Title: Types and Methods of Online Payments
1Types and Methods of Online Payments
2Credit Cards The most widely used method of
online payment is allowing customers to charge
their purchases to a major credit card, just as
they would do in a brick-and-mortar store.
3Electronic 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.
4PayPal PayPal is an alternative to traditional
credit cards and e-checks that allows you to
collect payment from your customers. Rather than
systems that transfer money from an account at
one financial institution to another
5Gift 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.
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