Primary Problems about Online Shop Payment System
1. Safety
The safety of payments is the most important indicator for online shop. At many times, the reason why client doesn’t place order is not because of the product but the unreliable payment.
2. Easy to use
One of the reasons why online shopping is superior to traditional way is convenience. If your online shop payment system is with harsh conditions or complicated , and you are not the cartel like Inland Revenue Department, you should make your the system simple and flexible.
3. Timeliness
In normal circumstances, many clients don’t have patience in downloading software and waiting for 24 hours for checking the information of the credit card.
Main Forms of Online Shop Payment
1. Credit Card
Directly deduct money from customer's credit card (VISA, Mastercard e tc.).
2. Directly deduct the remaining money from payment gateway
Customer may conceal credit card information through a best-known payment gateway such as Paypal and
3. Indirectly pay through payment gateway
Customers can use credit card, online bank, deposits, mobile phone, checks and other payment methods.
4. Remittance
5. Cash
Cash on delivery
6. Check
7.
Most of the normative orders frequently come from B2B trading. This payment pattern is fixed.
Currency
Generally speaking, whether the currency is acceptable depends on payment gateway itself. That is to say, what kind of currency you use to open the account is what you will receive afterwards.
The default currency of Paypal International is U.S dollar. By customizing, the other currencies can also be used. At the end of the process, other currencies are converted into U.S. dollars for settling accounts.
Being able to receive multi-currency or using different currencies according to different regions and languages, can improve customer’s purchase experience, simultaneously is beneficial to transactions.
Introduction of Common Payment Gateway
Paypal: Best choice for those shop receiving U.S. dollar or other international currencies
GoogleCheckout: For those customers who prefer Google
You need to open
2CO: It is similar with Paypal, but simpler and faster to audit.
