Small BusinessPayments
What are Electronic Payments? Types & How They Work
Nov 3, 2026
Electronic payments are digital transactions that move money between parties without cash or paper checks. They're the backbone of modern commerce: today, the majority of US financial transactions are made by card, and that share continues to grow. For business owners, the question is no longer whether to accept electronic payments. It's which types to prioritize and how to manage them well.
7 mins readAuthorPayPal Editorial Staff