Online payment services are digital platforms that allow users to make transactions over the internet. These services enable individuals and businesses to send and receive money securely without the need for physical cash. Popular examples include PayPal, Stripe, and Square, which facilitate payments for online shopping, subscriptions, and other services. These platforms typically require users to create an account linked to their bank account or credit card. They use encryption and security measures to protect sensitive information, making online transactions safer. Online payment services have become essential for e-commerce, allowing for quick and convenient financial exchanges globally.