What are the limitations of online credit card payment?

credit card is plastic money issued by banks and credit card companies, which allows you to spend now and pay later.

Limitations of Online Credit Card Payment Systems

■Security: neither merchant nor consumer can be fully authenticated

■ Cost: for merchants, around 3.5% of purchase price plus transaction fee of 20 – 30 cents per transaction

■ Social equity: many people do not have access to credit cards (young adults, plus almost 100 million other adult Americans who cannot afford cards or are considered poor risk)

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