How will you do the Micro electronic payment transactions?

1.	How will you do the Micro electronic payment transactions?
Answer» In general, the parties involved in the micro on-line payments are Customer, Service Provider and Payment processor. The Micro electronic payment transactions can be explained in the following way. Step 1: Customer proves his authentication and the payment processor issues micro payments. Step 2: Customer pays the micro payments to the online service provider and gets the requested goods or services form them. Step 3: Service provider deposits micro payments received from the customer to the payment processor and gets the money.

Answer»

In general, the parties involved in the micro on-line payments are Customer, Service Provider and Payment processor.

The Micro electronic payment transactions can be explained in the following way.

Step 1: Customer proves his authentication and the payment processor issues micro payments.

Step 2: Customer pays the micro payments to the online service provider and gets the requested goods or services form them.

Step 3: Service provider deposits micro payments received from the customer to the payment processor and gets the money.

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