Card payments | Axepta BNP Paribas | The right payment solution for you (2024)

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Card payments | Axepta BNP Paribas | The right payment solution for you? ›

Card payments | Axepta BNP Paribas | The right payment solution for you. Start accepting card payments in your business Card payments on a payment terminal are a seamless way to accept payments in your business. They are hygienic, safe and fast for you and for your customers. Choose your package and terminal now.

Cash and digital payments have several main differences. Cash transactions involve the physical exchange of currency, such as barter or gold, while digital payments involve the transfer of money electronically using devices like mobile phones or computers .

Higher security

Electronic payments are considered much safer than cash, because of the multiple layered security measures such as encryption, tokenization, etc..

Key Points About: The Pros and Cons Of Cash Vs. Credit Cards. Paying with paper money can encourage mindful spending and budgeting habits, but cash lacks the convenience of credit cards, like making purchases online. Credit cards have greater security than cash and may give cash back rewards.

They can use different types of online payment methods, including debit/credit cards, wire transfers, net banking, and digital wallets. Online payments can be done at the discretion of consumers.

Debit and credit cards

Not only are they quick and easy to use, but they offer a relatively high level of security and protection of your private data. If you're using a credit card, you don't actually pay for the goods or services until your credit card bill is due.

India has made strides in digital adoption but faces challenges like infrastructure and literacy. Various modes like mobile wallets and net banking facilitate cashless transactions. Advantages include transparency and reduced black money, while disadvantages entail security risks and a digital divide.

Online payment platforms

There are online payment platforms that don't require a bank account, such as PayPal. With PayPal, you can fund your account through various methods, including credit card/debit cards or cash payments at select locations.

Which wallet can be used without a bank account? ›

Pocket UPI is an advanced feature that lets you make UPI payments with your MobiKwik wallet, without the need to link your bank account. Simply add any amount to your MobiKwik wallet, and pay any QR code or UPI ID, using Pocket UPI.

Digital transactions make record-keeping and credit-building easier since they create a clear trail. In addition, they have security features like biometric authentication and PINs, which lower the chance of theft as compared to cash.

Greater Payment Security

Cash On Delivery provides an added layer of payment security for buyers. They have the opportunity to inspect the product physically before making the payment, ensuring that they receive exactly what they ordered in satisfactory condition.

Online Means: Using internet connectivity for immediate processing of transactions. Offline Means: Transactions that are processed without the need of real-time internet. This includes non-electronic methods like cash or checks, as well as electronic methods that don't require immediate internet access.

Online payment definition

It encompasses a range of technologies and platforms that facilitate electronic fund transfers from the sender to the recipient. Online payment methods include credit cards, electronic bank transfers, digital wallets, and various other innovations in digital payments.