October 2007

Definition of online payment systems

Definition of online payment systems

Online payment systems have revolutionized the way we conduct financial transactions by providing a fast and secure electronic alternative to traditional methods such as cheques, money orders, and bank transfers. These e-commerce businesses allow money transfers to be made solely through the Internet, with most of them maintaining fully functional mobile applications. These online payment …

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Brief overview of the costs of electronic payments

Online payment systems normally have similar pricing structure and their unique charging elements. A few have monthly or annual administration fee but the most of the internet payment processors do not charge for the time you keep your money in their accounts. It is strongly advisable that you examine their specific structures in details before …

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The UK is the European leader in Electronic Payments

Accepting electronic payments is very essential to all kinds of modern business. According to Office of National Statistics the UK is currently Europe‘s largest e-commerce economy where almost two-thirds of consumers have tried online shopping. According to the latest information the value of Internet sales has risen by 56% only between 2004 and 2005, and …

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PayPal allows you to send and receive online payments conveniently and cost-effectively

PayPal allows any business or individual costumer to send and receive online payments only with an email address. Their network is built on the existing financial infrastructure of bank accounts with credit and debit cards and it creates a global, real-time payment solution. Their mission is to deliver a product which is ideally suited for …

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