Payment history

Money Over Time

Credit cards 

It’s not only one way to pay bill with coins and paper currency. To overcome this problem, credit card was introduced more than 60 years ago.  Customers can pay money to merchant via using credit card for products and services. Merchant can take an imprint of customer card and compare sign on receipt with the one on back of card. After validation of card details and verification of customer’s sign, money transfer from customer’s bank account to merchant account. eCommerce solution provider companies can integrate credit cards with ecommerce or any websites easily.

Today companies, hotels, e-Commerce, shops, etc. accept credit card for transfer amount between merchant and customer bank account.

Internet payment 

After Internet became popular, banks and eCommerce solution provider companies realized that money made on the web.  Banks allow customer to perform transaction 24 hours using Internet. Using Internet payment, it is very easy to validate and verify customer details which are stored in web servers. Internet also validates credit/ debit card details, so in the shop customers provide credit card number and expiration date instead of presenting physical card.