Payment refers to the transfer of money, typically from a customer to a business, in exchange for goods or services. In e-commerce or marketing, payment can refer to various methods of transferring funds, such as credit card payments, bank transfers, online payment platforms like PayPal or Apple Pay, or cash on delivery. Payment is a crucial aspect of conducting transactions online and is often facilitated through secure payment gateways to ensure the security of financial information. Proper payment processing is essential for businesses to receive revenue and for customers to complete their purchases.
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