Historically, checks have always been a popular payment form in the market.Īnd yet, with the expanding popularity of alternative offline and online methods in recent decades (like debit / credit cards and PayPal), check usage has been sharply declining. The modern era offers a variety of practical and convenient methods to pay for goods or services that individuals and businesses consume.Ĭommon forms of payment include cash, checks, debit cards, credit cards, money orders, wire transfers and the newest addition – paperless digital payments.
