What are the payment methods for online transactions?

There are many payment methods for online transactions:

1, online bank card

Bank cards are issued by banks, so they have the functions of cash deposit and withdrawal, transfer, consumption and credit. At the same time, after the opening of online banking, settlement and payment can be completed with the same function, so it has become one of the most common online payment methods. However, there are some problems in online banking, that is, different banks, different branches and different products have different payment gateways, service standards and geographical obstacles, which bring certain difficulties to the choice of traders and the maintenance of websites.

2. Electronic cash

It is a currency circulating in the form of data, which converts the cash value into a series of encrypted serial numbers. Its use requires the establishment of the relationship authorized by the agreement between the issuer and the receiver of electronic cash, and the complete authentication of electronic cash through special software, and the issuer is responsible for the actual transfer of funds between the buyer and the seller. However, due to the small number of users, high requirements for software and hardware, currency exchange problems in cross-border cash use, and the impact on money supply and exchange rate stability, e-cash is not uncommon.

3. Electronic wallet

It is an electronic cash payment system based on smart card, which can be used for many purposes and has many functions such as information storage, electronic wallet, security password lock and so on. At the same time, it can load electronic cash, electronic bank card, owner's address information, ID card and other information, which can be said to be a multi-purpose card. However, due to different issuers and different standards, the promotion and use of e-wallets are restricted.

4. Electronic check (transfer)

It is a digital payment instruction sent by the customer to the payee, which completes all the functions of the traditional paper check through the Internet or wireless access equipment, that is, the digital informationization of the physical check. The carrier itself is a smart card, and the electronic signature that can only be made with one key is essentially different from the real check. However, the whole process of e-check processing must go through the banking system, and the banking system is obliged to list documents to prove the details of every transaction (transfer) processed by e-check, so e-check is not a good choice for businesses that pay attention to privacy.