Different types of online payment methods for eCommerce
There are multiple features that an eCommerce website must have to do business. The most important way for all of them is to get paid online. If you cannot take payments online, your business’s main aim, i.e. making money, becomes impossible. In this competitive world, having one way to receive payments is required, but having different methods gives you an advantage.
eCommerce businesses have different types of online payment methods. You have to ensure that you are providing the best online payment method to your visitors. They make the payment process fast and easy. They provide encryption to keep your customer’s information safe.
It would be best if you had a better understanding of online payment methods and how they all work together. Many online payment methods like PayPal, Square, Stripe, Mastercard, Visa, Braintree, Amazon Pay, Google Pay, Apple Pay, WePay, Verifone, and many others.
PayPal is also one of the most commonly used online payment methods worldwide. PayPal is built on advanced and powerful technology that allows you to accept credit and debit cards easily, offer PayPal to your customers, and buy now and pay later options, including Pay in 4 and PayPal Credit through your online store. You can also do payments through different social platforms like Facebook, Pinterest, and Instagram through PayPal.
Offering fast, easy, and secure payment acceptance to customers, stripe works with Google Pay, Apple Pay, and Masterpass. Stripe is PCI-certified and receives international transactions from customers all over the world. Square is also one of the common online payment methods for eCommerce sites. Square allows you to sell online and in-person with two-way inventory sync and provides a robust suite of tools. It helps you grow your business and increase your performance, including payroll and time management, employee-specific access management, customer engagement, and online invoices.
BlueSnap is a single global platform to receive payments from anywhere and on any device, offering global payment processing and multi-currency support. BlueSnap supports over 100 currencies, and buyers can select from 16 different payout currencies in just one account. With BlueSnap, merchants can receive significant credit card payments and regional cards like China Union Pay. You’ll also get top-notch security and detailed analytics and reporting. Klarna is also an online payment method for eCommerce sites. With Klarna, you can offer no-liability financing options at checkout, including build-in fraud protection.