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What is Online Electronic
Payment
An electronic payment system (EPS) also known
as electronic currency, broadly speaking, refer to
a transaction in the online exchange of funds;
is a system of financial exchange between buyers
and sellers in the online environment that is
facilitated by a digital financial instrument (such
as encrypted credit card numbers, electronic
checks, or digital cash) backed by a bank, an
intermediary, or by legal tender.
What is Online Electronic
Payment (contd.)
Electronic Payment System is the
basis for online payments, and online
payments system development is a
higher form of electronic payment.
It means electronic payment may, at
any time, through the Internet
directly to the transfer, settlement
and form e-business environment.
Electronic Payments Benefits
Credit Cards
PayPal
E-Check
Wire Transfer
C.O.D.
Bank Transfer
Gold Money
Money Order or Cashiers Check by Mail
Moneybookers
WebMoney Transfer
Western Union QuickPay
E-Cash (Electronic-cash)
Internet Payment
E-cash and e-payment systems