A payment is the transfer of an item of value from one party (eg, a person or company) to another in exchange for the provision of goods, services or both, or to fulfill a legal obligation. 

The simplest and oldest form of payment is barter, the exchange of a good or service for another. In the modern world, common means of payment by an individual include money, check, debit, credit or bank transfer, and in trade such payments are frequently preceded by an invoice or result in a receipt. However, there are no arbitrary limits on the form of payment can take and thus in complex transactions between businesses, payments may take the form of shares or other more complicated arrangements. 

In law, the payer is the party making a payment while the payee is the party receiving the payment.

Payment options for most listings 

For most categories, you need to offer at least one option for payment or Internet electronic commercial credit cards. This provides a quick and safe operation for you and the buyer. When a buyer clicks the Pay Now button in My eBay, profile, or email notification, you get paid immediately and the payment is processed through either choice. You get an email telling you have paid and you can send the item. 

You can also offer payment upon pickup. Payment by personal check, cashier's check, bank to bank transfers, or money order is not allowed in most eBay purchases. 

You choose your payment options when you list your item. 

Here is a comparison of payment options for most types of insurance. For more details about each electronics option, click its name. 

These days, there are more payment options than ever to choose from when parting with your money. This section provides an explanation of the different methods you can come across credit cards for direct debits from PayPal to checks given. No information on where and how you can use each type of payment as well as relevant safety tips and some useful links if you need to know more. - Read more at: http://www.payyourway.org.uk/payments-explained/#sthash.WlqDAV2e.dpuf

PayPal 

ProPay 

Skrill 

Merchant credit card 

Cash on collection