Hey there, fellow entrepreneurial souls! 👋

If you’re starting up your own E-commerce business, you might be wondering how to make money from it. One step is determining which payment options you should offer your customers. 🤔 You wouldn’t want to stick to just one option because you risk missing out on potential sales. In this blog post, we’ll be breaking down different payment options you can offer your customers. 💸 Let’s get started!

Credit and Debit Cards

This is probably one of the most common payment options available online. Credit and debit card payments are easy for customers to make because they don’t have to leave your online store to complete their purchase. It’s also convenient for business owners because transactions can be processed quickly, and you can get paid right away. 💳

It’s also important to keep in mind that some customers may not have credit or debit cards or be reluctant to use them online, so offering other payment options can help.

A picture of a credit or debit card


E-wallets are essentially digital wallets or online platforms where customers can store and use their money online. Some popular E-wallets include PayPal, Apple Pay, and Google Wallet. Customers can link their credit or debit cards to their E-wallet account for easier transactions. The advantage of E-wallets is that they provide added security to customers by not having to disclose their financial information every time they make an online purchase. 📲

As a business owner, it also gives you an added layer of security because these services can screen for fraudulent activity and address it quickly. It’s important to note that while some customers prioritize the convenience of E-wallets, others may not have an existing account and might not be willing to create one just to complete a purchase.

A picture of a mobile phone with an E-wallet app in use

Bank Transfer

Bank transfer is an option for customers to pay for their purchases by transferring money from their bank to your business bank account. It’s a reliable payment option for customers who prefer not to use their credit or debit cards online. It can also be cheaper than other payment methods since there are usually no processing fees, unlike with credit or debit card payments. 💰

One disadvantage of bank transfer is that it may take a few days for payments to be confirmed and for you to receive the funds. It also might not be convenient for customers who don’t have online banking or who either don’t want to make that kind of transfer.

A picture of a person paying via bank transfer online

Cash on Delivery

Cash on delivery (COD) is a payment option where a customer can pay for their purchase when they receive the goods physically. This payment method can be convenient for customers who don’t have access to other payment options or who want to confirm the goods they’re buying before paying for them. Collecting cash from customers may also minimize fraud risk since sensitive information isn’t shared online. 💼

However, COD can put more responsibility on your delivery driver, adding the risk of non-payment. Not to mention, the extra step of collecting cash on delivery might slow down your delivery process.

A picture of a package being exchanged in return for cash


Cryptocurrency is also a relatively new payment option for online transactions. Payment made by cryptocurrencies is supported only by a few online stores, but customers who are tech-savvy and trust cryptocurrency use that option. Bitcoin, Ethereum, and Litecoin are popular options.

The advantage of cryptocurrency is that the payment’s transition is irreversible; once a payment is made no one can reverse it, which makes it uniquely secure. However, since cryptocurrency isn’t widely accepted, it may not be necessary for every online business to add it as a payment option. 💻

A picture of Bitcoin, Etherium, and Litecoin virtual currency logos

Great! There you have it! These are just some of the many payment options available for your E-commerce store. Ultimately, the payment option(s) you choose should reflect the preferences of your target market. Offering a range of payment options can help increase conversions and customer satisfaction.

Feel free to let us know which payment option(s) you swear by for your online store!👀

A picture of a person holding a credit card while browsing online