companies are jacking up interest rates, lowering credit limits, and closing accounts – and people who have made timely payments are not exempt. So even if you pay off your balance – and that’s tough when interest rates are insanely high – there’s a good chance your credit limit will be slashed, and that will hurt your FICO score. Suze Orman
BitPay is the leading payment processor for bitcoin. The company specialize in setting up merchant accounts to accept bitcoin payments. Perianne Boring
The question is not really about a shift to the economic cone where officers are writing about the balance of payments and the need for economic stabilization. Lawrence Eagleburger
If I had high-ticker 10 percent financing, which would probably be the market rate, I would have to dump stuff. The interest payments would be killing me. Barry Sternlicht
XRP is a digital asset that exists on the XRP ledger, one of the open-source products created by Ripple. XRP is a pivotal component of the Internet of Value, since it solves a key point of friction: the pre-funding of nostro/vostro accounts necessary to facilitate cross border payments. Brad Garlinghouse
Undisclosed and illegal payments, kickbacks, and bribes became a way of doing business at FIFA. James Comey
Web banking lets you monitor your spending, tweak your budget, schedule payments, and more, particularly if you marry your online bank with the personal-finance management tools available online. Jean Chatzky
We must have the time to create strict rules so that property is not sold by Communist managers for a low price. They often get payments under the table to sell to the first bidder. This does not build public support for a market economy. Vaclav Klaus
Can’t make your payments? No problem. The interest charges keep on coming. In fact, banks prefer it that way. More money for them. The government guarantees it. Jonathan Raymond
I’ve met graduating college kids facing loan payments and a bad economy, and they are worried that they won’t be able to get a job. This is not the way America needs to be. Mitt Romney
Drug company payments to doctors are a small part of a much larger strategy by Big Pharma to clean our pockets. Robert Reich
Most banks tell their customers that they only pay a small upfront fee for international payments. But in reality, customers pay much more. Taavet Hinrikus
One state retiree, 49 years old, paid, over the course of his entire career, a total of $124,000 towards his retirement pension and health benefits. What will we pay him? $3.3 million in pension payments over his life and nearly $500,000 for health care benefits – a total of $3.8m on a $120,000 investment. Chris Christie
Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly. Martin Feldstein
Don’t forget what I discovered that over ninety percent of all national deficits from 1921 to 1939 were caused by payments for past, present, and future wars. Franklin D. Roosevelt
Late payments also hurt your FICO score. And never, ever take out a cash advance on your credit card. Suze Orman
Consider a 15- or 20-year fixed-rate mortgage instead of a 30-year, if you can afford the monthly payments – they may not be as high as you think. Suze Orman
What’s happening in crypto – and certainly what’s happening at Ripple – we have an opportunity to fundamentally change the way global commerce is managed from a payments point of view. Brad Garlinghouse
With PayPal, you have to send people over to their website… whereas with Stripe, we offer a way to integrate payments into the website, on the website or into a mobile app. That is what all the best businesses care about, so we make it very easy, very fast, very simple and very cheap to do this. John Collison
Most large companies structure their affairs so that they minimize their tax payments. As long as you do it within the law, it’s OK. Chuck Feeney
This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama’s budget just the interest payments on our debt is $916 billion dollars. Paul Ryan
The United States has never prioritized or failed to pay any obligation when due during a debt limit impasse. Despite the institutional risks and the lack of clear legal authority, we assume that Treasury will attempt to prioritize payments in a last-ditch effort to avoid default. Jerome Powell
Men aren’t able to retire and are going bankrupt making alimony payments. Ralph Norman
All but a very few of us are in debt. We exist as entities who borrow money and spend the rest of our lives making interest payments on a debt tally that never seems to budge. Whatever wealth we have, in labor, property or cash, is suctioned to the top. Roger Ebert
We actually determine whether the book is read and make payments to the publisher based on that. Trip Adler
Being able to save, make non-cash payments, send or receive remittances, get credit, or get insurance can be instrumental in raising living standards and helping businesses prosper. It helps people to invest more in education or health care. Sri Mulyani Indrawati
Credit card interest payments are the dumbest money of all. Hill Harper
We would go to visit a wholesaler, say in Napoli. We would go out, have a very long lunch, mozzarellas, wine. We would reach an agreement. And then the client would pay with a cheque that was postdated by six months, nine months. They were financing themselves by delaying their payments. Sandro Veronesi
For-profit does not belong in a taxpayer-funded health system. For-profit means cutting medical services to patients, and payments to providers, to preserve profits. Mimi Kennedy
Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted. Mark Skousen
Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I’m the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans. Robert Kiyosaki
What our Republican friends are doing, if we look at what they do and not what they say, they have decided that the most important thing in this country is to increase payments for interest on the national debt. Tom Allen
Eviction causes loss. You lose not only your home but also your possessions, which are thrown onto the curb or taken by movers, and often you can’t keep up payments. Matthew Desmond
When I was in Philadelphia during the Depression in 1930 or ’31, I got a very sad job as a night watchman in a garage. The cars in the garage had been abandoned by their owners, since they had lost their jobs and couldn’t keep up the payments. Tom Glazer
My father was unemployed and I was the eldest of seven children. We were very poor. And when you ask how did we support ourselves, the only funding that we had was unemployment payments. John Hume
Adults are locked into car payments and divorces and work. They haven’t got time to think fresh. Gary Paulsen
You’ll get the biggest bang for each buck by paying off the highest interest rate debt in your portfolio first, while making minimum payments on the remainder. It’s called the avalanche method, and it gets you out of debt cheapest and fastest. Jean Chatzky
While digital wallets are paving the way for the future of payments, you still need to assess whether or not they’ll work for your business. If your target audience are less tech-savvy or you’re primarily a cash-only business, it may not be worth investing too much into accepting digital payments. John Rampton
Lordy, lordy, lordy do I love money. It is a character flaw, no doubt, one that springs from a panicked childhood in which I always felt as if our family was only a couple missed child support payments from being tossed onto the pitiless streets of our suburban New Jersey town. Michael Ian Black