Ebook Online Payment Process
Why people came up for online business? There are many reasons why we go for this type of business. For the seller or merchants, they can operate their business profitably 24/7 and reach the market across the world geographical boundary is not a barrier anymore. It is not necessary for them to establish their shops physically in many places around the world which means anyone even small businesses can have their business online.
While at customers’ end, it is more convenient where one can place his/her purchase orders in just a click of the mouse anytime of the day regardless of where one is standing. Another reason is transactions are even faster that transactions are done in just a few minutes. Payment transactions for these online businesses can be done either online or offline. However, nowadays the method of payment has become important and the possibility for online payment acceptance provides convenience to the customers. In this paper, I will be discussing about the online payment process.
Contents
1. Introduction
2. Online Payment Methods
3. Online Payment Process
3.1. Online Credit Card Payment Process
3.2. Some of the Online Credit Card Transaction Enablers
4. Security in Online Payment
4.1. Standard Security Protocol
4.2. Fraud Rate
4.3. Fraud Protection
5. References
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PDF Ebook Online Payment Process
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