cashless payment
Tap-to-buy method
Cashless payment is any transaction that doesn't involve physical currency—credit cards, debit cards, mobile apps, bank transfers.
The term became prominent as digital payment methods proliferated: The restaurant only accepts cashless payment.
Some businesses have gone entirely cashless, though this raises concerns about excluding those without bank accounts.
- credit cardBorrowed-funds payment tool
- debit cardPayment from checking account
- plastic moneyNon-cash payment cards
- virtual cardDigital payment credential
- pinPointed metal fastener
card · tap · contactless · chip · phone · tokenization · blockchain · Venmo · transaction · QR code · fraud detection · NFC · e-commerce · Apple Pay · digital wallet · PayPal · peer to peer · money transfer
- vending machinesvending machine, snack machine, soda machine, drink machine, candy machine
- fintechfintech, mobile banking, digital wallet, digital wallets, digital payments
- e-cashPayPal, Venmo, digital wallet, online transfer, Apple Pay
- money transfersbank transfer, wire transfer, fund transfer, electronic transfer, direct deposit
payment medium
cashless paymentcash payment
Transaction using physical currency
cash · hard currency · paper money · banknotes · legal tender