electronic payment system is the financial business between the buyers and sellers in an online environment like debit card,e cheqe etc. By reducing the use of paper e payment system has revolutionized the business world. Due to the widespread use of online shopping and other online services the use of electronic payment system flourished .The trend of carry money in wallet have reduced because now it is mush easier to transform your mobile into currency.
Convenience is the key reason why people are choosing electronic payment methods. A costumer can also enjoy various benefits like discounts or money back facilities in such payment methods.It is also possible to keep a good record of expenditure using this method. Reduced chance of theft is an added advantage. merchant credit card processing USA