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What is the key benefit of using an intermediary in online payment systems?
  • a)
    Intermediaries provide complete anonymity for buyers and sellers.
  • b)
    Intermediaries resolve uncertainties about security and identity.
  • c)
    Intermediaries reduce transaction costs for consumers.
  • d)
    Intermediaries eliminate the need for any payment-related hardware.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the key benefit of using an intermediary in online payment sys...
The key benefit of using an intermediary in online payment systems is that they resolve uncertainties about security and identity. They provide additional security and authentication layers in electronic transactions.
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What is the key benefit of using an intermediary in online payment systems?a)Intermediaries provide complete anonymity for buyers and sellers.b)Intermediaries resolve uncertainties about security and identity.c)Intermediaries reduce transaction costs for consumers.d)Intermediaries eliminate the need for any payment-related hardware.Correct answer is option 'B'. Can you explain this answer?
Question Description
What is the key benefit of using an intermediary in online payment systems?a)Intermediaries provide complete anonymity for buyers and sellers.b)Intermediaries resolve uncertainties about security and identity.c)Intermediaries reduce transaction costs for consumers.d)Intermediaries eliminate the need for any payment-related hardware.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the key benefit of using an intermediary in online payment systems?a)Intermediaries provide complete anonymity for buyers and sellers.b)Intermediaries resolve uncertainties about security and identity.c)Intermediaries reduce transaction costs for consumers.d)Intermediaries eliminate the need for any payment-related hardware.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the key benefit of using an intermediary in online payment systems?a)Intermediaries provide complete anonymity for buyers and sellers.b)Intermediaries resolve uncertainties about security and identity.c)Intermediaries reduce transaction costs for consumers.d)Intermediaries eliminate the need for any payment-related hardware.Correct answer is option 'B'. Can you explain this answer?.
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