Internet Shopping and Payment Systems
Internet shopping is the in-thing today. People buy everything from books to mobile phones on the Internet. The most common method of paying is using a debit or credit card. The evolution of payment systems started with the Barter System which saw the exchange of goods. For example, people with a bag of rice exchanged it to a sack of potato. With the creation of money, the debit and credit system of payment was created. When you buy something and pay for it then and there, this is called a debit system while buying on the basis of a promise to pay later is called credit system. Buying and selling became online and people started using the Internet for making their payments.
Author: Regular Articles
Tell a friend