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Electronic Cash - E-Payment System, E-Commerce Video Lecture | E-Commerce - B Com
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100 videos|55 docs|19 tests
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FAQs on Electronic Cash - E-Payment System, E-Commerce Video Lecture - E-Commerce - B Com
| 1. What is electronic cash? |  |
Ans. Electronic cash, also known as e-cash, is a form of digital currency that allows online transactions to take place electronically. It is a virtual representation of physical cash and can be used for making purchases and payments over the internet.
| 2. How does an e-payment system work? | |
Ans. An e-payment system facilitates the electronic transfer of funds between two parties involved in a transaction. It typically involves the use of a secure online platform, such as a digital wallet or a payment gateway, to transfer money from the buyer's account to the seller's account. This eliminates the need for physical cash or checks and provides a convenient and secure method of making payments.
| 3. What are the benefits of using electronic cash in e-commerce? | |
Ans. Using electronic cash in e-commerce offers several benefits. Firstly, it provides a faster and more efficient way of making payments, as transactions can be completed in real-time. Secondly, it offers convenience, as users can make payments from anywhere and at any time using their digital devices. Additionally, e-cash transactions are often more secure, as they can be encrypted and authenticated to protect against fraud and unauthorized access.
| 4. Are e-payment systems safe for online transactions? | |
Ans. Yes, e-payment systems are generally safe for online transactions. They employ various security measures, such as encryption and authentication, to protect sensitive information and prevent unauthorized access. However, it is important for users to ensure that they are using a reputable and secure e-payment system, and to follow best practices such as using strong passwords and keeping their devices and software up to date to further enhance security.
| 5. What are some popular e-payment systems used in e-commerce? | |
Ans. There are several popular e-payment systems used in e-commerce, including PayPal, Stripe, Apple Pay, Google Pay, and Amazon Pay. These platforms offer secure and convenient ways to make online payments and are widely accepted by many online merchants. Each system may have its own unique features and benefits, so users can choose the one that best suits their needs and preferences.
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Nov 22, 2024 Last updated |
Video Description: Electronic Cash - E-Payment System, E-Commerce for B Com 2024 is part of E-Commerce preparation.
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