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     See for the best eCommerce Payment options for website with details



An electronic payment system is a process of paying for goods and services through an electronic medium, without any involvement of checks or cash. It’s also called an e-commerce payment system or online payment system.

Classification of e-commerce payment systems?

The growing use of internet-based banking and shopping has seen the growth of various e-commerce payment systems and technologies. It has been developed to increase, improve and provide secure e-payment transactions.

Paperless e-commerce payments have revolutionized the payment processing by reducing paper work, transaction costs, and personnel cost. The systems are user-friendly and consumes less time than manual processing and help businesses extend their market reach.

The different types of e-commerce payments in use today are:

E Payment Through Credit Card :


The most popular form of payment for e-commerce transactions is through credit cards. It is simple to use; the customer has to just enter their credit card number and date of expiry in the appropriate area on the seller’s web page. To improve the security system, increased security measures, such as the use of a card verification number (CVN), have been introduced to on-line credit card payments. The CVN system helps detect fraud by comparing the CVN number with the cardholders information.

E Payment Through Debit Card :



Debit cards are the second largest e-commerce payment medium in India. Customers who want to spend online within their financial limits prefer to pay with their Debit cards. With the debit card, the customer can only pay for purchased goods with the money that is already there in his/her bank account as opposed to the credit card where the amounts that the buyer spends are billed to him/her and payments are made at the end of the billing period.

E Payment Through Net Banking :


This is another popular way of making e-commerce payments. It is a simple way of paying for online purchases directly from the customer’s bank. It uses a similar method to the debit card of paying money that is already there in the customer’s bank. Net banking does not require the user to have a card for payment purposes but the user needs to register with his/her bank for the net banking facility. While completing the purchase the customer just needs to put in their net banking id and pin.

E Payment Through TEZ/BHIM/UPI :

Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity. UPI is built over the IMPS infrastructure and allows you to instantly transfer money between any two parties' Bank Accounts

What is a BHIM UPI?

BHIM UPI (Unified Payment Interface) is a mobile payment mode that enables you to make instant money transfers directly between two bank accounts. Additionally, you can also make payments merchants who accept BHIM UPI as a payment mode for transactions.

What is a TEZ UPI ?

Tez is a mobile payments service by Google, targeted at users in India. It operates atop the Unified Payments Interface, developed by the National Payments Corporation of India. It can be used where UPI payments are accepted.

E Payment Through Paytm :


Paytm, owned by One97 Communications, is a digital payments platform that allows you to transfer cash into the integrated wallet via online banking, debit cards, and credit cards, or even by depositing cash via select banks and partners. Using the money in the Paytm wallet, you can pay for a number of goods without using cash.

E Payment Through E- Wallet :


E-Wallet is a prepaid account that allows the customer to store multiple credit cards, debit card and bank account numbers in a secure environment. This eliminates the need to key in account information every time while making payments. Once the customer has registered and created E-Wallet profile, he/she can make payments faster.

E Payment Through PayPal :

PayPal is an online service allowing International users to transfer money without sharing financial information with the recipient. Users pay for transactions through credit/debit cards, bank accounts, PayPal accounts or financing.

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