Tuesday, 7 July 2015

Electronic payments and their value

 eCommerce solution provider companies

If Electronic Payments not exist then

  • E-commerce doesn’t exist. It would become very difficult to process online payments for eCommerce solution providers. 
  • You can’t purchase product or services online.
  • You can’t reserve hotel room or air tickets.
  • You can’t perform banking transactions.

Impact of Electronic payment

  • A low cost for businesses for software development company.
  • A higher exchange of goods and services.
  • Transaction can perform easily without geographic boundaries.
  • Easy way to manage transactions.
  • Unlike cheques, electronic payments don’t ‘bounce’ – as payments will not be effected unless the funds are available in the first place , validation made by payment system development company.

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