International payments refer to the transfer of money between individuals or businesses located in different countries. These transactions can occur for various reasons, such as purchasing goods, paying for services, or settling debts. They often involve currency conversion, as different countries use different currencies, like the US Dollar or Euro. To facilitate international payments, various methods are available, including bank wire transfers, credit cards, and online payment platforms like PayPal or TransferWise. Each method has its own fees, processing times, and exchange rates, which can affect the total cost of the transaction.