DIGITAL PAYMENTS – THE BENEFITS AND CONVENIENCE

WHAT ARE DIGITAL PAYMENTS?

Simply put, digital payments are any financial transaction where cash or a physical check isn’t exchanged. Both the merchant and customer agree to accept a virtual payment for the purchases of goods or services. Digital payments can happen via a variety of methods and utilized in a variety of industries – credit unions, collection agencies, and e-commerce stores all need the payment acceptance methoff. A credit or debit card is most commonly swiped at a physical terminal or entered online via an e-commerce site’s online shopping cart. If you’re looking to create a secure online payment form, check out our helpful article. Some pop-up businesses also flaunt mobile payment systems.