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Web payment service
(redirected from online payments)

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Web payment service
A facility that manages the transfer of funds from a customer to the merchant of an e-commerce Web site. The money may come from a digital wallet inside the user's machine, from a credit card stored on a server of the digital wallet service or from a prepaid account stored in the payment service's server. See PayPal, Brodia, CyberCash, e-cash, eCharge, InternetCash, iPIN, Qpass, Windows Live ID, WISP and 1ClickCharge.


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Ted Leonsis, a Revolution Money investor and chairman, will be special advisor to American Express on digital and online payments strategy.
By accepting online payments you immediately open up your business to a huge customer base which may not be possible if you just run your business in offline mode.
160; Aside from the criminal threat, another pain in the neck for online merchants and customers is the various online payments that have different requirements for making transactions.
 
 
 
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