What is online payments?
Online & Invoice Payments
An online or e-commerce payment system facilitates the acceptance of electronic payment for online transactions. Also known as a subcomponent of electronic data interchange, e-commerce payment systems have become increasingly popular due to the widespread use of the internet-based shopping and banking. Online payments are facilitated by 'payment gateways' or 'payment service providers' such as Lytika Pay. Collecting money through the Internet means accepting online payment. The most common payment forms online are credit card and debit card, others are e-wallet, bank transfer, Apple Pay, Google Pay and smart cards via website checkout which is connected to a shopping cart, common platform applications would be Bigcommerce, WooCommerce, Magento & HTML. Accepting payments online gives you the ability to get paid even if your customers are hundreds if not thousands of miles away!