Electronic Payment Systems are digital methods that allow individuals and businesses to make transactions over the internet. These systems include options like credit cards, debit cards, and online payment platforms such as PayPal and Venmo. They enable users to pay for goods and services quickly and securely without the need for cash or physical checks. These systems work by transferring funds electronically from one account to another, often using encryption to protect sensitive information. They are widely used in e-commerce, allowing customers to shop online and complete purchases with ease. Additionally, many mobile apps now support electronic payments, making transactions even more convenient.