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what is the payment mechanism which is peculiar to e-business called?

Posted by Rohit Singh 5 years, 10 months ago

CBSE > Class 11 > Business Studies

4 answers

Mansi Kulshreshtha 5 years, 10 months ago

Digital cash- debit and credit cards

Maheshwari Mansi 5 years, 10 months ago

Credit and debit card

Kamakshi Rana 5 years, 10 months ago

Digital cash

Yogita Ingle 5 years, 10 months ago

The payment mechanism that is typical to e-business is e-cash. The other payment mechanisms mentioned—CoD, cheques, and credit or debit cards—are used for transactions in traditional modes of business as well as in e-business. However, e-cash payment can be made only in the case of online transactions and cannot be used in traditional modes of business.

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