What technology is commonly used for online payment systems? 🔊
Common technology for online payment systems includes payment gateways and cryptographic protocols to ensure secure transactions. Solutions like PayPal, Stripe, and Square enable businesses to process credit and debit card transactions electronically. These platforms typically use encryption to protect sensitive information during transmission, providing both convenience for customers and security for merchants. Moreover, many systems also support mobile payments and e-wallets to enhance user experience.
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