Safe E-commerce Payments

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Safe E-commerce Payments

Image source: http://egorilla.net/wp-content/uploads/2013/03/eCommerce_Payment.jpg

There are actually now many ways that you are able to pay for goods that you have bought online. The most obvious way is the credit card but there are even more and safer ways to pay, making buying online safer for the user.

Payment Options

Credit Card

All e-commerce sites will need to be able to accept credit card payments especially when they are selling retail as you will not be able to avoid accepting credit cards.

Customers will opt to pay with a credit card for an online purchase as they feel more secure. As an e-commerce site you should look into accepting the big 3 credit cards those being MasterCard, Visa and American Express.

Alternative Payment Methods for E-Commerce

Google Wallet

The Google Wallet is a digital wallet meaning that the payment details are stored electronically so there is no need for a physical wallet. This will create an engaging shopping experience whether it used in store or online.

A merchant can showcase offers that can be saved or integrate a loyalty program to Google Wallet through the Wallet Objects API.

A fast checkout can also be created for mobile sites with the Google Wallet Instant Buy.

PayPal

PayPal is a popular alternative to credit card processing and has 137 million active users. This is because merchants can create and send invoices with ease as well as accept PayPal payments.

As a customer PayPal is a safe way to pay online. They can use their PayPal account that is linked to their bank account to pay for international stores quickly and safely.

Wire Transfer or EFT

This is the process of transferring money from one bank account to another.  This is done by using your banks online banking service. You will need the bank details of the recipient. You can also send proofs of payments as there can be delays in the transfers if it is two different banks.

When the money is in your account it can’t be reversed and is a safe means of collecting money on orders that are international.

Bitcoin

Bitcoin is a peer-to-peer payment method that is decentralised. Bitcoin is a digital currency which means that you will need to buy Bitcoins and then use these to pay.

They have a high cryptographic security which means transactions can be processed efficiently and inexpensively.

This then offers consumers an alternate to credit cards through the Bitcoin network with an increased privacy.

What is 3D Secure?

If you are wondering about the security of online payments most forms will have their own security measures in place. One of which is the 3D secure system.

The 3D Secure adds an extra layer of security for online credit and debit card payments. It used to increase the security and offered to customers under the name of Verified by Visa, MasterCard SecureCode, American Express SafeKey and others.

The 3D Secure is an authentication step for online payments. Before a transaction is processed the 3D Secure will pop up and require a unique password for the transaction to be processed.

Consumers are now offered other ways to pay for online purchases that have increased security. This will lead to more consumers buying and paying online for items when they feel more secure with their payment.

Sources:
http://electroniccommerce101.com/thesale/paymentmethods2.asp
http://www.monstersmallbusiness.com/print/prt_payment-methods.htm
http://en.wikipedia.org/wiki/3-D_Secure
http://www.practicalecommerce.com/articles/61562-11-Alternative-Payment-Options
http://sixrevisions.com/tools/online-payment-systems/

Sureswipe

Sureswipe

SureSwipe is a provider of credit and debit card swipe machine services in South Africa. We offer your business unmatched personalised service and competitive rates.
Sureswipe
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Safe E-commerce Payments

May 7th, 2014
Facebooktwitteryoutubetumblrmail

Safe E-commerce Payments

Image source: http://egorilla.net/wp-content/uploads/2013/03/eCommerce_Payment.jpg

There are actually now many ways that you are able to pay for goods that you have bought online. The most obvious way is the credit card but there are even more and safer ways to pay, making buying online safer for the user.

Payment Options

Credit Card

All e-commerce sites will need to be able to accept credit card payments especially when they are selling retail as you will not be able to avoid accepting credit cards.

Customers will opt to pay with a credit card for an online purchase as they feel more secure. As an e-commerce site you should look into accepting the big 3 credit cards those being MasterCard, Visa and American Express.

Alternative Payment Methods for E-Commerce

Google Wallet

The Google Wallet is a digital wallet meaning that the payment details are stored electronically so there is no need for a physical wallet. This will create an engaging shopping experience whether it used in store or online.

A merchant can showcase offers that can be saved or integrate a loyalty program to Google Wallet through the Wallet Objects API.

A fast checkout can also be created for mobile sites with the Google Wallet Instant Buy.

PayPal

PayPal is a popular alternative to credit card processing and has 137 million active users. This is because merchants can create and send invoices with ease as well as accept PayPal payments.

As a customer PayPal is a safe way to pay online. They can use their PayPal account that is linked to their bank account to pay for international stores quickly and safely.

Wire Transfer or EFT

This is the process of transferring money from one bank account to another.  This is done by using your banks online banking service. You will need the bank details of the recipient. You can also send proofs of payments as there can be delays in the transfers if it is two different banks.

When the money is in your account it can’t be reversed and is a safe means of collecting money on orders that are international.

Bitcoin

Bitcoin is a peer-to-peer payment method that is decentralised. Bitcoin is a digital currency which means that you will need to buy Bitcoins and then use these to pay.

They have a high cryptographic security which means transactions can be processed efficiently and inexpensively.

This then offers consumers an alternate to credit cards through the Bitcoin network with an increased privacy.

What is 3D Secure?

If you are wondering about the security of online payments most forms will have their own security measures in place. One of which is the 3D secure system.

The 3D Secure adds an extra layer of security for online credit and debit card payments. It used to increase the security and offered to customers under the name of Verified by Visa, MasterCard SecureCode, American Express SafeKey and others.

The 3D Secure is an authentication step for online payments. Before a transaction is processed the 3D Secure will pop up and require a unique password for the transaction to be processed.

Consumers are now offered other ways to pay for online purchases that have increased security. This will lead to more consumers buying and paying online for items when they feel more secure with their payment.

Sources:
http://electroniccommerce101.com/thesale/paymentmethods2.asp
http://www.monstersmallbusiness.com/print/prt_payment-methods.htm
http://en.wikipedia.org/wiki/3-D_Secure
http://www.practicalecommerce.com/articles/61562-11-Alternative-Payment-Options
http://sixrevisions.com/tools/online-payment-systems/

Sureswipe

Sureswipe

SureSwipe is a provider of credit and debit card swipe machine services in South Africa. We offer your business unmatched personalised service and competitive rates.
Sureswipe
By
@
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