What type of payment systems of E-commerce site have?
An online shop usually has different ways for customers to pay. They pick these ways based on what’s easy, safe, and works worldwide. Here are some common ones:
Credit/Debit Cards:
- Most people use cards to buy things online. You put in your card details like the card number and expiration date to pay. Companies like PayPal, Stripe, or Square make sure it's safe.
Digital Wallets:
- Apps like PayPal, Apple Pay, Google Pay, or Amazon Pay keep your payment info safe. You can buy things quickly using these apps.
Bank Transfers:
- Some sites let you pay directly from your bank account. It might take a bit longer than cards.
Cryptocurrency:
- A few shops accept digital money like Bitcoin. It's different because no bank controls it.
Buy Now, Pay Later:
- Some services let you buy stuff and pay later in small pieces. Like buying a sofa and paying a bit every month.
Cash on Delivery:
- In some places, you can pay in cash when the delivery person brings your stuff. But not many online shops do this because it's hard to manage and not very safe.
Mobile Payments:
- You can use apps on your phone, like Venmo or Cash App, to pay or send money to friends.
Online shops use many of these payment ways to help more people buy things. They choose which ones to use based on who’s buying, where they’re from, and what they’re buying. It’s important that the payment ways are safe and follow the rules to keep your info safe.