The Most Common Payment Ways in Online Business
Posted on March 30, 2010 - Filed Under Electronics Wholesale
At present, the typical payment ways for foreign trade events are PayPal, West Union and Bank Wired Transfer. Owing to these three payment ways the online trading is widely speared. They bring much convenience into the field of foreign trade. Let me introduce these three payment ways for you here.
Firstly, it is PayPal. It is an easy way to make the payment with or without a website. You can pay for your order by debit and credit cards, bank transfer and PayPal balance. Even if you have no PayPal account, you can also make the payment via PayPal. Everyone can use PayPal in the following four ways, including request money, send an invoice, mass pay, and send money. For the online trade, the common ways are request money and send money. You can request money from your customers via email, and you can also pay anyone with an email.
West Union and MoneyGram are the two similar payment ways. Via West Union, you just need the information of payee as First name, Last name, Country and City. When you make the payment, please let the payee know the detailed payment information as Sender’s First Name, Sender’s last name, Money transfer control Number (MTCN), the exact amount and Country. Western Union And MoneyGram are the fast way to send and receive money worldwide. These two options are convenient for both of us to make the deal quickly and conveniently.
The last one is Bank Wired Transfer. You should be clear about the account of payee in case of any mistake during the payment. In addition, the Payment Clearance Time of Bank Wire Transfer is usually 3-4 business days. When we confirmed the payment, we will notify customer and start to process the order.
Consequently, shopping online becomes hot and popular these years, and then there are so many online payment ways appeared in the Internet to match people’s demand. Once you confirm your order, you may make the payment online immediately. These payment ways allow people, who like purchasing commodities or doing business online, to transfer the payment online directly.
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