Nowadays, when e-commerce is gaining a firmer footing in the global economy, the question of how to accept payments and make money transfers online is inevitably coming up. In this field payment systems become a great helper.

Payment system, to put it simply, is a way to conduct financial transactions without using cash, by means of bank cards and electronic money. Here we can talk about payment for goods and services at various online stores, money transfers, and more.

Electronic payment system is a subset of the payment system. It provides the process of payments through the Internet.

With the development of e-commerce, the number of payment systems is increasing. They are becoming faster and more secure. This suggests that the number of cash transactions in the world will steadily decrease.

One of the main questions when choosing a payment system is security. In order to ensure security, payment systems use different methods of customer authentication. When you connect a payment gateway, you will need to confirm the legality of your business by providing documents and signing an agreement with a payment system provider. On the side of the payment system identification takes place, after which you will be able to conduct transactions in this payment system. You also need to provide documents and be verified in order to use e-wallets.

In addition to the formal part, there is also the technical side of Internet payment security. This is a rather complicated and specific process, to which modern payment systems pay special attention. Information security in electronic payment systems is provided, in particular, by means of various security certificates, Internet connection encryption, confidentiality of personal data and so on.

As a rule, electronic payment systems are well protected. Quite often hacks and other illegal actions take place at the expense of fraud, the result of which is inattention on the part of the user. Therefore, pay due attention to the safety of personal information.