Payment methods refer to the various ways consumers can pay for goods and services. Common options include cash, credit cards, debit cards, and digital wallets like PayPal or Apple Pay. Each method has its own advantages, such as convenience, security, and the ability to track spending. In recent years, alternative payment methods have gained popularity, including cryptocurrencies like Bitcoin and buy-now-pay-later services. These options offer flexibility and can cater to different consumer preferences. Understanding the available payment methods can help individuals make informed choices when shopping or conducting transactions.