Page 131 - iPlus_Ver_2.0_class_6
P. 131

Modes of Payment

                 All the e-commerce websites provide various modes to make payment for the product or service
                 that you want to buy. Some of them are as follows:
                 •  Debit or Credit Card: E-commerce websites allow us to make payment by using our credit
                    or debit card. We make payment by using the debit card which will be debited from the
                    bank  account.  We  must  have  a  sufficient  balance  in  the  bank  account  to  complete  the
                    transaction. In the case of a credit card, we are provided with a credit limit by the bank
                    which we can use to purchase products. To avoid online fraud, each credit or debit card
                    has a three-digit unique secret Card Verification Value (CVV) number on the back side of it.
                    Now, the bank also sends a One-Time Password (OTP) to your registered mobile number to
                    verify its authenticity.

                 •  Net Banking: We can directly use the bank account to make payments online. Every bank
                    provides a unique Customer ID or Net Banking ID and a PIN to each customer of the bank.
                    With the help of the Customer ID and PIN, customers can make the payment while purchasing
                    products from e-commerce websites. Similar to a credit or debit card, an OTP is received on
                    the registered mobile number in the case of net banking.
                 •  E-Wallet: E-wallet or Electronic wallet refers to a digital wallet that is used to make payments
                    online. We need to add money from the bank account to the e-wallets before using it. Most
                    e-commerce websites provide their own e-wallet. Some banks also provide e-wallet to their
                    customers. Some third-party organisations also provide payment support to their customers.
                    GooglePay, Paytm, PayPal, Bhim, PhonePe, and Airtel Money are the most commonly used
                    Payment Service Providers (PSP).

                 •  Cash on Delivery (COD): Most e-commerce websites allow us to make the payment by cash
                    while receiving the product at your residence.
                 Online Shopping


                 The process of purchasing products online is called online shopping. You can purchase almost
                 everything online. We must have registered with the e-commerce website from which we want
                 to buy products. We have learned about e-commerce websites and payment modes till now.
                 Now, let us learn how to purchase products from an e-commerce website.
                 To purchase products from an e-commerce website, follow the given steps:



                                 1  Type www.
                                 flipkart.com and
                                 press the enter key.



                                 2  Enter your login
                                 in details and click
                                 on Login button.








                                                                                                                 129
                                                                                              More on Internet
   126   127   128   129   130   131   132   133   134   135   136