E-COMMERCE: E-PAYMENT SYSTEM

July 17th, 2010 by admin

Electronic Payment System (EPS) is also called E-Payment System. It refers to the exchange of money between buyers and sellers electronically or over an internet. This type of transaction is made by using encrypted credit card numbers, electronic checks or digital cash. As e-commerce means buying and selling products over an internet so EPS plays an important role in e-commerce or in making online deal. In developing countries, the credit card payments can not be made over an internet due to legal and business issues. The major issue is of security. In underdeveloped countries electronic payment system is a big issue. Get ecommerce software to meet business demands.

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