On Electronic Payment System?

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. It's also called an electronic payment system or online payment system.

What are types of electronic payment system?

Types of Payment Methods for ECommerce
  • Credit/Debit card payments: Payments via cards are one of the most widely used and popular methods not only in India but on the international level. ...
  • Prepaid card payments: ...
  • Bank transfers: ...
  • E-Wallets: ...
  • Cash: ...
  • Mobile payments: ...
  • Cryptocurrencies: ...
  • Ecommerce payment gateway:

How does electronic payment system work?

Methods of e-Payments

Card Payment System: Card payment system involves initiating payments online or through an electronic device and requires the use of a credit or debit card issued by a financial institute to the cardholder for making payments.

Robert Thorne

Robert Thorne

Automotive & Future Transportation Editor

Robert Thorne covers electric vehicle innovations, autonomous driving systems, global mobility trends, and automotive engineering developments.