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.
- 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.