Explain Electronic Payment Procedure?

Explain Electronic Payment Procedure?

 

Electronic payment is one of the most popular online system by using debit card or credit card. Most of the people, like to do the on-line shopping.

 

Electronic payment procedure. June 05, 2018. It is increasingly common for a business to pay a supplier with an electronic payment, rather than with a check or in cash. The following procedure is intended for these electronic payments.

 

An e-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. ... The electronic payment system has grown increasingly over the last decades due to the growing spread of internet-based banking and shopping.

 

An e-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. ... As these increase, improve, and provide ever more secure online payment transactions the percentage of check and cash transactions will decrease.