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One of the most innovative developments in e-commerce has been multiple payment solutions. Gone are the days when purchases were made good by means of cash. Payments can now be made directly via internet banking facilities or through debit or credit cards.
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Make Payments in Multiple Ways with Payment Asia
One of the most innovative developments in e-commerce has been multiple payment solutions. Gone are the days when purchases were made good by means of cash. Payments can now be made directly via internet banking facilities or through debit or credit cards. The latest developments include cashless transactions, whereby transactions may be executed by means of e-wallets and would not require cards. Payment Asia provides for all of these multiple payment solutions and helps merchants ensure the best user experience to the customers who visit their stores.
Electronic wallets or e-wallets store digital currency that can be used to make entire transactions. All that is required is a device that is connected to the internet and one can easily access e-wallets. Some popular e-wallets offered by Payment Asia include Alipay, Wechat Pay, Paypal, and Apple Pay. The unique feature of Alipay that makes it a customer favorite is that it can be used to make transactions even when not connected to the internet.
This is by means of a QR Code system wherein the QR code is scanned to make payments. WeChat Pay also facilitates payments by means of scanning of QR codes. Paypal is an American company that provides for transactions in digital currency across the globe. Apple Pay is an e-wallet that can only be accessed by those who operate iOS software, but the sheer number of iOS software users makes it a popular choice of e-wallet.
Debit and credit cards enabled online payments to come into existence. The primary difference between the two cards is that the former only allows users access to the funds available in the account linked to the card, whereas, the latter allows customers to draw more by borrowing funds up to a certain limit. Customers are required to enter card details like the name on the card, the date of expiry, the number on card, and the CVV to make purchases.
Cards can also be swiped or tapped at offline stores to make payments. It is the solemn responsibility of merchants to ensure that the data entered by customers are secure and do not fall into the wrong hands, and Payment Asia reviews reveal that the solutions offered by Payment Asia are safe and secure.
Internet banking is one of the first online payment methods to have been developed. As opposed to e-wallets or debit/credit card transactions, this involves more procedures. It essentially involves a direct transfer of funds from the customer’s bank to the merchant’s bank by making deposits.