What are types of payment methods for ecommerce?

07 Apr 2022 By PAYCEC

Credit/debit card payments, banking transfers, crypto payments, and digital wallets such as Apple Pay, Google Pay, and Paypal are the four primary types of payment methods for ecommerce.

1. Credit / Debit card payments

PayCEC’s payment gateway offers merchant accounts to accept credit and debit cards from buyers worldwide to not only enhance the seamless process of customer payment acceptance anytime, anywhere, on any device, but also increase the competitive advantages of your business, and skyrocket your sales.

The selection of the right card for you is influenced by factors such as card issuance, card types, transaction fees, or which places accept Visa, MasterCard, Discover, JCB, and American express. The difference between Visa, MasterCard Discover, JCB, and American Express may need to be clearly understood. Keep reading to learn more about these major differences and some of the best options for your demand today.

2. Bank transfer

SEPA has ushered great advancement in payment services which also made it easy for SEPA bank transfer networks to conduct transactions with countries outside of Europe without additional fees.

SEPA payment system uses the International Bank Account Numbers (IBAN). SEPA payment method with additional optional features or services such as mobile phone or smart card payment systems, are not directly covered. To make SEPA payments, you only need to have the payee’s bank details in the international format. Most SEPA transfers arrive in the beneficiary’s bank account within 1-2 business days.

With PayCEC’s SEPA payment gateway, start collecting payments within the eurozone is so easy.

3. Crypto payments

PayCEC’s crypto payment gateway accepts payments in a variety of cryptocurrencies while maintaining security. It allows users to send money directly from one cryptocurrency wallet to another.

These payment gateways are also responsible for safely transferring the payer's sensitive wallet-related data to the merchant's software, in addition to their primary functions.

Many businesses are looking for the most profitable, safe, and rapid payment options, this payment network is becoming more widely used by enterprises of all sizes.

4. E-wallet

Consumers' anxieties of giving card details directly with retailers have been alleviated by digital wallets, which have become a popular payment option for e-commerce transactions. Beside the platform to collect e-wallet payments, the payment gateway provider also provides some relevant tools and services for merchants in terms of fund management, cash flow management, and customer relationship management.

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We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.

PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.

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