Quiz Complete, well Done!
Why do people use third party payment systems?
A major benefit of third party payment systems is that they allow for
transactions with ease.
Peer-to-Peer Payments
Which of the following is an example of a third party payment system?
Merchant Account
One advantage of using third party payment systems is increased
for online transactions.
Chargeback
Fraud Prevention Tools
Alternative Payment Methods
Third party payment systems can offer buyers a level of
against fraud.
A third party payment system allows users to make transactions without directly using their
accounts.
Examples of third party payment systems include
, Venmo, and Stripe.
What is a common feature of most third party payment systems?
Privacy concerns are an important consideration when using a
party payment system.
In a third party payment system, the responsibility of handling sensitive payment information falls on the
.
What is a third party payment system?
Escrow Service
Third party payment systems often charge a
for processing transactions.