How to Set Up Online Payments for Your Business Transactions
Learn how to set up online payments for your business: e-wallets, virtual accounts, QRIS and retail options, plus how Duitku helps you accept them.
Knowing how to set up an online payment system is very important when you own a business. Technology has advanced rapidly, and payment systems have changed without most of us noticing. What began as cash payments has now shifted to online, or cashless, payments.
What Is an Online Payment System?
An online payment system is a newer payment method that offers many conveniences. With it, customers don't have to go to the trouble of preparing cash to complete a transaction. For business owners, it brings advantages too, because it is practical, easy and efficient.
Types of Online Payment
1. E-wallet
The first type is the e-wallet, or electronic wallet. As the name suggests, an e-wallet works like an ordinary wallet, except that what is inside is not cash but digital money, which can be used for digital buying and selling.
2. Virtual Account
A virtual account works much like a bank account number, except that it is virtual and not binding. For each transaction made with a virtual account, the bank issues a special ID number. The customer can then pay through that number.
3. QR Code
With this payment system, customers simply scan a special code at the merchant. QRIS is the standardized QR code issued by Bank Indonesia. With QRIS, a merchant can accept payments from many banks and online payment apps using a single QR code.
4. Retail
Next is online payment through a retail store. This system is widely used by people who are not yet familiar with online payment models, because at a retail store customers can pay in cash. They simply pay at the store's cashier to complete the purchase.
How to Set Up Online Payments
How do you set up an online payment system for your business? You can use Duitku's services. With Duitku, you can set up an online payment system without complicated requirements.
Online payments offer a range of conveniences and benefits to both consumers and business owners. For consumers, paying online makes transactions faster and more practical. For business owners, online payments make it easier to track sales transactions.
If you want to add online payments to an e-commerce website or online shop, Duitku provides a range of services that let you accept payments online. Duitku is the best payment gateway in Indonesia, able to accept money through bank transfers, credit cards, virtual account payments, retail outlets and e-wallets.
