Online Shopping By Electronic Cash

Electronic Fund Transfer

Electronic fund transfer (EFT) is another method of payment used for online shopping. These mode of transactions are complicated and are not popular. However there are few exceptions such as Octopus Card System in Hong Kong.

Web Based Merchant System

Paypal & 2Checkout are the leading online shopping merchant systems. This systems stores money in electronic form and transaction between user credit card / user account to merchant accounts are done almost instantly.

Cash on Delivery

In this system payment is made only at the time of delivery of products.