When you start selling online, you can decide which payment methods to offer to your consumers as there are plenty of ways to get paid for online sales. Most retailers on the internet accept credit and debit card payments, which are handled by a payment gateway. Online payments through digital wallets like Paytm, Phonepe, and Google Wallet are increasingly rising in usage. Customers can use their digital wallets to pay for online purchases by linking their bank accounts or credit cards to them.
Larger purchases or foreign transactions can be completed through bank transfers or wire transfers. Customers who want to pay for their items in cash when they receive them have the option of COD. This choice may not be appropriate for larger deliveries or international orders and is normally used for local deliveries.