They just need to register for the netbanking facility with their bank. The only difference is that the customers do not require entering their card details. The process of payment is similar to a debit card where the amount debits instantly from the customer’s bank account. Netbanking, also referred to as Internet Banking and Online Banking, is also amongst the widely used eCommerce payment methods. This payment mode is ideal for those customers who prefer to spend within their financial limits.Ī debit card allows customers to pay with their saved money in their bank account, unlike a credit card where the amount is billed and need to be paid at the end of the billing cycle. Similar to Credit Card, Debit Card is also a widely accepted online payment method and highly popular in India. This payment option is supported by every eCommerce platform. A customer just needs to enter some card details like the card number, card expiry date and the card verification value abbreviated as CVV. It is the default payment option on a majority of eCommerce websites. Credit CardsĬredit Card is the most popular form of online transactions and is considered a global payment solution. The list will consider some popular eCommerce payment system (apart from COD) and help you in identifying what would be ideal for your business. Let’s take a look at the different types of payment methods in eCommerce. Today, customers also demand multiple payment options on an eCommerce website so that they can choose their desired payment mode. You will have a number of options to choose from, but what’s suited best for your business, for your region, what are the trending payment options, is where you will have to smartly consider your choice. When starting your online business, it is important to know what kind of payment options you are going to set up on your website/store. Any type of payment that is done online using an electronic medium is what we call as an eCommerce payment system or online payment system.
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