An online payment system facilitates the convenient acceptance of online payments for online transactions conducted in real-time. Also referred to as a sub-component of online payment processing, e-business payment systems have grown extensively popular owing to the widespread usage of online banking and online shopping. The benefits of this electronic money transfer are main advantages in terms of accuracy and speed, and the absence of delays that can occur when cash is transferred in person or by mail. To better understand how this system works, it is beneficial to analyze how it differs from the traditional methods of payment processing. Especially now, buying Bitcoin with cash can also use this online payment facility, a Bitcoin ATM.

The Main Differences between Online Payment System and Traditional System

One of the main differences between online payment systems and traditional systems of payment processing is how debit and credit cards are accepted. When … READ MORE ...