3. The basics about e-payment

Learning outcomes:

  • Define e-payment and explain its relevance in today’s digital age.
  • Evaluate the benefits and drawbacks of using e-payment methods for transactions.
  • Analyse the advantages and disadvantages of the most common e-payment methods.
  • Assess the factors that make an online shop trustworthy for e-payment transactions.
  • Demonstrate how to use the most common e-payment methods for secure transactions.

Duration: 1,5 hours 

Key words: e-payment, digital wallet, paypal, benefits, challenges, credit card, invoice, domestic bank card, bank transfer, gift cards, cash on delivery, paying by phone/smart watch

References

Welche Bezahlmethode ist online die sicherste? (n.d.). Bundesamt Für Sicherheit in Der Informationstechnik. Retrieved February 8, 2023, from https://www.bsi.bund.de/DE/Themen/Verbraucherinnen-und-Verbraucher/Informationen-und-Empfehlungen/Online-Banking-Online-Shopping-und-mobil-bezahlen/Online-Shopping/Bezahlen-im-Internet/bezahlen-im-internet.html?nn=131590

Bezahlen beim Online-Shopping: Vor- und Nachteile von Bezahldiensten | Verbraucherzentrale.de. (2023, January 10). Verbraucherzentrale.de. Retrieved February 8, 2023, from https://www.verbraucherzentrale.de/wissen/digitale-welt/onlinedienste/bezahlen-beim-onlineshopping-vor-und-nachteile-von-bezahldiensten-61294

Bezahlarten im Internet: Welche Zahlmöglichkeiten sind sicher? (2021, March 29). eCommerce Verbindungsstelle Deutschland. Retrieved February 8, 2023, from https://www.ecommerce-verbindungsstelle.de/einkaufen-im-internet/bezahlen.html

Lietzau. (2022, May 3). Sicher im Internet bezahlen mit PayPal & Co. - Finanztip. Sicher Im Internet Bezahlen Mit PayPal & Co. - Finanztip. Retrieved February 8, 2023, from https://www.finanztip.de/online-banking/bezahlen-im-internet/

Online payment methods in Europe. (2022, December). Ecommerce News. Retrieved February 8, 2023, from https://ecommercenews.eu/online-payment-methods-europe/

Top 10 Advantages and Disadvantages of Online Payments. (2022, July 26). NTT DATA. Retrieved February 8, 2023, from https://www.nttdatapay.com/blog/advantages-and-disadvantages-of-online-payments/

S. (2020, October 26). Which Mobile Wallet is Right for You: Apple Pay Vs Paypal Vs Google Wallet - Fitzsimons Credit Union. Fitzsimons Credit Union. Retrieved February 28, 2023, from https://www.fitzsimonscu.com/which-mobile-wallet-is-right-for-you-apple-pay-vs-paypal-vs-google-wallet/