You might want to explore expanding your client payment alternatives as your company grows its online presence. When you give clients as many payment options as possible, you give them more possibilities to pay in the way that they like, providing them more reason to become (or stay) a member of your loyal customer base.

While popular ways are beneficial, many others use the same technology, so they are also worth considering. When determining which alternatives to provide, it’s crucial to first grasp some terms and how these payment methods are provided, processed, and accessed so that you can make better-informed judgments.

Virtual Terminals

Virtualization (the migration of physical equipment to cloud-based platforms) has resulted in an increase in the number of online payment methods available. Virtual terminals and payment gateways are contemporary payment technologies that allow customers to make purchases via a variety of methods and devices.

Payment Gateways

A payment gateway is typically linked to customer-facing transactions on your website via a web-based shopping cart. When a customer completes a transaction, the data is secure and transferred to the gateway, which then transmits it to your card processor, which sends it to the consumer’s card issuer to credit or debit their account.

Credit Card Processing

Credit cards remain the most common method of payment for products and services purchased online. You may normally open an internet merchant account with the same bank that processes your credit cards. Because many banks only deal with some of the credit cards involved, you may need to open online merchant accounts with multiple banks to process all of the main credit cards on your website.

Apple, Google, and Samsung Pay

Apple, Google, and Samsung all provide payment alternatives for devices running their operating systems. Most credit and debit card providers can be linked to payment methods on iPhones and Android phones. The transaction is started by a gadget called a contactless payment reader, which takes connections from your customers’ devices.


PayPal is a one-stop-shop for online payments that doesn’t necessitate the use of a merchant account. With the Website Payments Standard service, you may accept Visa, MasterCard, Discover, and American Express credit cards, as well as bank transfers and PayPal payments—all without paying any monthly, setup, or cancellation costs.

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