E-commerce payment methods: the more the better.
E-commerce means of payment are the forms of payment made available by a virtual store to its consumers. The most common formats are bank slip, credit card and online debit.
Why offer multiple e-commerce payment methods?
In fact, not every Brazilian has a credit card to pay for purchases made in virtual stores. In addition, a large part of the population does not even have a bank account. Others, however, do not have access to digital wallets. Hence the importance of offering multiple means of e-commerce payment.
In other words, the more comprehensive you are in offering e-commerce means of payment, the more people will be able to close sales in your virtual store. That way, from the young to the elderly from all social classes will be able to shop with you.
9 e-commerce payment methods that you can make available via VTEX
Developing e-commerce with the VTEX platform enables the offering of various e-commerce payment methods to consumers. This is because this platform has partnerships with several supplier companies in the sector.
Therefore, VTEX Stores can provide payment options such as:
• Cash on delivery (partnership with PinCash )
• Cash at lottery outlets ( SafetyPay )
• Deposits (LevPay)
• Transfers (LevPay)
• Credit cards (PagBrasil)
• Account debit
• Bank slip (PagBrasil)
• Bitcoin
E-commerce payment methods: VTEX allows cash payment.
As a curiosity, in July 2018 the Central Bank published the survey “Brazilians and their relationship with money”, in which it pointed out that 96,1% of the national population still uses cash in payments.
Conditions and security
No less important is the fact that it is possible to offer several payment terms. That is, you can put choice options for cash payments, interest-bearing installments and interest-free installments, for example.
Finally, it is good to remember that your virtual store must have security systems capable of preventing fraud and data theft. By blocking malicious people, you ensure that your e-commerce always has a good credibility in the market.
