Assessing Electronic Payment Systems in the Iranian Electronic Retailers

Recent developments in applying information technology (IT) offer the most exciting business opportunities in the marketplace. Organizations must re-evaluate every aspect of their strategies and quickly move to a working mode where the electronic commerce is essential for their success. One of the main bottlenecks in the growth of e-Commerce is the lack of suitable payment systems. This paper reviews different electronic payment (e-Payment) methods and assesses to exploit them for electronic retailers in Iran by using multiple attribute decision making (MADM) model. The research findings show debit card, credit card, electronic check, charge card and electronic money are respectively the most suitable e-Payment methods in Iran. Therefore, debit card is the best e-Payment method.