How do companies send large amounts to each other?

Question

For example, it’s common knowledge that Google sends Apple $5billion every year to be the default search engine. Do they just send a check? Send stocks?

In: 7

Answer 1

Cash transfers usually. Literally arranging for Google’s account to be debited for $X and Apples account to be credited for $X. Happens every day. Of course, some companies still use checks, but that’s rarer and rarer.