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[Blaka]

The versatility of electronic payment processors extends to managing a diverse array of transactions, spanning online purchases, bill payments, money transfers, and subscription services. Their capabilities also extend to processing payments for goods and services in brick-and-mortar stores through mobile devices or contactless payment methods. Furthermore, electronic payment processors commonly accommodate recurring payments and exhibit the flexibility to facilitate transactions in various currencies.

 

[lamia5765]

Electronic payments are complementary means that you cannot find a type of transaction on a payment system you find on another or need to join a payment processor to process payment on a website like Skrill Payeer PerfectMoney Spectrocoin or Faucet Pay.

 

[Ptrikha90]

Yes they do help a lot in complex transactions, High value as well as huge volume of transactions.
Such systems need to be safe, hacker resistant and durable.

 

[IB DD]

Electronic payments systems can take up a variety of transactions. One van lead easily shop online, rechargee phones and pay utility bills with electronic payment apps. Some apps even allow you to fund betting accounts directly from the app. All of these are done with lightning speed.

 

[lamia5765]

Electronic payments systems can take up a variety of transactions. One van lead easily shop online, rechargee phones and pay utility bills with electronic payment apps. Some apps even allow you to fund betting accounts directly from the app. All of these are done with lightning speed.

Recharging a phone could be done by third payment provider in the API website itself, shop online is from debit card provided to the electronic payment system holder if they supports debit card to their countries, pay utility bills also is provided by third payment provider like case of spectrocoin.

 

[Blaise186]

Yes, most electronic payment processors can handle a variety of different types of transactions, including online payments, in-person payments, and even recurring payments. For example, PayPal and Stripe both support a wide range of transaction types, including credit and debit card payments, ACH bank transfers, and even cryptocurrency payments.