Type of online payment

Credit Cards

The most broadly utilized strategy for online installment is permitting clients to charge their buys to a significant Visa, similarly as they would do in a physical store. To work with this, you should utilize the administrations of a web-based installment processor.

Electronic Checks

Many payment processors allow you to accept electronic checks or “e-checks” from your customers. The purchaser inputs her bank routing number and checking account number into your online order form.

PayPal

PayPal is an alternative to traditional credit cards and e-checks that allows you to collect payment from your customers. PayPal takes money from one user’s PayPal account and transfers it to another PayPal user’s account instantly

Gift Cards

Two types of gift cards are common: store-specific gift cards and those issued by major credit card companies. Cards issued by credit card companies process just like ordinary credit cards. If your small business website uses a service capable of processing credit cards from gift card issuers such as Visa and Mastercard.

Smart Card

It is a plastic card embedded with a microprocessor that has the customer’s personal information stored in it and can be loaded with funds to make online transactions and instant payment of bills. The money that is loaded in the smart card reduces as per the usage by the customer.

Mobile Payment

One of the latest ways of making online payments are through mobile phones. Instead of using a credit card or cash, all the customer has to do is send a payment request to his/her service provider via text message; the customer’s mobile account or credit card is charged for the purchase.