Introduction

An online payment system is a way of making transactions or paying for goods and
services through an electronic medium, without the use of checks or cash. It’s also called an
electronic payment system.

Online payment systems typically are run by third-party corporations, such as PayPal,
Google or Click2Pay. These companies make a profit by taking a small percentage of every
transaction, or by signing contracts with institutions that need to make a large number of
transactions.

A study by BigCommerce found that online payment is increasing 23 percent year

over year. Moreover, Millennials a generations who make up the majority of the Indonesian
population use online payment for almost everything from parking , shopping finding
services and many more.

An online payment system facilitates the acceptance of electronic payment for online
transaction. Also known as a sample of EDI, online payment systems have become
increasingly popular due to the widespread use of the internet-based shopping and banking.

Nowadays People are increasingly comfortable paying online. When members or

supporters are ready to sign up, register for an event, or make a donation, they want to do it
quickly and easily. In fact, websites that don’t support online payment can be seen as being
out of step.

The reason why people are comfortable with online payment is because it is faster
than manual payments, since people don’t have to wait for the check to arrive or for it to
clear. The whole process – from submitting an online payment to updating your bank account
– can take a matter of seconds. The end result is improved cash flow for their organization,
and almost immediate confirmation of transactions. Prospective members won’t have to wait
to join your organization, and participants will know right away whether they have
successfully registered for an event.

The other reason is that people want convenience , it’s one of the reasons that online
payment continues to grow in popularity until this day.