Benefits of online cash payment

Ariella Felita Vashti NIM 2401989625

Benefits are provided by online cash payment. Among them are as follows:

• The time needed to transact becomes more effective and efficient The application of online cash payment makes any type of transaction can take place quickly and easily because it can be done through various devices connected to the internet. We do not need to meet in person if we want to carry out buying and selling activities because transactions can be done online.
• Transactions can be made anywhere and anytime Online cash payment is done using the internet. With the internet, we can transact anywhere and anytime. Transactions do not need to be made at certain hours. We also do not need to spend transportation costs because transactions can be done directly anywhere, for example when we are at home.
• Payment security is more guaranteed In making online cash payment transactions through internet banking security will be more guaranteed because e-banking sites must use security standards that are strict enough so that every service provided security is guaranteed and can only be utilized by parties who have rights. But it can also be a disadvantage of online cash payment because electronic data is easy to hack and has happened several times. In everyday life, online cash payment is often done, especially in Indonesia. An example of its implementation is when we buy goods online through one of the marketplaces. When we have checkout, we can choose a payment method of interbank transfer. With that, we can simply enter the virtual account number of the account and make transactions in the form of transfers using mobile banking or SMS banking. Another example is the use of digital wallets to transact. When we want to buy something, we can transact using a digital wallet.

BIBLIOGRAPHY

Dr.M Sumathy, V. K. (2017). Digital payment systems: Perception and concerns. International Journal of Applied Research 2017; 3(6): 1118-1122.

Momin Mukherjee, S. R. (2017). E-Commerce and Online Payment in the Modern Era. International Journal of Advanced Research in Computer Science and Software Engineering.