Electronic payments, or e-payments, are a way of making transactions or paying bills online or through an electronic medium, without the use of physical checks or cash. E-payment systems facilitate the acceptance of electronic payment for offline transfer, and have become increasingly popular due to their convenience. Some of the most popular methods of electronic payments include credit cards, debit cards, virtual cards, and ACH (direct deposit, direct debit, and electronic checks). E-payment accounts are a way to send and receive money online without needing your credit or debit card details. E-payment systems offer several benefits over traditional payment methods, including convenience, speed, and enhanced security. Transactions are also processed quickly, usually within seconds or minutes. E-payment systems can be used for one-time vendor payments, recurring customer vendor payments, and e-wallets. E-payment systems are usually free to use for buying things, but you might be charged for selling or making/receiving payments in foreign currencies.