UNIT - 4 Lesson - 1 E-payment System-payment Methods Notes
E-COMMERCE UNIT - 4 Lesson - 1 E-payment System-payment Methods- Debit card, Credit card, Smart cards, E-Money, E-Wallets E-payment System-payment Methods- Debit card, Credit card, Smart cards, E-Money, E-Wallets Debit Card : The debit card is used for payments made online and offline. User of this card can withdraw upto a certain amount but must have sufficient balance in his/her account. The total payment made in one day is also specified by the person using the debit card. Credit Card : This card is also used for online payment also but in this card a person must not have sufficient balance in his/her account and the total payment made in one day is also specified. Bill of the credit card can pay after few days. User of this card can withdraw upto a certain amount. Smart Card : These cards are used with Balance in hand. This means that in you card must have balance before using this card like Debit Card. Metro Smart Card, Patanjali Smart Card and Mother Dairy Smart card are be