(Newswire.net — March 16, 2020) — The abundance of payment methods proves to be an efficient way to attract customers. If a particular company has a diversified payment system, the more likely it is to enjoy a considerable number of visitors.
Currently, it is becoming increasingly popular to purchase goods in various online stores using the resources and capabilities of the World Wide Web. In this connection, the question arises: what payment methods are used in online stores and is there any particular number of ways that may be excessive? This article will discuss the following subject.
Online store payment methods
An online store can use various payment methods which are bank cards, electronic payment systems, cash payment or cryptocurrency transactions.
Bank cards are the most common way to pay for services and goods on the World Wide Web. There are cards of the two main payment systems VISA and MasterCard. Cards of both payment systems are reliable and secure instant payments.
Cash payment pretty much explains itself – you gave the vendor real money to purchase a particular good or service. It is inconvenient, in regard to that you should carry the real money and sometimes it could be uncomfortable.
Cryptocurrency transactions have become very popular in the recent period. They are mainly used in the gambling industry, and they provide a high level of security, anonymity and speed of the transaction. Some of the online casinos are introducing to customers various Bitcoin-powered slots and other games, so cryptocurrency is gradually gaining a foothold in gambling. Australian online casinos are particularly incorporating the cryptocurrency as a way of payment, and that is why people are using Bitcoin to purchase Playamo bonus codes 2020. If they use credit cards, their transaction activity will be visible to the government and central banks. Some people do not want to be a subject of tracking – they want to spend money according to their desires. Therefore cryptocurrency eliminates all of these possibilities, and they do not have to think about the surveillance. So gambling is pretty much protected if you adopt the cryptocurrency as a method of payment.
One of the most popular methods of payment for goods purchased in the online store is electronic payment systems. At the same time, the central unit of calculation is electronic title units, for example, accepting payment via WebMoney on the site is carried out in WMZ or WMR.
Foreign online stores primarily use electronic payment systems such as PayPal and Skrill. In domestic online stores, the primary payment methods are WebMoney. WebMoney payment is accepted in the online store using the WebMoney Keeper program.
Money transfers are another online payment method. The most commonly used types of transfers are bank transfers and postal orders. Payment in cash implies payment for goods upon delivery by courier directly to the customer.
What are instant payments?
Everything is simple. When you buy goods or pay for services in the online store, you just need to enter information about your card in the special fields: card number, card validity, name (this information is located on the front of the card) and CVV/CVV2 (the last three digits on the back of the card, where the signature sample is located) – and your purchase is immediately paid, and the purchase amount is debited from the card.
This type of payment very convenient and comfortable; there is no need to conduct tricky and complicated manipulations. You can pay with bank cards of VISA and MasterCard payment systems in any online store in the world, which is also very convenient. Therefore, more than half of online store customers use bank cards.
How many payment methods are too many?
This question is relevant all the time, but in general, one should not think that the plenitude of payment methods is disadvantageous – more payment methods provide more possibilities. If you decide to spend your energy on incorporating a bunch of payment methods, it will only do good. Just imagine – going into the store which has all of the abovementioned payment methods. You would be glad to see it, as people are very delighted when they have a wide selection of choices. So the answer to this question is obvious – methods are never extra.