Payment Methods

Payment methods refer to the various ways in which individuals or businesses can facilitate the transfer of money in exchange for goods or services. These methods can include traditional options such as cash and checks, as well as modern electronic options like credit and debit cards, online payment systems (e.g., PayPal, Stripe), mobile payment applications (e.g., Apple Pay, Google Pay), and cryptocurrencies (e.g., Bitcoin, Ethereum). Each payment method varies in terms of convenience, speed, security, and acceptance, influencing how consumers and merchants conduct transactions. With the rise of digital commerce, payment methods have evolved to incorporate technologies that enhance transaction efficiency and user experience.