Billing System

Methods of online payment for DAILYMUST.CO.IN

Debit cards constitute an excellent alternative with similar security but usually much cheaper charges. Besides card-based payments methods have emerged and sometimes even claimed market leadership.

Bank payments

This is a system that does not involve any sort of physical card. It is used by customers who have accounts enabled with net banking. Instead of entering card details on the purchaser's site, in this system the payment gateway allows one to specify which bank they wish to pay from. Then the user is redirected to the bank's website, where one can authenticate oneself and then approve the payment. It is typically seen as being safer than using credit cards, as it is much more difficult for hackers to gain login credentials compared to credit card numbers. For many merchants, offering an option for customers to pay with the cash in their bank account reduces cart abandonment as it enables a way to complete a transaction without credit cards.

Mobile money wallets

In some developing countries, many people do not have access to banking facilities, especially in tier II and tier III cities. Taking the example of India, there are more mobile phone users than there are people with active bank accounts. Telecom operators, in such locations, have started offering mobile money wallets which allow adding funds easily through their existing mobile subscription number, by visiting physical recharge points close to their homes and offices and converting their cash into mobile wallet currency. This can be used for online transaction and purchases.

Contact Information

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