Checks, debit cards, and electronic payments are considered forms of cashless payments because they allow for the transfer of funds between individuals or businesses without the need for physical currency, such as bills and coins.
Checks are considered cash because they are legal tender and can be deposited into a bank account, allowing the funds to be transferred between parties. Debit cards and electronic payments work in a similar way by deducting funds directly from a bank account or transferring funds electronically. While these forms of payment may not involve physical currency, they represent a transfer of value and can be used to purchase goods and services in the same way as cash.
In summary, checks, debit cards, and electronic payments are considered forms of cash because they facilitate the transfer of value between parties, even though they do not involve physical currency.