Question

What are the benefit of Electronic payment.

Answer 1

the benefits of electronic payment are as follows

1.it allows the customer of cashless payment for the goods and other things

2.it saves our time and reduces transaction cost

3it can be done very easily only touching a switch off mobile

4.reduces risk of loss and theft

5.Low Commission

6.user-friendly

it is mostly safest medium but there are some disadvantages also

Answer 2

Electronic payment allows your customers to make cashless payments for goods and services through cards, mobile phones or the internet. It presents a number of advantages, including cost and time savings, increased sales and reduced transaction costs.