The principal electronic payment system for electronic Commerce is All of above.
A credit card is a payment card issued to users to enable them to make purchases from merchants or online services. The card is a plastic, generally rectangular piece of plastic with a magnetic stripe on one side that contains information about the cardholder’s name, account number, and expiration date. When a cardholder makes a purchase, the merchant swipes the card through a card reader and the information on the card is transmitted to the card issuer, who authorizes the transaction. The card issuer then debits the cardholder’s account and credits the merchant’s account.
A digital wallet is an electronic device or online service that allows users to store their credit card information and make payments online or in stores. Digital wallets are becoming increasingly popular as they offer a more convenient and secure way to make payments than traditional methods such as cash or credit cards.
An electronic cheque is a digital version of a paper cheque. It is used to make payments electronically, without the need to write a physical cheque. Electronic cheques are typically used for business-to-business payments, but they can also be used for consumer payments.
All of these payment methods are widely used in electronic commerce.