Payment services refer to systems and platforms that facilitate the transfer of money between individuals or businesses. These services can include traditional methods like bank transfers and checks, as well as modern options such as credit cards, mobile wallets, and online payment systems. They help streamline transactions, making it easier for people to buy goods and services. Many payment services also offer additional features, such as fraud protection and transaction tracking. Popular examples include PayPal, Venmo, and Square. These services are essential in today's economy, enabling quick and secure payments in both physical and digital marketplaces.