Meet 5 e-commerce Payment Methods featured in the market


Purchases of products,reservations and contracts of services over the Internet are not only widespread but also have a clear upward trend. Stores and physical warehouses implement online collection systems to expand their sales possibilitiesthrough this means. Thanks to online convenience, more and more corporate models arise to develop on the internet that has reduced the chances of business mistakes of payments by 50%.

Something advisable and common in all cases is to try to make thepayment method simple and secure. Below are5 most common types of payment options for e-commerce websites:

  1. Counter-refund

The customer performs the payment of the expense at the time of delivery. This payment can be made to the courier guy of the parcel firm that provides the service of distribution of the goods.

This is considered safest method from the client’s point of view, by not taking risks until the product is in his possession. But for the seller it can carry a number of expenditures depending on multiple factors, especially, in case the shopper rejects the delivery for lack of liquidity or any other reason at the time of delivery.

  1. Bank Heel

The bank provides the account holder a check-book,to fill in the figure for the sum of the purchase or service. By handing it over to the retailer, the vender may withdraw the amount of the same bank to which the shopper belongs, even from another bank with additional management charges.

  1. Email, profile or account

PayPal and Google Checkoutare some of the organizations with efficient and easy-to-deploy online payment arrangements. Thanks to the features or devices that make these establishments available to the operator, both from the point of view of the purchaser and the seller.

The user has a virtual account to which he transfers funds from his bank account to make payments, make collections or both. These systems may require to prove certain documentation regarding the discharge derived from a normal activity at the time of withdrawal of the funds.

  1. Bank transfer

Bank transfer is one of the most traditional types of payment options for e-commerce websitesthat involves transacting funds from one bank account to another without physically receiving the currency. It is important to negotiate the commissions and conditions that the bank will execute, these will depend on the sum of the transaction, type of management and volume of sales.

For transactions between accounts of the same bank, there is no handling fee charged by the bank. But between different banks they usually charge commission to the issuer of the funds or person making the payment.

  1. Mobile payment

The latest system that allows payment to be made through a mobile,without having to carry any other device or card that accredits us. The patron receives a message in his terminal with information about the amount, references and commerce to the goods he selects, and authorizing the process with his code approves the purchase.

From a generational point of sight, mobile payment methods tend to be more accepted among a younger audience as they are familiar with the use of smartphones. This method is trustworthy among youths as the chances of business mistakes by provider’s side is almost nil.

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