Payments Online

There are so many ways on how entrepreneurs can accept payments online. The mechanics are becoming much more friendly and there is certainly one that can suit your needs.

1. Cash - payment is given in person, either before or upon delivery of product or service.

2. Bank deposit / Debit - payment is deposited to the merchant’s bank account, deducted from the buyer’s account. Afterwards, the product or service gets delivered. Examples are:

a. Kaban Internet Payment Solution (http://www.payplus.com.ph)

b. 1 Time Payment (http://www.my1time.com)

c. UnionBank The Port (http://www.theportph.com)

3. Remittance service - for overseas buyers who don’t have a credit card or sufficient credit limit, another option is to allow them to pay through a remittance service. Examples are:

a. Western Union (http://www.westernunion.com)

b. MoneyGram (http://www.moneygram.com)

c. YesPinoy (http://www.yespinoy.com)

d. Xoom (http://www.xoom.com)

4. Credit card - using traditional credit card to pay for products and services online.

a. CCNow (http://www.ccnow.com)

b. WebsiteWizard (http://www.websitewizard.com)

c. Your One Stop Shopping Network (http://www.yossn.com)

d. Asia Pacific E-Serv Corporation (http://www.aspaconline.com)

e. PayEasy (http://www.payeasy.ph)

f. YesPayments (http://www.yespayments.com)

5. Mobile phone payment - if available in your country and the product is available in small amount denomination, funds can be transferred through this medium.

a. PayFree (http://www.payfree.com.ph)

b. WorldCash (http://www.worldcashdirect.com)

Article from : (go to this link to read more…) http://www.digitalfilipino.com/ecommerce_article.cfm?id=44  by Janette Toral