different payment options in online shopping

DIFFERENT PAYMENT OPTIONS IN ECOMMERCE

IntroductionFor any online shopping company payment options is the most important concern. The payment option give the customer freedom to choose the approach he or she want to pay the amount to the company for the product.

Different Payment OptionMost of the major ecommerce sites offers its customer the opportunity to choose different payment options. The most common payment options are

• COD(Cash On Delivery)

• Net banking

• Card Payments

• E Wallet

• Payment against Loyalty Points

Cash On Delivery

COD or Cash On Delivery is one of the most preferable payment option in ecommerce business. In this process you have to pay the amount at the time of delivery of the product.

Net Banking

This is an online payment option. In this process you can pay the amount for the product at the time of booking by using your Net Banking Credentials.

Card Payments

All major ecommerce site accepts different types of card (Credit, Debit, and Prepaid) as a payment option. You can pay the amount by using these cards also.

E Wallet

It is another payment option which is used as a payment option in ecommerce business. It is also known as virtual money.

Payment against Loyalty PointsSome ecommerce site provides points on shopping from that site which is known as loyalty points. You can pay the amount for your product by using this payment also.

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