Consumer to Consumer (C2C) payments are payments through services such as PayPal, Popmoney, or Square Cash.

Consumer to Consumer (C2C) payments are payments through services such as PayPal, Popmoney, or Square Cash.

• A. A payment method used for business-to-business transactions.
• B. A service that transfers money between consumers using digital platforms.
• C. A way to repay a bank loan.
• D. A method to purchase stock.

Answer: (A)

C2C payments involve transferring money directly between individuals through digital platforms. Apps like PayPal, Venmo, and Square Cash are built for this purpose, making it easy for friends or family to send money to each other. This is distinct from business-to-business transactions, loan repayments, or buying stocks. So the description that describes a service that transfers money between consumers using digital platforms is the correct one.

C2C payments involve transferring money directly between individuals through digital platforms. Apps like PayPal, Venmo, and Square Cash are built for this purpose, making it easy for friends or family to send money to each other. This is distinct from business-to-business transactions, loan repayments, or buying stocks. So the description that describes a service that transfers money between consumers using digital platforms is the correct one.