The trend of paying for things online has just come recently where a person buys or purchases anything from any store and instead of paying cash he or she asks the cashier whether they can pay the money online that means the owner has to take card payments online.

It is important for the small and newly opened business to opt for these services as soon as possible as after some time due to rise in competition in the market the price may go up of setting as well as interest on payment.

A person can pay to the shop owner either from the shop’s own website which has a payment gateway link or can either pay by receiving an electronic invoice on their phone by using SMS.

There are a number of online payment system such as payment gateway, pay by link and virtual terminal solution.

All the online payment methods should be registered to the owner’s merchant bank account as well as it should follow and comply with the guidelines of PCI DSS ( Payment Card Industry Data Security Standard).

These all should be linked and verified so that you can be able to take payment online through debit, credit cards of any bank account.

After doing this procedure, all the transaction that you make from the payment portal’s will be stored and its data also will be stored in a safe and secure server to which no one has access to even the manager of the bank.

Different types of online payment system

This is the list of the different payment system.

• Payment gateway :-

A payment gateway is a link that is available on the checkout page of the website on which you are surfing or buying things online.

A payment gateway is a safe method to pay as the customer’s bank provides a link from which he or she can pay the money using their credit or debit card details.

• Payment link :-

A business owner can send the payment link directly to the customer’s phone and after they access that link. It will directly take them to the payment window.

Where you will have to enter the card details, and the amount will already be given on it.

• Virtual terminal :-

It is an internet-connected portal link which the business owner will send you from his or her tablet or phone, and you will give your card details online, and business owner will enter the amount and send the link to the customer.

Here the customer will finally click on the link and enter the OTP ( One Time Password ) which will be received on the customer’s phone registered with the bank.

• Developer support :-

If you are a software developer, then the payment company can hire you to look after the transaction of those people who don’t know how to pay online or are making a mistake.

You also have the job to teach them how to pay online.

I hope that you get the information about the online card payment and different types of it.