Types and Methods of Online Payments

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Types and Methods of Online Payments
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Credit Cards The most widely used method of
online payment is allowing customers to charge
their purchases to a major credit card, just as
they would do in a brick-and-mortar store.
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Electronic Checks Many payment processors allow
you to accept electronic checks or "e-checks"
from your customers. The purchaser inputs her
bank routing number and checking account number
into your online order form. 
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PayPal PayPal is an alternative to traditional
credit cards and e-checks that allows you to
collect payment from your customers. Rather than
systems that transfer money from an account at
one financial institution to another
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Gift Cards Two types of gift cards are common
store-specific gift cards and those issued by
major credit card companies. Cards issued by
credit card companies process just like ordinary
credit cards.
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