Online payment systems for retailers: an overview of the advantages and disadvantages
The Internet payment system is the final interface between the online retailer and its customer. Above all, the customer wants to use payment solutions that he already knows and uses.
The booming popularity of online shopping cause the preferred methods of payment to change. Online-based payment methods are becoming more and more important. Major providers, such as Paypal, provide protection for both merchants and buyers. User accounts store the personal data of the customer, accelerating payment. If the payment system is integrated directly into the shop page, the customer is forwarded to the provider side during the payment process, enters his password there and then releases the payment by clicking. The account or credit card of the customer will be debited accordingly, the dealer will immediately receive the message about the payment received.
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