Why Online Payments Are a Boon for E-commerce

Why Online Payments Are A Boon For E-commerce



There's a steady rise in the number of consumers opting for online payments in 2019, with mobile payments seeing an exponential increase. As per a study done by Price Waterhouse Cooper, consumers choosing to purchase through mobile payments have doubled in less than a decade - from 7% to 17%.

If you're an online business owner, it's vital to offer your customers an array of payment options to stay competitive in your niche market. The greater the variety of payment options available to a customer, the higher the customer satisfaction rate. Another added advantage of having multiple payment options is it decreases the time to get payments. Many vendor sites benefit and save time by receiving payments through direct debits from bank accounts or secure phone payments.

If as a business owner, you're wondering how to accept payments online, here are a few options.

Offer an online payment gateway: Creating an easy-to-fill payment form will assist customers to pay directly. Repeat customers can set up an account with their payment information securely stored for repeat payments when shopping at your site. Another option is to outsource the online payment gateway feature to specialist companies dealing in online payment services. This will cover all aspects, from handling the payment form and providing secure payment to securing customer data. The form can also be tailor-made in accord with your brand. Giving customers the facility of an online payment form makes it feasible to receive payments via e-check, debit or credit card.

Online Card Payment: Giving the customer the facility to make payments via a debit or credit card is the simplest way of accepting online payments. If you intend to integrate this feature on your website, you'll need to choose between a holding account held by an intermediary or setting up your personal dedicated business account. Both of these have very different processes, so you need to do your homework and find which is best suited for your business. The top debit cards are Mastercard and Visa, while American Express, Mastercard, and Visa are among the most popular credit cards used across the world.

E-check Through ACH Processing: Another popular way of accepting payments is by directly debiting a customer's bank account through the use of e-check (electronic check). For this, the customer provides the information on the regular check, i.e. name, amount, account number, routing, and authorization, using an online form for payments or an interface. This enables the payment to get processed electronically without any need of a regular paper check. The ACH process is done under the guidelines of the National Automated Clearing House Association with transaction fees (generally lower than credit cards). A bonus is it's swifter and a more secure way to receive payments than getting a regular check via standard mail.

Mobile Payment: This is one of the fastest growing payment modes, and comes in the form of entering a credit card number using a card with a chip or swiping on a variety of mobile devices. The payment is authorized after the customer keys in the PIN. A receipt gets generated immediately.

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Why Money Isn't Everything

What really matters in life are family, friends, and happiness.

Everybody wants to be successful in life. People want to be rich, have a lot of friends, and become famous. However, what if instead of being rich with money, you were rich with family and people who cared about you? What if instead of having a lot of friends, you had a lot of happiness and health in your life?

Many people forget that money and fame do not lead you to the top. Having friends and family who truly care about you and obtaining a raw happiness from just living life are really what matters in my opinion. It all depends on people's values and morals.

Some people will say that money is what makes the world 'round. This is true. Unfortunately, money is a big factor in how we live our lives in today's day in age. However, money is not everything. While money can buy you a mansion, it cannot buy you a family to live in it.

When we think about success, we tend to think about these material items, but how sad would it be not not have anyone to enjoy them with? Life is supposed to be spent with the ones you love and care about. If money gets in the way of that, then maybe it is time to reassess your priorities in life.

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6 Money-Saving Apps Every College Student Needs To Take Advantage Of

Aka how to spend while being a broke as f*ck college student.


Every college student knows the struggle of pinching pennies. Sometimes we sleep for dinner or swipe food from the dining hall for later. Buying new shoes is a luxury and eating out at chipotle is a treat. It doesn't have to be this way, though. There are tons of apps and websites that will help save money on everything from new clothes to parking fees. Keep on reading to find out how to save a few bucks with every purchase you make.

1. Ebates

Ebates is a website that offers cashback on nearly every purchase you make online. For each store, there is a percentage of money that you get back. It builds up in your account and gets cashed out every three months and goes into your PayPal account. There are also chances to earn double cash back at stores or get exclusive coupons. Some cashback can get obtained in in-store purchases, you just have to link the card you are going to use.

2. Flightdrop

Flightdrop is an app that helps you find cheap airline tickets to anywhere in the world. You get a notification about a cheap ticket deal you can purchase. In the past, I have been offered $400 roundtrip tickets to Paris and $500 roundtrip tickets to Japan. However, they are only these prices certain days and months so there is not a lot of flexibility in that area. You can also earn points by completing certain tasks which will unlock your perks like getting flight notifications earlier than some.

3. BestParking

Finding parking and at a reasonable price can be a drag which is what this app was designed to solve. The app allows you to see the available parking spots and their prices in your surrounding area. This helps users cut down on time and save some money by finding the cheapest spot rather than parking in the first spot they see open. You can also reserve a parking spot in the app which can save you up to 50% off the standard rate.

4. Honey

Have you ever looked up a coupon for a store before hitting the purchase button just in case you find something? Honey is a browser extension that does that for you but in a more efficient manner. Honey browses and tries all the possible coupons found for that website so you don't have to manually try each one. Honey also gives you points with certain purchases made which can be saved up towards a $10 gift card to a store of your choice.

5. StudentBeans

StudentBeans is an app and website that offers student exclusive coupons and deals in everything. They offer deals and coupons on clothing, food, travel, subscriptions, entertainment, etc. It's free as long as you sign up with an account linked to the school you go to. You don't even have to be a college student to use this one, it is open to high school students as well.


This is another app and website that offers student exclusive deals and coupons. UNiDAYS offers a lot of discounts and deals for many websites you are familiar with or already shop at. StudentBeans has fewer options and tends to be less known brands. With that being said, it is worth it to use both because you never know what kind of deal you could come across in each application.

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