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Electronic Payment (commonly abbreviated E-Payment) systems are electronic communications mechanisms, infrastructure and/or applications utilized for transferring funds designated in a common world currency, in exchange for goods, services or as an in-kind donations to a cause, individual or group.


E-Payments can be made using a real-world Currency, Digital Currency or Virtual Currency.

Difference from Digital Currency

E-Payments in a real-world currency (i.e. paying for a product online, such as buying a TV; or paying for a service, such as subscribing to a magazine) differ from Digital Currency E-payments in that they are measured and denominated (stored and represented) using a centralized real-world currency that is backed by a particular government, political coalition or central banking institution, and is already widely used (in circulation) in a given country or geopolitical region. In contrast Digital Currency E-Payments are carried out using a currency that is only digital in nature (i.e. cryptocurrencies such as BitCoin or eGold) which then have to be transferred over to a real-world currency before a final value exchange for real tangible goods or services.

Difference from Virtual Currency

E-Payments in a real-world currency differ from Virtual Currency E-Payments in that they denote a monetary value designed primarily for exchange for real, tangible goods and services (such as buying a toothbrush or paying for a trip to the dentist). In contrast, Virtual Currency E-Payments are made within an application, game or other virtual environment (typically online), for virtual goods (i.e. unlocking a character in a game, buying clothing or accessories for a character, earning a role, responsibility) within a Virtual Economy.



[4] [5] [6] [7]


Payment Links


[8] [9]






Amazon Checkout

Apple Pay & Passbook

Google Checkout & Wallet

Microsoft Wallet

BlackBerry Wallet


PayPal is one of the leading E-Payment brands/products/services and earliest success cases (but certainly not the first-mover).



Western Union




External Links


  1. Pay for Vancouver City Parking via PayByPhone: http://vancouver.ca/streets-transportation/pay-for-parking.aspx
  2. Vancouver Startup Payfirma Launches Mobile Payments App on Android: http://www.techvibes.com/blog/vancouver-startup-payfirma-launches-mobile-payments-app-on-android-2012-03-19
  3. wikipedia: Jumio
  4. Venmo - Its Business Model & Competition: https://www.investopedia.com/articles/personal-finance/010715/venmo-its-business-model-and-competition.asp
  5. How Safe Is Venmo and Is It Free?: https://www.investopedia.com/articles/personal-finance/032415/how-safe-venmo-and-why-it-free.asp
  6. How the Venmo Debit Card May Save PayPal: https://www.investopedia.com/investing/how-venmo-debit-card-may-save-paypal/
  7. We Found Joe Biden’s Secret Venmo... Here’s Why That’s A Privacy Nightmare For Everyone: https://www.buzzfeednews.com/article/ryanmac/we-found-joe-bidens-secret-venmo
  8. Flinks - privacy policy: https://flinks.com/privacy/
  9. How does Flinks (iFrame-based direct bank integration) integration process work?: https://help.flinks.com/support/solutions/articles/43000436245-how-does-flinks-integration-process-work-
  10. wikipedia: Paysafe_Group
  11. Postal Money Orders for Business: www.canadapost.ca/cpo/mc/business/productsservices/atoz/moneyorders.jsf
  12. CanadaPost landing page on MoneyGram partnership/stake: https://www.canadapost.ca/cpc/en/personal/money-government-services/send-money/international-money-transfers.page
  13. Set up Apple Pay (as a user): https://support.apple.com/en-us/HT204506
  14. How to Integrate Apple Pay into Your App and Website: https://gbksoft.com/blog/integrate-apple-pay-into-app-website/
  15. Apple Pay dev docs: https://developer.apple.com/design/human-interface-guidelines/apple-pay/overview/introduction/
  16. Apple Pay on the Web: https://developer.apple.com/documentation/apple_pay_on_the_web
  17. wikipedia: Passbook (application)
  18. What is Passbook?: https://passbookinfo.com/what-apple-passbook/
  19. Apple’s Passbook Could Be A Platform, Not Just Another Mobile Payments Rival: http://techcrunch.com/2012/06/13/apples-passbook-could-be-a-platform-not-just-another-mobile-payments-rival/
  20. Microsoft demos Windows Phone 8 mobile wallet:
  21. Microsoft Wallet will be standard on every Windows Phone: http://www.geek.com/articles/mobile/microsoft-wallet-will-be-standard-on-every-windows-phone-2012119/
  22. Research In Motion to introduce Mobile Wallets: http://www.theprovince.com/technology/tech-biz/Research+Motion+introduce+mobile+wallets/7427607/story.html#axzz2CD80JfxW
  23. Joomla Extension - 0creativity.net -- Paypal 1.5 plugin: http://extensions.joomla.org/extensions/e-commerce/payment-systems/6522
  24. OpenCart - MoneyBookers module: http://code.google.com/p/opencart/source/browse/trunk/upload/catalog/controller/payment/moneybookers.php?spec=svn86&r=86
  25. Moneybookers Payment Gateway: http://www.zen-cart.com/index.php?main_page=product_contrib_info&cPath=40_48&products_id=940
  26. PHP Payment Gateway class (PayPal, Authorize.net, 2CO): http://www.phpclasses.org/package/5213-PHP-Accept-payments-with-Paypal-Authorize-net-and-2CO.html
  27. A guide to merchant category codes: http://www.merchantaccountguide.com/merchant-account-news/a-guide-to-merchant-category-codes-32.php?aid=2741cce8&rss_lnk=24
  28. A Multi-Gateway Payment Processing Library for Java: https://dzone.com/articles/multi-gateway-payment-processing-library-for-java
  29. PayPal Subscriptions - How It Works: http://www.paypalobjects.com/en_US/ebook/subscriptions/howitworks.html

See Also

NFC | Bank | Money | Currency | Virtual Currency | Micropayment | E-Commerce | Economy | Copyright