A payment system is a system used for transferring money. What makes it a "system" is that it employs cash-substitutes. It maybe physical or electronic and each has their own procedures and protocols. Now we will talk about the electronic payment system.
The term electronic payment can refer to it broadly as any type of transformation of money. But narrowly it refers to the e- commerce which is a payment for buying and/or selling goods and/or services offered through the Internet.
example of using the electronic paymens
An e-commerce payment system facilitates the acceptance of electronic payment for online transactions. Because of the widespread use of the internet-based shopping and banking, its increasingly becomes popular. Basically, this new technologies have changed the way people purchase things where Payments can be scheduled and made online. This will allows you to shop on your own terms and save your time which help you to avoid long lines cranky clerks and creepy customers. These payments not only involve accepting credit cards but also enable the use of PayPal, Google Checkout and a slew of other payment portals.
E-payment vs. cash
In Our website we will discus widely about the electronic commerce payment system.
Our outline is about:
1. The payment revolution.
2. Using payment cards online.
3. Smart cards.
4. Stored-value cards.
5. E-Micropayment.
6. E-Checking.
1. The payment revolution.
2. Using payment cards online.
3. Smart cards.
4. Stored-value cards.
5. E-Micropayment.
6. E-Checking.