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E-Commerce Payment Methods


Let’s learn about e-commerce payment methods in this tutorial. A payment method represents the way money is exchanged between parties for goods and services during an e-commerce transaction. E-commerce websites, businesses, and merchants accept a variety of payment methods to make the business scale and reach out to new customers.

E-Commerce Payment Methods

There are various payment methods available for e-commerce transactions. Some of the most common payment methods are:


Cash On Delivery

This method is one type of the Pay On delivery method. In this method, cash is exchanged for goods and services. For example, the buyer pays in cash for goods and services to the seller.

Bank Transfer

This method allows customers(buyers) to pay securely through a direct internet connection to their bank account. This is also known as electronic online transfer using Internet banking or net banking credentials. The electronic devices mostly used in this payment are desktop computers, laptops, and notebooks.

Card Payments

This payment method involves debit and credit cards. Card payments are the most common payment method for e-commerce transactions. Customers can enter their card details, such as debit/credit card number, card expiry date, and CVV, to complete the e-commerce transaction.

Many businesses and merchants accept card payments from the world’s most popular credit and debit card brands like:

This payment method is also known as EMV payments. ( Europay, Mastercard, and Visa).  Card payments can be further divided into card-present payment or card-not-present payment transactions.

Mobile Payments

This method is popular in m-commerce applications. Mobile payments are e-payments done using an electronic device like a cellphone or smartphone. This payment method is also called mobile money transfer, or mobile NFC.

Digital Wallets

Digital wallets are online payment systems that allow customers to store their bank account information securely and use it to make e-commerce transactions. Examples of digital wallets are as follows:

More information:


A cheque is a bill of exchange document that a bank customer can issue to the bank, directing it to pay the specified sum of money mentioned in the document to the specified person or entity on the cheque.

Bank customers can opt for the cheque book facility with the bank. The bank issues the cheque book to the customer during the bank account opening or when requested by the customer.

Stripe payment

Stripe is a payment infrastructure and processing platform for online payment processing. It is a suite of APIs powering online payments. Stripe allows global payments and embedding financial services( Banking As A Service) into your e-commerce website or product.

More information:


PayPal is a digital payment platform that makes financial services and commerce more convenient, affordable, and secure for businesses and customers.

More information:

Gift Vouchers/Cards

Many E-commerce websites allow people to purchase vouchers and gift cards and use them for shopping. For example, a user can buy a gift card from the merchant and gift the card to his/her friend or family member. The latter can shop from the merchant store using the gift voucher or the gift card.

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