Hello, payment process is a term used in business to describe the process involved in exchanging goods or services for money. The payment process usually begins with the customer placing an order, after which the business issues an invoice to the customer. The customer then pays the bill in cash or by credit/debit card, and the company ships the goods or services to the customer. The payment process can be completed online, by phone or in person. In fact, cashiering software is one of the most important components of a business.