Person shopping at home using an online payment systems.

The Basics of Online Payment Systems

As a modern business owner, taking any type of payment is a must. It’s not enough to take a customer’s payment at a point of sale (POS) terminal in a brick and mortar location. Your business must be equipped to process online payment options from an ecommerce platform in order to maximize your profitability. How do these online payment systems work? Here’s a rundown of how online payment platforms function.

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