With the acceptance of internet in our daily life, people are more into use of online facilities. Online facilities have really helped us to do works easily and comfortably. From rail ticket reservation, paying of various bills to shopping online, you can do anything through the use of internet. But before you opt for online services, it is always advised to know about the various ways of online payment to avoid any later confusion. Here we will be discussing about the various ways of online payment.
By online payment, we basically mean to pay through the help of internet. In urban and developed countries, more and more people are opting for this easy way of payment. Global marketing has got a new meaning with the increasing use of electronic money that is no more a fiction but reality. Speaking of online payment we can say that it is the new way of receiving money from customers. In internet we cannot meet the company representative. All we get is the display of products and services available at the organization. If you want to buy that product or service, all you need to do is place a quote for it and pay for it through internet.
The most common forms of online payment are as follows:
- Credit Cards
- Online Checks & Debit Cards
- Digital Cash & Micropayments
- Escrow Services
The use of echecks for payment is a common trend of today’s modern world. echeck is actually the online version of paper checks that are used for money transactions. The advantages of using echecks are that the money gets transferred automatically and on the other hand you don’t need to fill a paper check and send it. Moreover, you get an automatic online receipt of the transaction as a valid prove.
Credit cards comprising of Visa, MasterCard, Diners and American Express still makes the most commonly used mode of online payment. While paying through credit card, you need to provide the credit card number to the receiver who withdraws the specific amount. You don’t need a swapping machine also.
Debit cards are also used widely in online payment. As you provide your debit card number, the particular amount gets automatically credited to the receiver’s account.
Scroll down to get a fair idea of the internet specified payment modes of various countries.
- International payment modes comprises of Visa credit card with SSL, Eurocard/Mastercard credit card with SSL, American Express credit card with SSL, Visa credit card with SET, Eurocard/Mastercard credit card with SET and Diners credit card with SSL
- Dutch payment methods include Rabobank Direct Betalen, Bank transfers (’bankoverboeking’) and Direct Debit (’eenmalige machtiging’)
- German payment methods include Bank transfers (’Überweisung Inland’), Direct Debit (’Bankeinzug/Lastschriftverfahren’), Direct Debit (’Elektronisches Lastschriftverfahren/ELV’), Paybox, Deutsche Bank 24, Dresdner Bank InternetBanking, Commerzbank OnlineBankingweb and Cheque
- Austrian payment methods include Paybox, Bank transfer, Netpay, ELBA Internet Payment
- French payment methods include Bank transfer (’Virement bancaire’), Cartes Bancaires, Carte Bleue and Cheque
- UK payment methods includes Visa Debit, Switch, Solo, Mondex, Bank transfer, Cheque and JCP
- Belgian payment methods includes Bank transfer (’bankoverschrijving’) and ING Home'Pay
- Luxembourg payment methods includes Bank transfer
- Finnish payment methods include Bank transfer (’Tilisiirto Giro’) and Nordea Banks Finland
- Swedish payment methods includes Bank transfer (’Inbetalning/Girering’) and Nordea Banks Sweden
- Danish payment methods includes Bank transfer
- Spanish payment methods includes Bank transfer (’Transferencia’) and Cheque
- Italian payment methods includes Bank transfer (’Trasferimento bancario/Bonifico’)
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