online-payment

Vocabulary Word

Definition

Online-payment is a way of exchanging money through the internet. Instead of giving someone physical cash or writing a check, you use a bank card or a service like PayPal to send them money electrically.

Examples in Different Contexts

In e-commerce transactions, 'online payment' refers to the process of transferring money electronically for the purchase of goods or services on the internet. An e-commerce manager might say, 'We offer a variety of online payment options to ensure a smooth and secure checkout experience for our customers.'

Practice Scenarios

Tech

Scenario:

There seems to be a bug in the payment gateway of our app. Users are getting an error message during the transaction process.

Response:

I've been looking into this. It seems like an issue with our online payment gateway integration.

Business

Scenario:

We need to address the checkout bottleneck in our e-commerce platform. Perhaps we should consider integrating more payment options.

Response:

That's a great point. Adding multiple online payment options can definitely enhance our user experience.