*Credit card payment
*Automated Clearing House
*Payment aggregators
*Credit-term providers
*Cash-alternative providers
*Advertising/promotional providers
*Mobile payment providers
*Invoicing payment providers
Payments methods other than credit card payments are called alternative payments. The online payment method has become increasingly popular, as the volume of online business transactions increase rapidly and online payments have become more secure. The importance of online payment is unassailable in e-commerce. In e-commerce, the ownership of goods can be transferred only when the payment has been finished.
One of the advantages of e-commerce is its convenience and quickness without face to face business.
Within online payment methods, credit cards are particularly favored by consumers because of the efficiencies and protections by issuing banks against transaction dispute.
Internet payments systems or eWallets, such Equifax, Moneybooker, Firepay and Clickand Buy and NETteller, serve as a wallet for online purchases.
The best-known alternative payment type is PayPal, which has grown exponentially and is becoming very much a mainstream payment method.
Payment methods for online shopping
