Online payment systems

Online payment systems are digital platforms that allow consumers to make purchases and transfer money over the internet securely. They facilitate transactions through credit/debit cards, bank transfers, or digital wallets, ensuring the safety of sensitive information with encryption. Common examples include PayPal, Stripe, and Google Pay. These systems streamline the buying process, making it convenient to shop online without needing cash or checks, while also providing features like transaction tracking and buyer protection. Overall, they have become essential for e-commerce, enabling quick and easy financial exchanges in today’s digital economy.