If you are not familiar with current practices in e -commerce, you'll need to acquaint yourself with the various methods of online payment and how they work on. The types of electronic payment system have pros and cons for online businesses. Our tips will help you choose the best payment option for your online service. E-Commerce Payment Systems - Learn E-Commerce in simple and easy steps It is a very popular electronic payment method to transfer money from one bank. Interaction Help About Wikipedia Community portal Recent changes Contact page. How Accelerated Law School Programs Work. Based in Nairobi, Kenya, Loise Kinyanjui has been writing since They provide an easy and secure means of making transactions online. Full Name Comment goes here. Subscribe iPad app HoustonChronicle. Instead of entering card details on the purchaser's site, in this system the payment gateway allows one to specify which bank they wish to pay from. Are you sure you want to Yes No. The content of this exchange is usually some form of digital financial instrument such as encrypted credit card numbers, electronic cheques or digital cash that is backed by a bank or an intermediary, or by a legal tender. It comes with many benefits, which are: Some of the modes of electronic payments are following. Credit card use is one e-commerce payment system. Wallets like PayPal and Alipay are playing major roles in the ecosystem. This can be used for online transaction and eCommerce purchases. The talk page may contain suggestions. Types of electronic payment system: Follow us Facebook YouTube Twitter Pinterest. June Learn how and when to remove this template message.
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