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E-payment

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Definition Edit

E-payments (an acronym for electronic payments) are payments made over the internet, usually in one of these three ways:

  • Making a remote payment card transaction through the internet.
  • Online-banking based credit transfers or direct debits under which the payer uses an online banking portal for authentication (currently only operational at domestic level).
  • Payments through e-payment providers, with which the consumer has set up an individual account. Accounts can be funded through "traditional" payment methods, for example bank transfers or credit card payments.

With the emergence of e-commerce, i.e. the buying and selling of products over the internet, e-payments play an increasingly important role.

Source Edit

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