10 Best Types Of Payment Methods Online For Ecommerce Site
There are many types of payment methods online. Today’s discussion is for online payment method types for eCommerce sites. In order to operate a fully functional eCommerce website and generate more sales, you need to integrate most suitable payment method types to accept payments from your valuable customers. Your entire online business revolves around getting paid.
Different types of payment methods online here and there. But you have to choose easy and popular payment method types for your customer so that you can get sales quickly. People are love to buy online products if payment methods are easy and secure. So, you should consider adding multiple types of payment methods to your eCommerce sites.
10 Best Types Of Payment Methods Online Ecommerce
1. PayPal | Most Popular Payment Method Types
PayPal may be a name that I’m sure most of you’re already conversant in. The company features a reputation that speaks for itself when it involves simple use, reliability, and security. This is why you ought to consider adding PayPal to your website.
PayPal is that the most ordinarily used digital wallet within the world. Here’s something else for you to consider. Websites that have PayPal checkout options convert at an 82% higher rate than sites without PayPal.
With PayPal for ecommerce you can accept:
- Credit cards
- Debit cards
- PayPal Credit
Any eCommerce sale within the US will cost you 2.9% + $0.30 per transaction. International sales are a touch costlier, with 4.4% per transaction, plus a hard and fast amount counting on the country the acquisition came from.
2. Square | Secured Types Of Payment Methods Online
This is an excellent choice for those of you who have physical retail locations and decide to start selling online, especially if you have already got a Square POS system. It’s also an excellent option if you’re getting to open retail locations added to your eCommerce shop.
There is no monthly fee for adding the Square payment types gateway to your website. They charge you 2.9% + $0.30 per transaction, just like Stripe and PayPal.
Integrating Square to your ecommerce platform is easy. Some of their ecommerce partners include:
- GoCentral Online Store
- Drupal Commerce
- Zen Cart
- Unbound Commerce
- WP EasyCart
So if you’re currently using one among these platforms for your eCommerce shop, adding Square is going to be a breeze.
3. Stripe | Secured Types Of Payment Methods Online
Stripe is one among the highest payment methods on the market today because it’s so versatile.
It’s an excellent choice for eCommerce shops, subscription services, or on-demand marketplaces. So for those of you who operate a business with multiple processes and services, this is often definitely something that you simply should take into consideration.
Another top feature of Stripe is that the ability for you to line up recurring payments from your customers.
Brands using Stripe have increased revenue by 6.8% before that. Another reason why I really like Stripe is that you’ll have the choice to customize your checkout process with the Stripe UI toolkit.
Stripe accepts all major payment method types credit cards and debit cards from all countries, including:
- American Express
- JCB (Japan)
- UnionPay (China)
You can also integrate some alternative payment options into your Stripe payment method types gateway. Stripe’s standard pricing is simple. As a merchant, it will cost you 2.9% + $0.30 for every card charge. There will be a further 1% charge for international cards.
Additionally, Stripe offers customized pricing options for those of you who have a singular business model or have large volume payments.
4. Google Pay | A Popular Types Of Payment Methods Online
Google now offers its own online payment method types or system named is Google Pay. Google says hundreds of millions of their users already have card information saved to their Google accounts, which means providing a Google Pay option offers added convenience for a significant number of people.
As with the opposite options, they promise an intuitive process—on desktop and mobile—and top-notch security through encryption.
Google Pay also lets retailers found out loyalty programs, digital gift cards, and deals for patrons so everyone can skip the paper and plastic cards. Google Pay also works with PayPal and Visa Checkout for added reach.
The amazing things that, they don’t charge you anything for using the service. It’s free for both you and your customers.
5. Amazon Pay | A Popular Types Of Payment Methods Online
Paypal could also be popular, but Amazon is undisputedly one among the foremost popular sites across the entire web. Adding Amazon Pay to your store can make it easier for Amazon customers to buy from your website without having to key in their payment data in your checkout.
Setting up an Amazon Pay button into your website with their Express Integration option can take a matter of minutes. Or you can use their API. It will allows you to customize the experience to better fit in with your website. The cost of using Amazon Pay is 30 cents plus 2.9% for each purchase.
6. American Express | A Popular Types Of Payment Methods Online
The American Express payment method types option are attractive and some of the top visitors can attract with it.
Prices for American Express’s gateway start at $20 in a month for up to 100 transactions and can go up for extra transactions. And they have a setup fee on top of that number which starts at $99 which is not free like Google Pay.
07. Apple Pay | A Popular Types Of Payment Methods Online
Apple controls over 54% of the mobile vendor market share within the US. Apple Pay is that the digital wallet for iOS users.All of that information is safely stored in Apple Pay.
For users who are shopping on your mobile site or mobile app, they will finalize the payment just by employing a fingerprint or face recognition. It doesn’t get much easier than that. In addition to your eCommerce site, mobile site, and mobile app, Apple Pay also can be accepted in-person at brick and mortar stores.
The Interesting thing is that Apple doesn’t charge any additional fees to merchants for accepting Apple Pay.
8. Visa Checkout | Secured Types Of Payment Methods Online
Like the payment gateway from American Express, Visa Checkout makes it extra easy for all Visa cardholders to check out on your website without having to fill in all their payment information. There are over 2 million people who use Visa Checkout. So you should be making these types of payment methods online easier for a significant portion of your audience.
That convenience clearly makes a difference, since Visa’s data shows that offering Visa Checkout can increase conversions by 43%. This payment method types include advanced security features and easy setup options.
9. Masterpass | Secured Types Of Payment Methods Online
Mastercard’s Masterpass payment method types have similar options to those offered by American Express and Visa. This facility makes Masterpass easy for any Mastercard holders to quickly and easily check out from your website. And it provides the kind of advanced security in the payment process you’d expect from a credit card company—including user verification, tokenization, issuer authentication, and fraud monitoring.
Mastercard doesn’t charge any fees to either you or the customer.
10. 2Checkout | Secured Types Of Payment Methods Online
2Checkout is a global payment processing solution and payment method types that accept payments from across the world in a number of different currencies. They provide a nice customizable checkout so that you can design and add to your website, extensive fraud protection, and a responsive design that ensures customers can easily check out.
They offer an API that makes adding the payment processing solution to your website fairly simple. This payment method types also provide the flexibility to customize it as needed. The company charges 2.9% plus 30 cents per transaction, with extra fees for foreign customers.
I Hope, these best payment method types will help you to choose the best one for your eCommerce site payment integration. If you use different payment method types on your website which gives you more sales, you can share with us. Thanks!
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