How can individuals and businesses pay me electronically while minimising my transaction and merchant charges?
Electronic commerce systems typically include electronic payment services. These services allow business to confirm payment before
delivery of goods and services. There is an expectation that organisations offering electronic commerce will include electronic payment
services.
There is a range of payment systems available for use by individuals and businesses. Many of these services rely on credit card
payments which work well for individuals but may not be convenient for business to business payments. If there are a large number of payments being made the costs of processing may become prohibitive.
An organisation conducting significant volumes of electronic payments should review the available payment systems and select and
implement the one most appropriate for their needs.
