Implementing the E-Commerce in Information System, it takes a variety of electronic payment method. Electronic payment systems, allowing us to pay for goods and services electronically, compared to writing a check or using cash. Here are some of the electronic payment methods:
- Electronic Check. Used mainly in B2B. A customer who wants to use e-checks must have a checking account at a particular bank. Then the customer is buying goods or services, then send an e-mail encrypted electronic check to the seller. The seller then depositing the check to the bank, and the funds will be transferred from the buyer to the seller accounts account.
- Electronic Credit Cards. Allow customers to make payments online using credit card account. This species is widely used in B2C. The workings of the electronic credit card can be seen in the picture below
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| How to Work E-Payment |
- Purchasing Card. Equivalent to a credit card, but is used in B2B purchasing cards. In some countries, purchasing cards is the main form of inter-company payments. Unlike credit cards, where credit is provided for a period of 30-60 days before making the payment, the purchasing card must be completed within one week.
- Electronic Cash. There are three (3) e-cash forms, namely: store-value money cards, smart cards, and person-to-person payments. Stored-value money cards, allowing us to save some money and spend it. Smart cards, has a chip that can store some information. Person-to-person payment, the e-cash form that allows two (2) individuals or individuals with business entities to send funds without using your credit card. For example PayPal.
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