STEPS FOR THE ELECTRONIC PAYMENT PROCESS

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For example debit cards the card linked to the bank account and used to withdraw from ATM machines can be used to pay for purchases made from a physical store. Electronic payment service providers charge commissions In fact electronic payment services are not provided for free. Rather there are always commissions that are added to the amount paid or the purchase amount in exchange for providing the electronic payment service.


Communications technology and the Internet represent an essential element for completing the electronic payment process This does not only apply to onl Belgium WhatsApp Number Data ine shopping operations but it applies to all electronic payment and financial trading operations even in the case of withdrawals from an ATM machine as the machine must be networked with the banks database.





Read also Everything you need to know about mada cards a short guide ? In this part we will explain how to complete the electronic payment process in clear steps. Let us assume here that the electronic payment process will be to purchase a product from an electronic store and it will be done through the use of a credit card Mastercard affiliated with the Bank of Egypt. Note Mastercard is a company specialized in issuing bank cards in cooperation with local banks and it is considered the most famous credit card network followed by Visa. A buyer who is online visits the online store.