Which of the following electronic payments is ideal for micropayments?
A) Electronic checks
B) Smart cards
C) Purchasing cards
D) None of the methods listed is suited to micropayments

Question

Quizplus · Accepted Answer

Smart cards are ideal for micropayments as they have a small storage capacity and can store small amounts of electronic cash, making them efficient for transactions with low value. Electronic checks and purchasing cards are not suited to micropayments as they involve higher transaction costs and are typically used for larger transactions.

Which of the Following Electronic Payments Is Ideal for Micropayments