Describe the Online Credit Card Payment System.

      

Describe the Online Credit Card Payment System.

  

Answers


Kavungya
A Credit card represents an account that extends credit to consumers, it permits consumers to purchase items while deferring payments and allows consumers to make payments.
Online Credit Card Systems seeks to extend the functionality of existing credit cards for use as online shopping payment tool, this payment system has been widely accepted by consumers and merchants throughout the world, and by far the most popular methods of payments especially in the retail markets.
Basic process of Online Credit Card Payment System is very simple; if consumers want to purchase a product or service, they simply send their credit card details to the service provider involved and the credit card organization will handle this payment like any other.
Kavungya answered the question on May 9, 2019 at 13:02


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