electronic payments

Cashless money transfers

Electronic payments are financial transactions conducted through digital systems rather than physical cash or paper checks.

The category includes credit and debit card purchases, bank transfers, mobile payment apps, and online transactions.

The store accepts electronic payments but not personal checks.

As cash use declines, electronic payments have become the default for most consumer spending.

Opposites
payment medium

electronic paymentscash

Ready spending funds

paper money · coins · cash transactions · banknotes · hard currency

technological modernity

electronic paymentsbarter

Direct goods-for-goods exchange

commodity exchange

Family

electronic, payments

Familiarity
Top 100,000
Profile
Known to kids · Used worldwide · Timeless · Everyday, not technical · Rated G