How Electronic Payment Works

electronic payment
Do you know how to use your card as electronic payment method? John Scott / Getty Images

When it comes to payment options, nothing is more convenient than electronic payment. You don't have to write a check, swipe a credit card or handle any paper money; all you have to do is enter some information into your Web browser and click your mouse. It's no wonder that more and more people are turning to electronic payment -- or e-payment -- as an alternative to sending checks through the mail.

In this article, we'll look at the types of electronic payment, discuss its benefits and limitations and explain how to add e-payment capability to your Web site.