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The online payment system has its own advantages and disadvantages. It is now days became popular and successful between all the customers because it have its own benefits. The method of payment is easy and as well as safe. Initially when the online payment was introduced people were very confused and they were fear too to use it because they don’t know about the product but now all are making their own payment through this system only and it made the time efficient also.

In these days the credit cards and smart cards have become more convenient and popular among all stages of people and they feel it is very easier instead of going directly and the time is also wasted, but now it can be utilised for some other purposes

There are two types of online payment processing which are which are manual and real time payment processing. Where manual payment can be done through credit card by phone, fax and any of the online mode of transaction where as real time processing the business people can pay through online at any time, there is no time specification at all. Online payment is secured compared to the manual payment and the cost is also not too high which is compared to other modes of payment.

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