Business development · 15 July 2020

5 ways youre-commerce business can accept online payments

As a merchant business, once you’ve decided to go online, there’s no getting around the options available to you the internet is where everything happens. For a fact, you know that people will patronise you over the internet. And in a similar vein, pay you through the web too.

The question now is, how do you intend to accept payments for the services or goods you’re offering online? Will you be accepting wire transfers, card-not-present transactions, or will you be taking payments directly into your local bank account??

Be it as it may, there are various options for you to explore. The only restriction is that they all happen over the internet.

To help you decide on how youll be accepting payments from customers online, check out the list of payment options weve compiled in this guide.?

Credit and debit card options?

Ifyou want to appeal to a larger group of customers, then you’ve got to set your store up to accept this?option of?payment.Credit and debit cards are the commonest groups of payment optionsadopted by most online shoppers. So, when they come to your store, they expect to find the option there.?

On the downside, though, ?there is a huge potential forfraud (credit card scams) and?chargebackswhen you accept payment this way. As a result, most payment processing companies might be unwilling to deal with you. And even those that agree to deal might charge you hefty fees.?

The good news??

There are some payment processing companies like?iPayTotalthat specializes in helping high-risk merchants like yours create their own dedicated merchant accounts, while also catering to their payment processing needs, all at an affordable cost.?So, if a payment processor has rejected or overcharged you before, you’re in luck. Just visit the?iPayTotalwebsite to?getyour?high-risk?credit card processingdone.??

Click-to-pay email invoicing?

What about payment through an email? Don’t you think that would seem more professional? Of course, it will! Send your buyers a payment invoice by email and let them complete their purchase within a matter of seconds by?simply making a few clicks from their email to your website payment form.?

Accept?eChecks?

What about those customers who want to pay directly using their checks and not cards; how will you cater to them ?


 

ABOUT THE EXPERT

Uday Tank's background in science and journalism gives him a broad base from which to approach the various topics about which he writes.

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