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Online payment systems for consumer electronic commerce are still evolving. Online businesses must offer their customers...

Online payment systems for consumer electronic commerce are still evolving. Online businesses must offer their customers payment options that are safe, convenient, and widely accepted. Discuss some of the online payment methods these businesses offer.

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Answer #1
  1. Paypal : PayPal Holdings, Inc. is an American company which is operating worldwide online payment system. It is used for online payment transfer. It is basically served as an electronic alternative which replaces traditional payment like cash, check and money orders. Paypal is used by many commercial organization for payment electronically.
  2. Amazon Pay : Amazon Pay is an online payments processing service which is owned by Amazon. It was launched in 2007, It uses the consumer base of Amazon.com. It gives users the option to pay with their Amazon accounts on different external merchant websites. This payment methods is already associated with your Amazon account for payment of goods, services, and donations on third-party websites.

  3. Google Pay: It is a digital wallet platform and online payment system which is developed by Google which gives power in-app and tap-to-pay purchases on mobile devices, it also enable users to make payments with Android phones, tablets or watches.

  4. American Express: An American Express card, it is also known as an "AmEx," an electronic payment card branded by the company American Express (AXP), it is an publicly-traded financial services company. It provides and processes prepaid, charge, and credit cards. These cards are available to individuals, small businesses, and corporate consumers around the world for making payment for different good and services electronically.

  5. Apple Pay: Apple Pay is a digital wallet and mobile payment service created by Apple Inc. it allows users to make payments in person, in iOS apps, and on the web. It was created for customers those are away from physical wallet. It is used in apple devices such as the iPhone, Apple Watch, iPad, and Mac.It is an contactless payment technology .
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