Many retailers also sell stored value cards in place of gift certificates. Some stored-value cards work offline, say, to buy a candy bar at a vending machine; others work online, for example, to buy an item from a website; some have both offline and online features. Some cards can be "reloaded" with additional value, at a cash machine; other cards are "disposable" - you can throw them away after you use them. Some stored-value cards contain computer chips that make them "smart" cards: These cards can act like a credit card as well as a debit card, and also can contain stored value.
While we will focus on credit cards and EFTs as the method of choice for e-commerce, there are some exciting new interernet-based payment systems allow value to be transmitted through computers, sometimes called "e-wallets." You can use "e-wallets" to make "micropayments" - very small online or offline payments for things like a magazine or fast food. When you buy something using your e-wallet, the balance on your online account decreases by that amount. "E-wallets" may work by using some form of stored value or by automatically accessing an account you've set up through a computer system connected to your credit or debit card account. .
Another form of online payment is the digital certificate. They are a small file that are encoded with all the information that is required for the use of e-payments This includes the name of the buyer, there current location, and there credit card number. These files are very small and can be transported wherever the user goes. This helps to make transactions quick and simple for both the business and the consumer. This standard is also catching on due to the fact that there are many built insecurities being developed for this type of payment.
Making E-Commerce Safe.
It is recommended that you make sure your transactions are secure and your personal information is protected.