An e-commerce payment is a payment made by customers in exchange for goods or services in online shopping transactions. These payments are usually made through secure payment systems over the internet and a variety of methods can be used. These methods include credit cards, debit cards, online payment platforms, bank transfer, e-wallets and sometimes mobile payment systems.
E-commerce payments use encryption and other security protocols to ensure a secure financial transaction between buyer and seller. This process includes protecting the customer's payment information, ensuring that the payment reaches the correct recipient and recording the transaction. E-commerce payments are an essential component of online shopping, providing a fast and secure shopping process that streamlines the user experience.