Paypal is a popular payment option but is not available worldwide, crypto is getting popular but it is still not used in many countries. While running an online store, it is very important to provide multiple payment options for the buyers. This will encourage people to buy more. YOu also need to add a secure payment gateway that encourages customers to shop confidently.
Providing Multiple Payment Options
- Thread starter nomad
- Start date
You are right and any websites that always request for credit card as a means of payment should be a very big website and a trusted one like Amazon because it is very risky to release your information
Like myself, whenever i come to a particular store online or even about to work on a site, the first thing i do check is their payment options, if there is no one i can use, i would simply move on. Having multiple payment methods would definitely help a lot.
It doesn't seems to be true since the big majority of websites stills limited to PayPal payment and few of them are moving on to the crypto means if you find someone providing both it is rare.
The big majority of online stores adopts credit card and PayPal and Binance is offering virtual crypto cards nowadays as you could order from 17 USDT that is their minimum with 2 USDT fee and 15 USDT refill, it is possible to refill even with 100 USDT and max funds is 10 kilo usdt. But could not link with PayPal means need site accepts credit card.
At the moment, for accepting payments, I offer options such as PayPal, CashApp, Litecoin, and Bitcoin and I can also offer bank transfers if needed.
I think it's a really good idea to be able to offer as many payment options as possible so that everyone is able to use your services and be able to pay for them.
I think it's a really good idea to be able to offer as many payment options as possible so that everyone is able to use your services and be able to pay for them.
It depends because many people opt for Litecoin payment but for Cash App and PayPal it will be the fact of country limitation or bank transfers because it could cut the fee for international bank transfer.
This is very true. I used to only accept PayPal at one point until I learned about the issues with some countries not being able to access it and that is what pushed me to offer more than PayPal.
I thought accepting ones like Bitcoin or Litecoin would be difficult but it's been easier than I though to do and understand.
- Thread starter
- #13
Explain to me how doe using multiple payment options for your online store can cost you money. Don't you think you will have more sales on your store if you are offering multiple payment options to the buyers?
Sometimes you need to enroll for premium offer in Stripe for more payment features or premium coinpayments or even premium woocomerce plugin for more features of payments, if you are not on these platforms you won't understand anything.
- Thread starter
- #15
You also need to realize when you offer multiple payment options, you will also have more buyers and when you have more buyers, you will also have more sales
