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Bank transfers and deposit. This is one of the simplest solutions to implement. It consists of providing your customers

Posted: Sun Dec 15, 2024 10:14 am
by Blessing
Bank transfers and deposit.
This is one of the simplest solutions to implement. It consists of providing your customers with bank account details so they can deposit their purchase. The delivery of the products can be carried out once the success of the transfer has been confirmed. This confirmation requires prompt telephone support.

2. Cash on delivery or COD (Cash on Delivery).
It is a method that depends largely on your delivery logistics . It involves making the purchase online, but making the payment when the delivery person arrives with the products to the place where the customer has indicated that the delivery should be made. Generally, payments can be made in cash and with credit or debit cards. As I mentioned before, this method has worked quite well for Fybeca, an online store that receives most of its payments with this system.

3. Credit Cards.
Diners Club is currently advertising its solution for credit card payments in national online stores. Its platform is called PayClub and offers a system that allows your customers to purchase products or services online on websites. One advantage of this scheme is the security it offers with the generation of encryption codes, the use of appropriate plug-ins and VPOS.

If you are already using Datafast or working in some way with Interdin, you may access this payment button.

4. PayPal
It is a popular payment method integrated into most e-commerce sites. It allows payments with a variety of credit cards and bank transfers. Payment with this method is quite simple and only requires creating an account.

An additional problem is that the user must pay a 5% capital outflow with job function or professional person and industry email list each purchase, which makes the product more expensive and affects the final sales result. The way of receiving payments is also a potential inconvenience if you do not have your PayPal linked to a bank account in the United States.

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5. Payphone
This is a recent and innovative system that is beginning to be implemented in several Latin American countries. Using an application for smartphones and tablets, you can manage your credit cards and make payments in different physical stores and virtual shops. It works like a button, which when selected sends a notification to the mobile device where the payment must be validated.

I recommend reading this article which goes into more depth about the innovations that Payphone promises.

These virtual or non-virtual payment methods that can be implemented in Latin America must be analyzed by your team to determine which will be the most appropriate. To implement a virtual store, you must not only think about the platform you will use, but you must also take into account the habits of your customers.

Research your potential customer and analyze their decision-making process to make a purchase. This way, you will have a clear idea of ​​what payment options you will offer. However, it is always important to start with what is easiest and most familiar to your user. If you want to know how to implement your online store, step by step, I suggest you download the Ecommerce Guide below.