5 Popular Online Payment Methods for Digital Transactions

Online shopping is a trend that keeps growing in popularity. Since the pandemic especially, people have leaned toward shopping on the internet for safety and convenience. This system lets people buy what they need without leaving home. And with online payment systems available, shopping online gets even easier.

In practice, several payment methods are quite popular with the public. Here are 5 of them:

1. E-Wallets or Digital Wallets

Familiar with OVO, GoPay, LinkAja, Dana and others? Do you often use them for transactions? If so, you are already using a digital wallet, also known as an e-wallet. Digital wallets are among the most popular methods with the public. This method offers many advantages in ease, speed and perks such as attractive promos.

2. Credit Cards

Credit cards are among the oldest online payment methods. This method offers fast transactions that can be paid on the due date. In other words, customers can buy what they want without paying the same day. Credit cards support both local and international transactions.

3. Bank Transfer

Bank transfer is a common payment method widely used in Indonesia. All you need are two things: a bank account and a smartphone. The buyer completes the online transaction by transferring an amount of money to the seller. If everything goes properly, the balance in the account is deducted as valid proof that the transaction succeeded. You can do this through an ATM or on a smartphone.

4. COD (Cash on Delivery)

COD is the best alternative for online transactions. Cash on Delivery lets anyone transact online without an e-wallet, a credit or debit card, a virtual account and the like. The buyer picks an item found on an online marketplace. Then the seller hands the goods to a courier, who delivers them to the customer. When the goods arrive, the buyer pays the courier, who passes the money on to the seller.

5. Paying at a Retail Store

Online payments can also be made at retail stores such as Indomaret and Alfamart (convenience store chains). The process is much like COD because it requires no e-wallet or other payment tools. The difference is that the buyer must pay at a nearby retail store before the goods can be received. Only after the payment is processed does the seller ship the goods.

All five of these online payment methods can be found at almost every online store. If you want them for your own business, you need a payment gateway service from Duitku. Duitku offers the best online transaction solutions at competitive prices. Integration is also very easy, so it supports your business success starting with a single transaction. Duitku's offers can be seen at Duitku.com.