The most popular payment method for e-commerce businesses

By Ashley - Mar 16,2023

This is one of the best e-commerce payment methods, accounting for 90% of all e-commerce payment methods. If a payment card accepts spending, the card can be used to pay for goods and services at multiple locations, including online shopping sites. Or you can enable us to withdraw business cash directly from a bank or ATM. Currently,online omnichannel payment, payment cards are divided into the following two categories, which can be issued by banks and financial services institutions. E.g:

pay by International Credit or Debit Card: If customers have cards like Visa, Mastercard, American Express, JCB, etc., they can pay on over 60 websites connected to Onepay payment gateways.

Domestic debit card payment: This type is not popular in Vietnam and only developed abroad. With this e-commerce payment method, Connect24 cardholders of Vietcombank or multi-function cardholders of Bank of East Asia can make e-commerce payments on websites linked to both banks and on the Onepay payment gateway.

pay through gateway

An e-commerce payment gateway is essentially a service that allows customers to transact on an e-commerce website. payment gateways provide a secure connection system between customer accounts (cards, e-wallets, etc.) and sales website accounts. Help consumers and businesses pay and receive money on the Internet simply, quickly, and securely. Several banks have also implemented top e-commerce payment gateways. Usually:

via mobile banking

This e-commerce payment solution has become popular because almost everyone owns a smartphone. Therefore, customers do not need to carry cash when shopping, but can pay over the phone by using mobile banking financial services businesses. phone payment systems are built on a link model between banks, telecom providers and users.

Users can scan QR codes to quickly transfer money, pay bills and shop. Just scan and in seconds you can successfully pay at restaurants, supermarkets, convenience stores, taxis, even e-commerce sites or any product with a code. Qr code does not require cash, no card swipe, and no need to worry about revealing personal information when paying.

What does "omni channel" mean?

A sales and marketing plan known as a "omnichannel strategy" offers customers a completely integrated buying experience. User experiences are unified through omni-channel strategy across several touchpoints, including as physical stores, the web, and mobile applications.

Omnichannel payment processing: What is it?

Simply said, an omnichannel payments platform is a complete payment processing solution. It unifies all of a company's payment procedures, delivering a unified view of your customer interactions and revenue-generating options for the whole payment ecosystem.

What in banking does omnichannel mean?

Defined: Omnichannel Omnichannel involves much more than just giving customers a variety of transactional options. It involves consistent and seamless customer-financial institution communication through a variety of channels. Omnichannel focuses on interactions, whereas multichannel is more concerned with transactions.