Your options for accepting payments online for your business are always expanding and improving as technology grows. The key to identifying the most appropriate online payment methods for your company website is to educate yourself on the advantages and disadvantages of each method, as well as the costs associated with using (or not using) a specific method.

Your checkout page is the point at which window shoppers convert into paying customers.

However, if you’re serious about making it simpler for your consumers to pay and increasing revenue for your company, you’ll want complete control over the whole checkout process.

What Are the Benefits of Providing a Variety of Payment Methods?

Although it may seem apparent, there are websites that only accept a single payment option. Now customers expect a range of payment alternatives on the checkout page. While it is not possible to accept every payment method accessible, you will want to research your target audience to determine which payment methods they like to use.


If your target market is more interested in trends than traditional retailers, examine alternative payment provider integrations and digital wallet choices to keep them satisfied and encourage them to shop at your business rather than traditional retailers.

Let’s look at some of the payment choices that you might want to add to your website.

Option #1: Credit card and Debit Card

Making it possible for your consumers to pay with their credit cards through your website is the most fundamental method of accepting online payments. If you wish to provide this option to your consumers, you’ll need to select whether you’ll use your own dedicated merchant account or if you’ll use an intermediary holding account to facilitate the transaction.

Choosing one technique over another might cause very different business procedures and financing periods, so it’s critical to investigate and choose which way is the greatest fit for your organization. Credit cards such as Visa, MasterCard, American Express, and Discover are among the most frequently accepted payment methods worldwide.

Option #2: Accept ACH Processing

The second most prevalent method of accepting payments is by a direct debit of a bank account using an eCheck, often known as an electronic check, through the use of (ACH) payment methods. When your client pays with a paper check, they can enter the information from the check (routing and account number, name, amount, and authorization) into an online payment form or a software interface. This approach involves the digital processing of the payment.

Option #3: Mobile Payments

Mobile payment allows clients to make huge transactions in a secure environment. Because of this, you will not have to have as much cash on hand in your business. You won’t have to be concerned about faulty checks or counterfeit money. Under certain cases, mobile payments may be more dependable than card-based purchases in certain circumstances. Since consumers now have smartphones in their possession, the possibility to enhance income through mobile payments is enormous. As we all know, it made shopping easier, more convenient, and timesaving for many consumers.

Number of Payment Options

Option #4: Online Payment Gateway

Customers may pay your business directly from your website if you have a simple online payment form on your website. Returning customers may even create accounts to store their payment information for repeat purchases in the future.

If you want to explore the convenience of working with payment gateway, outsourcing this service to a well-known payment gateway and acquiring multiple payment options through their system can fix all your problems.

You can merge all the online payment methods to use on your site into a single gateway, allowing you to attract many customers through a single interface. You should consider this because not all payment options function equally. Some are more effective in some regions and more popular. Payment gateways collaborate with many of the world’s leading payment providers, and the list is constantly expanding. As a result, your consumer chooses the payment option that best suits their needs.

Option #5: Prepaid Cards

Prepaid cards are frequently used by teenagers and internet consumers who do not yet have access to a bank account. Prepaid cards, as opposed to gift cards, are a sort of debit card that is provided by a bank or credit card provider and that has been deposited with a certain amount of money.

It is this method of payment that is preferred by online gaming firms, with virtual currency being kept in prepaid cards and then used by players for in-game purchases as an example.

Option #6: Email Invoicing with a Click-to-Pay Button

Email invoicing allows your customers to pay their invoices online and get a receipt in seconds, saving them time and money. You may email your consumer with a link to a payment form on your website. Your reporting and data management will be simplified and your data will be safer with a completely integrated experience. As a result, when a client clicks and makes an online payment, the invoice is instantly created, saving you time.

Final Verdict

It’s time to meet your consumers where they are: on their own terms. Put another way, your aim should be to make paying as simple as possible, so that you can get payments faster and with greater reliability than ever before. As a result, consider the needs of your client, their preferences, and their habits based on their characteristics. Integrating an online payment gateway that accepts mobile payments, bank transfers, wallets, and other payment solutions from different payment providers for both local and international transactions is a good idea if you need multiple payment options.

Join the Discussion