Term
Payment Options
Payment options are the ways with which a customer can make a payment to an online platform. In the e-commerce industry, there are 2 major things that are considered. One is the methods of payment and the other is the financing options to be integrated into an e-commerce platform.
In the number of payment methods, there are many such as cash payment, credit/debit card payments, mobile payments and electronic bank transfers. Apart from that, there are also payment options in digital wallets and digital currency made available by various platforms to customers. For different financing options, e-commerce platforms can provide EMI payment options, Buy Now Pay Later and pay on delivery options made available to the customers.
