#24unit 2e commerce payment system
Introduction
Overview of electronic payment systems.
Unit 2E-Commerce Payment SystemTopic #24Published
Introduction
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E-commerce payment systems are the methods by which buyers and sellers exchange value online. Existing mechanisms such as cash, credit cards, debit cards, checking accounts, and stored value accounts have been adapted to the online environment, alongside new alternatives like PayPal, digital wallets, and mobile payments.
- Understand what an e-commerce payment system is and why it matters.
- Identify the major categories of online payment systems.
- Explain how traditional payment methods have been adapted to e-commerce.
- Recognise the size and growth of the online payments market.