Payment Methods and Types

What are Payment Methods

Refers to number of ways in which merchants can collect payments from their customers, for example, credit cards, digital wallets, direct debit etc. Customers can choose their preferred payment method based on convenience, security, and availability.

Accepted Payment Method Types

Cards

Cards are a widely used payment method that allows customers to make transactions using credit, debit, or prepaid cards. Merchants can accept various card brands, and specialized options like manufacturer cards are also available.

Bank Account

A financial account held by an individual or entity at a financial institution, such as a bank or credit union. A bank account allows account holders to deposit and withdraw funds, make payments, receive direct deposits, and access other banking services