Monday, 20 August 2012

Online Shopping Payment Options

Online shopping be a popular trends for shopping nowadays. Peoples are enjoying the convenience of being able to select a variety of products and buy them without even having to leave their homes. However, in order to enjoy the benefits of online shopping, you should become familiar with the different forms of payment that are accepted by Web retailers. There are so many payment gateways which allow customers a variety of payment option, which are used by web retailer for online shopping, few of them are described below.

Credit card :
Credit cards are an easy way to pay for your online purchase. The majority of online merchants accept Visa, MasterCard, Discover or American Express. It allows the cardholder to pay for goods and services based on the holder's promise to pay for them. The issuer of the card creates a revolving account and grants a line of credit to the consumer from which the user can borrow money for payment to a merchant or as a cash advance to the user.

Debit card :
Debit card are the card issued by the bank which allows bank clients access to their account to withdraw cash or pay for goods and services. Debit cards are also considered to be a safer form of payment as a code is required to access the account funds, while checks can be easily stolen.

Cash card :
I Cash card is a convenient and a safe alternative to cash as well as credit card transactions. ICash card is a RBI approved, multi-service pre-paid card, that offers, business, retail, institutions and end consumers with a flexible and secure payment option, similar to a debit or a credit card.

Net banking :
Net banking or Online banking is an internet service through which you can tranfer amount to other account through online without any hazards.

Cash on deleivery: 
Cash on deleivery is an option on which you can pay cash at the time of actual delivery of product at your doorstep.

PayPal :
PayPal is powered by e-commerce and is a service which allows money to be transferred via the internet. PayPal offers an innovative alternative to older methods of payments such as money orders or checks. A person can fund his/her PayPal account electronically through a debit from his/her bank account.


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