An online payment method is how customers pay for a product or service. There are different types of online payments depending on the business type. Many different payment methods are available with internet banking and shopping, varying from business to business. You have to find which online payment method will suit the requirement of your business. It is critical for an online store/ eCommerce website to choose a suitable payment method. In these modern times, people are using more than one online payment method. By enabling different payment platforms, your online store can enhance the opportunities for more business. Types of Online payment platform Credit/Debit card payments Credit/ Debit cards are the primary way for customers to pay online. Credit cards are secure and easy to use. However, the customer must add details like card number, expiry date, and CVV, introduced as a precautionary measure. Net Banking Bank transfers are the most secure way of transactions as the transaction needs to be authenticated by the customers. Moreover, net banking does not require the user to have a card for payment purposes. Still, the user needs to register with their bank for the net banking facility. Mobile payments In this digital age, mobile payments offer a quicker solution for customers to purchase on Ecommerce websites. However, to set up the mobile payment on your phone, the customer must download software and link it to the credit card. Prepaid card payments A prepaid card is pay-as-you-go, and you can use it to pay online; it's similar to a debit and credit card, but you don't need an account. You can use it like any other card in shops or online. E-Wallets E-wallets is a prepaid account. It allows the customer to store multiple credit cards and debit cards in a secure environment. It requires a sign-up from the merchants and customers as well. Customers can make payments faster after the sign-up, and your Ewallet profile is created. Conclusion: Many different online payment methods are available, but choosing the right one is vital for a business. DPO Group is a leading payment gateway; they are the payment service provider for companies and individuals to accept payments.
0 Comments
Leave a Reply. |
|