The main characteristics of online payment of electronic cash in e-commerce;
1, anonymous.
This is also the advantage of paper money cash. The buyer pays the seller in digital cash, and no one knows the identity and transaction details of the buyer except the seller. If the buyer uses a complicated pseudonym system, even the seller does not know the identity of the buyer. Because there is no formal business record, even banks can't analyze and identify the flow of funds. It is precisely because of this that once electronic cash is lost, it will be as unrecoverable as paper money.
Protecting customers' privacy is the main advantage of e-cash, so e-cash can't provide information to track the holder, even when paying online.
2. Independence and versatility.
Electronic cash does not depend on the computer system used. There should be an agreement and authorization relationship between banks and merchants. Customers, merchants and electronic cash banks all need to use electronic cash software. Electronic cash bank is responsible for the transfer of funds between customers and merchants. Authentication is done by electronic cash itself. Electronic cash banks use digital signatures when issuing electronic money. In each transaction, the merchant sends the electronic money to the electronic cash bank, and the electronic cash bank verifies whether the electronic money paid by the user is invalid (forged or used, etc.). ). Not reusable. Once the electronic cash is used up, it cannot be used for the second time.
3. flexibility.
In the process of electronic cash payment, there is no need for the intermediary of the bank, so it can be used in a wider range, unlike credit cards which are limited to authorized stores, and it is more convenient and flexible to use.
4. Economical and efficient.
Electronic cash is transmitted directly between the sender and the receiver through the Internet to complete the payment process. It is not only efficient, but also economical in application. It can also be divided into small amounts, such as one yuan electronic cash, which is more suitable for the payment and settlement of some small funds on the Internet, such as C-C e-commerce payment.
5. Better security.
Make full use of digital signature, covert signature and other security technologies to ensure security and prevent denial and forgery. If necessary, background bank authentication can be added to improve the identification ability to prevent counterfeiting and repeated consumption. In addition, it is convenient to travel and you don't need to carry it, but you should pay attention to prevent it from being lost.
6. Dependence on electronic cash application software.
Customers, merchants and e-cash issuing banks all need to use the corresponding e-cash software.
7. It greatly saves resources and avoids the huge cost of storage, transportation and maintenance of similar paper money.