On-Line Payment Systems

Since came into being, multiple sources providing information regarding e-commerce. It is almost impossible to find someone, who never heard about e-commerce, as it is been heavily publicized through broadcasting channels, newspapers, advertisement campaigns etc.

Besides all these informative means, many of us may feel like to know and want to understand the use and the mechanism of ecommerce systems.

Basically, on-line Payment systems are the systems which are based upon

the web or internet or a virtual connection established by internet between buyers, sellers and banks.

Any concerned person or organization can avail e-commerce systems for business or for their individual use by using internet and can also implement these systems according to the needs. Generally all you need is a valid credit card and an internet connection to do an e-commerce activity.   

However, there may be a feel to know more about e-commerce systems.

Well, here are some examples to uncover all these basic questions by having a rapid glance on some of the well known e-commerce systems.   

AMAZON PAYMENT SYSTEMS

Amazon Payments is a way for customers to purchase goods and services from US based websites using the payment methods in their Amazon.com accounts, such as their Visa or MasterCard.  At participating vendors, users can check out using their Amazon account information without needing to re-enter credit card numbers or shipping addresses. Users can also check out with Amazon's ‘1Click’ system. 

PAYPAL E-COMMERCE SYSTEM

PayPal is an American, international digital wallet based e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders.

PayPal is one of the world's largest internet payment companies. The company operates as an acquirer, performing payment processing for online vendors, auction sites and other commercial users.

STRIPE ON-LINE PAYMENT FACILITY
Stripe is a company that provides a way for individuals and businesses to accept payments over the Internet. Developers can make their websites able to accept payments using Stripe instead of getting a merchant account. Stripe charges a fee of 2.9% + $0.30 per successful charge. This rate is higher than the rate charged by conventional credit card processors but Stripe says the total cost to its customers may be lower, because Stripe has no setup fees, monthly fees, minimum charges, validation fees, card storage fees, or charges for failed payments.

These are some of the many organizations who are providing e-commerce facilities and been widely accepted by people and thought to be reliable and secure for e-commerce activities.

The requirements and scenarios compel people to adopt the suitable one for their business or personal use.

Nowadays it is very easy and less time taking process to get subscribed to any of the e-commerce systems according to your needs and convenience.

 

     


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