Academy Open Stores Payment Processer

Payment Methods for eCommerce

There are different types of payment methods for eCommerce.

for shoppers, they will choose the best and easiest way to pay.

according to globalpaymentsreport show payment method share of eComeWallets has established a dominant position globally

Firstly, from the chart.E-wallet is growing rapidly from 40% in 2019 while credit card payments tend to decrease from 20%

Secondly, for bank transfer and debit card will remain stable

What is an e-wallet? 

An e-wallet is a digital system that stores a person’s payment information. ‘Digital’ means it exists purely electronically. It is a secure, online wallet. We also call it a digital wallet.

The e-wallet stores users’ cards digitally so that they can buy things electronically, i.e., online. If you have this kind of wallet, you can pay for things online using your laptop, tablet, or smartphone.

You can also use your digital wallet to pay for things in some cafes and shops that you physically visit.

Some e-wallets store your loyalty cards, insurance cards, and driver’s license. They can also store your health card plus other IDs that you’d normally keep in a traditional wallet.

An e-wallet may also refer to where people store their cryptocurrencies, i.e., it may mean a cryptocurrency wallet.

A cryptocurrency is a type of digital money, i.e., money that exists purely online. Bitcoin, for example, is a cryptocurrency. – marketbusinessnews

The benefit of digital wallets is more convenient for customers. they don’t have to fill out card number details.

Moreover, they can log in to their digital wallet account and transfer money

However, for those who don’t familiar with digital wallets. they have other payment methods. for example, credit card debit card or bank transfer.

for some reason that not popular compare with digital wallets is about personal data security and more task to do 

Sometimes, shoppers worry about credit card fraud or not receiving products. they will take COD or Cash On Delivery option

For instance, they are paying after receiving the product. It is very safe and there is no question of any fraud or loss of your money

Learn more >> How to start dropship business

Facebook Group Discussion

14 hours ago

Hello ✴️........

I'm using CJ for my jewelry e-store my question is related to the shipping method to the USA.

Are the shipping time of the below methods are respected or not?

Cpacket YT US ordinary: 7 to 15 days

USPS: 10 to 20 days

Is it ok to use the above to ship jewelries?
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4 days ago

So happy with my biggest number ever, i know a lot of people who are getting bigger numbers. However, i'm proud i made it this far in my journey 🥰 ... See MoreSee Less

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14 hours ago

How do you guys explain to the customer that there is effectively no warranty on products? All I can see on CJ is a 10 day dispute policy which obviously doesn’t cover potential manufacture defects 3-6 months down the track if product all of a sudden stops working for no reason. ... See MoreSee Less

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14 hours ago

Why CJ removed CNE post for UK ?
THis was soo fast post !
Please back it !

You should add new post chanels and instead that you removeing exist shipping methods !
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1 week ago

I need a dropshipping agent! ... See MoreSee Less

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