Discuss the difference between accepting a payment online versus in person and describe some of the problems associated with online payments from the vendor and customer points of view.
Be sure to answer the following questions in at least 250 words and provide 2 references.
1. How do you believe payment system benefits, complications, and complexity can help or hinder new online business owners from establishing a business online? Compare and contrast new owner scenarios with large and established businesses.
2. How do you believe customers view online payment systems?
Reference
Turban, E., King, D, Lang, J. (2011). Introduction to Electronic Commerce (3rd ed.). New Jersey: Prentice Hall.