payment services

Payment services refer to the systems and processes that facilitate the transfer of money between parties for goods and services. This includes traditional methods like cash, checks, and credit cards, as well as digital methods such as mobile payments, online banking, and digital wallets. Payment service providers, like PayPal or Venmo, act as intermediaries, ensuring transactions are secure and efficient. They offer features such as fraud protection and easy tracking of payments, helping both consumers and businesses manage financial exchanges smoothly and safely in today's increasingly digital world.