What characterizes the "Pay Now" processing method?

The "Pay Now" processing method is characterized by the expectation that payment is made at the time goods are received, particularly during point-of-sale transactions. This reflects a transactional model where the buyer provides payment immediately upon receiving the product or service, ensuring that the seller receives revenue upfront. This method is commonly used in retail and immediate service contexts, emphasizing the importance of cash flow for the business providing goods or services.

In contrast to this, other choices describe different payment scenarios. For instance, prepayment before service delivery typically applies to situations where services or goods are made available in the future, serving as a contractual agreement rather than immediate payment. The notion of cash-only payments limits the means of transaction and does not encompass the broader spectrum of payment methods available in modern commerce. Lastly, deferred payment options allow for the provision of goods or services before payment is made, which is contrary to the principle of "Pay Now." This highlights the clarity of immediate transaction expectations associated with the Pay Now method.