Tell about modern time electronic payment systems ?

You can also consider selling on Amazon, one of the most popular e-commerce platforms in the world. To sell on Amazon, please register yourself for free.

More effective and efficient transactions — It’s because transactions are made in seconds (with one-click), without wasting customer’s time. It comes with speed and simplicity.

You can also consider selling on Amazon, one of the most popular e-commerce platforms in the world. To sell on Amazon, please register yourself for free.

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Bank payments
This is a system that does not involve any sort of physical card. It is used by customers who have accounts enabled with Internet banking. 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.

Convenience. Customers can pay for items on an e-commerce website at anytime and anywhere. They just need an internet connected device. As simple as that!

PayPal

Lower transaction cost and decreased technology costs.

Lower transaction cost and decreased technology costs.

California, United States at eBay's North First Street satellite office campus. The company also has significant operations in Omaha, Scottsdale, Charlotte and Austin in the United States; Chennai in India; Dublin in Ireland; Berlin in Germany; and Tel Aviv in Israel. From July 2007, PayPal has operated across the European Union as a Luxembourg-based bank.

Expenses control for customers, as they can always check their virtual account where they can find the transaction history.

Paymentwall

Today it’s easy to add payments to a website, so even a non-technical person may implement it in minutes and start processing online payments.

Expenses control for customers, as they can always check their virtual account where they can find the transaction history.

PaymentWall, an e-commerce solutions providing company launched in 2010, offers a wide range of online payment methods that its clients can integrate on their website the seller integrates it on the website such that you will need use it to perform payment.[5]

Payment gateways and payment providers offer highly effective security and anti-fraud tools to make transactions reliable.

Today it’s easy to add payments to a website, so even a non-technical person may implement it in minutes and start processing online payments.

Google Wallet

E-commerce fraud is growing at 30% per year. If you follow the security rules, there shouldn’t be such problems, but when a merchant chooses a payment system which is not highly secure, there is a risk of sensitive data breach which may cause identity theft.

Payment gateways and payment providers offer highly effective security and anti-fraud tools to make transactions reliable.

The lack of anonymity — For most, it’s not a problem at all, but you need to remember that some of your personal data is stored in the database of the payment system.

Google Wallet was launched in 2011, serving a similar function as PayPal to facilitate payments and transfer money online. It also features a security that has not been cracked to date[when?], and the ability to send payments as attachments via

The need for internet access — As you may guess, if the internet connection fails, it’s impossible to complete a transaction, get to your online account, etc.

Mobile Money Wallets

E-commerce fraud is growing at 30% per year. If you follow the security rules, there shouldn’t be such problems, but when a merchant chooses a payment system which is not highly secure