E-payment: which is your best choice

A growing amount of economic activity is taking place on the Internet (Weiner, 1999). As a result, electronic payment displays a boom although paper based payment methods dominate the payment systems in the U.S. economy. So what is Electronic Payment? Electronic Payment refers to financial transactions that are made without the use of paper documents such as cheques or notes (“A consumer’s guide of electronic payments”, 2001).

Recently, there are many different e-payment methods emerging on the web. Facing a wide variety of options, consumers are confused about which one is the best. I believe that the best e-payment must have a stable and secure environment offering protection to the consumer. After comparing three e-payment systems, I have discovered every system has advantages and disadvantages. But, in general, I think credit/debit card online payment is the best system in E-Business currently.

In this essay, I will introduce three categories of e-payments and their wo...