Definition, Meaning & Synonyms
e-payment
noun
/ˈiːˈpeɪmənt/
Definition
E-payment refers to the process of making electronic payments for goods and services using digital methods rather than physical cash or checks.
Examples
- You can use e-payment options to purchase products online easily.
- Many businesses are adopting e-payment systems to streamline their checkout process.
- Consumers prefer e-payment methods for their speed and security.
Meaning
E-payment is a modern way of conducting transactions over the internet, allowing for quicker and more convenient payments.
Synonyms
- Digital payment
- Online payment
- Electronic payment
