Advantages of Electronic Payment Systems
1. Â Privacy.
2. Â Integrity.
3. Â Compatibility.
4. Â Good transaction efficiency.
5.   Acceptability.
6. Â Convenience.
7. Â Mobility.
8. Â Low financial risk.
9. Â Anonymity.
1) The greatest advantage of e-payments is the convenience. I.e. customer can pay on one from any locations 24 hours day, 7 days a week.
2) E-payments have reduced the amount of time spent on bill management or payment by about
60%.
3) Compared to the cost of postage, check writing has any online payment can save the money.
4) E-payments are secure.
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