What is a Payment?

Definition: A Payment is a transfer of value from a Consumer to the Business.

Traditionally were considder payments to be by money. But, especially in the Digital Economy payment can take other forms.

Some examples:

  • Google’s services are paid with information about the users. Google will then earn money from targeted advertising.
  • Social medias like Facebook or TikTok are paid with the users content. Social media will then earn money from targeted advertising.
  • Influencers are paid with products, services or money for access to their network.

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