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What are the benefits of an electronic payment system? Despite its advantages, why are people hesitant to use EPS?

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The benefits of an electronic payment system are:
  • Privacy
  • Integrity
  • Compatibility
  • Good transaction efficiency
  • Acceptability
  • Convenience
  • Mobility
  • Low financial risk
  • Anonymity

Despite its advantages, people are hesitant to use electronic payment systems (EPS) due to the risks involved in it. Some of them are:
  • Tax evasion
  • Fraud
  • Impulse buying
  • Payment conflict
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  1. Unknown21 Dec 2012, 12:18:00

    This has led to the integration of traditional payment methods into Internet-related technologies, PPI Claims

    ReplyDelete

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