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- Payment is the act of transferring something of value, such as money, goods, or services, in exchange for something else of value12. Payment can be made in different forms, such as cash, check, wire transfer, credit card, debit card, or cryptocurrencies1. Payment is usually based on a prior agreement between the parties involved1.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Payment is the transfer of money, goods, or services in exchange for goods and services in acceptable proportions that have been previously agreed upon by all parties involved. A payment can be made in the form of services exchanged, cash, check, wire transfer, credit card, debit card, or cryptocurrencies.www.investopedia.com/terms/p/payment.asp: the act of paying 2 : something that is paid : paywww.merriam-webster.com/dictionary/payment
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