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  • Differences Between Offline and Online Payment

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    Avi Niral
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    The document compares offline and online payment systems. Online payment systems allow payment through internet-based e-commerce and maintain formal records, but involve higher risks. Offline payment does not have formal records but has lower risk, and has some limitations unlike online payment which has no limitations.

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    Differences between Offline and Online Payment

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    The document compares offline and online payment systems. Online payment systems allow payment through internet-based e-commerce and maintain formal records, but involve higher risks. Offline payment does not have formal records but has lower risk, and has some limitations unlike online payment which has no limitations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    37 views1 page

    Differences Between Offline and Online Payment

    Uploaded by

    Avi Niral
    The document compares offline and online payment systems. Online payment systems allow payment through internet-based e-commerce and maintain formal records, but involve higher risks. Offline payment does not have formal records but has lower risk, and has some limitations unlike online payment which has no limitations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Differences between Offline and Online

    Payment

    Basics Online payment Other payment


    system
    1.Payment Payment done by Payment done when
    Process internet-based method merchant track
    through e-commerce. payment by its
    consumers.
    2.Record A formal record is No such record is
    maintained by online maintained.
    payment system.
    3.Risk A high risk factor is A little amount of risk
    Factor involved in online is involved in other
    payment system. payment system.
    4.Reviews Customers and expert’s Salesman reviews are
    reviews are available. available.
    5.Limitation There is a wider scope There is a little scope
    with no limitations. with some amount of
    limitations.

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