114 Copyright © 2020, IGI Global. Copying or distributing in print or electronic forms without written permission of IGI Global is prohibited. Chapter 6 DOI: 10.4018/978-1-7998-0035-4.ch006 ABSTRACT Technological advances and correspondingly the spreading usage of the Internet have signifcantly changed commerce, and also the concept of money has become more abstract. Customers with the help of the technological advances don’t have the necessity of cash money, and consumers/frms tend towards alternative payment methods. At this point, electronic commerce (e-commerce) web sites have started to use block chaining payment methods. In this digital world, new payment technologies have started to spread far and wide thanks to fast improvements in payment technologies, and they ofer diferent options in payment methods. Each electronic payment (e-payment) system has some advantages; however, each of them has some disadvantages as well. The aim of this study is to investigate the e-payment systems which are diferent from traditional payment methods. INTRODUCTION Almost 40 years ago, e-commerce started to come into our lives. As Miva (2011) suggests, e-commerce has allowed many new businesses to enter the online sector and it has still been growing with the ad- vancements in science, new technologies and innovations. There are apparently two time periods for this sector: the first period from the 1960s to 1990s was based on Electronic Data Interchange (EDI) Electronic Payment Systems in Electronic Commerce Rana Atabay Kuscu https://orcid.org/0000-0001-9968-5983 Istanbul Medipol University, Turkey Yasemin Cicekcisoy Istanbul Halic University, Turkey Umit Bozoklu Istanbul Gedik University, Turkey