electronic payment

Cashless money transfer

Electronic payment is any transfer of money that occurs digitally rather than through physical cash or paper checks.

The term covers credit and debit card transactions, bank transfers, mobile payments, and online purchases: The store accepts electronic payments.

Also called e-payment or digital payment.

Opposites
payment medium/method

electronic paymentcash payment

Transaction using physical currency

cash · paper money · check · cheque · money order

technological modernity

electronic paymentbarter

Direct goods-for-goods exchange

ledger entry

Family

payment, electronic

Familiarity
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Profile
Known to kids · Used worldwide · Timeless · Everyday, not technical · Rated G