Cheques vs Credit Cards      

E-cheques:  E-cheques are used for business dealing in e-commerce.  Transactions of these cheques take place on Internet. In this system the electronic cheque is issued by the buyer to the seller.  The e-cheques are then deposited by the seller in the bank account. A number of agencies like clearing house, certification authority, buyer's bank and seller's bank participate in the whole process along with the real seller and the buyer. 

Credit Card: This is a normally used transaction card. After purchases are made, the card enters the transactions among the credit card.  The card issuer transfers the needed amount of money to the seller's account.  The bill for such an amount is raised to the cardholde