Examples of online payment

Online payment allows you to pay money via the internet. Buyers will use this type of payment when they purchase goods online or offline. They can use different types of online payment methods, including debit/credit cards, wire transfers, net banking, and digital wallets.

Online payments can be done at the discretion of consumers. They can pay online to e-commerce stores to buy clothing or other items, subscriptions, mobile, DTH recharges, etc.

Four entities will be involved in the online payment process, such as the consumer, merchant or business, the consumer's bank, and the bank of the merchant or business.

Payment processing examples

Although, more than one entity is involved during the online payment process, the entire process is electronic and completed within seconds.

With the advent of the internet, online payments have become extremely popular among buyers and sellers, owing to their benefits.

They help consumers considerably save much of their time, allowing the process to be completed quickly and efficiently. Buyers do not need to han

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