Best Online Payment Methods: How to Receive Payments Online

Best Payment Methods for Online Businesses

On the internet market there are two things involved and they are; selling and buying. The most important thing for online marketers is receiving secured payment from customers when they sell their products online or render services online. So I will be discussing on the various payment methods online. Safe and secured, choose from the list which you may consider more preferable for you to use to receive funds, transfer or pay for anything online.

Even if you do not have a business online or a product to sell or service to render, you also need to have an e-wallet because the world of today is gradually evolving to an era where those things will be in use in full because it is now already in use that is why all Nigerian banks have introduced online banking system to ease their job.

Online payment Processors/ Methods

1.      VaguePay:    This is the best of all payment methods for online businesses especially, and it also provides an option for business men and women to set their product page for sales, set their price and get paid directly immediately someone buys their product online.

This payment method typically fits into a steady online business where products are placed on sale with variety of choices to customers to choose from and make payments immediately by inputting their ATM cards details and the fixed amount or prices for the product will be deducted instantly from their accounts and you as the person selling the product will instantly get the transaction notifications, then you can deliver the product to the person who paid.

It is as simple as that.

See how to create a free Vaguepayaccount and generate your own payment links instantly even without a website orblog and how to generate your personal merchant ID.

 2.      Paypal:  this is another excellent online payment method which requires you to create an e-wallet account, upload your photograph for identity, upload your preferred methods of receiving payments; either your ATM card details or your Bank Account details.

For a long time now PayPal has been the best payment method online because of its enormous options provided for every one online; whether you have a business or not, you can use it for funds transfer, to receive money in foreign currency and request for payments which will be transferred to your local bank account.

The creation of an e-wallet account with paypal is also very simple, click here to create your own personal PayPal account now. Or click on the image below to start creating your account for free.

But there have been an issue lately with the linking of debit cards, but recently we got an information that for successful linking, the debit cards that can be accepted are Mastercards, but a research was undertaken and a development based on the operation of paypal was found to be that the issue encountered with paypal affects only when linking an ATM card.

Here’s the gist…

It is true that the most used and best online payment method or gateway for online transactions is the PayPal e-wallet. But unfortunately, just of recent, paypal access to Nigerians is now on restricted grounds, which are not allowing them to use the service for receiving funds anymore. Although, the process of using this service to transfer funds to other paypal users and to purchase items online still remain valid.

Now, the major problem Nigerians who are having businesses running online is this trauma their only hope of best online transaction medium has brought to them. It is highly saddening to be disappointed, it id for this reason that most times when you try to link your debit or credit card online it pops up a message of rejecting the card over and over again. Webmasters and entrepreneurs are finding it difficult to process payments because of this issue.

Here’s the goodnews!

So many are finding it difficult to receive payments online because their dearest PayPal has failed them, but the goodnews is that, they are over five (5) other online payment methods, which serve as alternative to nigerian’s hope for the forgotten Paypal. Although, these payment methods may not be perfect enough to replace paypal, but will at least, provide an avenue for you to receive payments online, even from abroad.

So the alternatives are as follows;

3.      Payoneer mastercard-  considerably, this should be more preferred choice for Nigerians because it covers every area of online payment for products or services rendered on the internet. This option is best suitable for freelancers, affiliate marketers, and other  business owners and individuals too.

Steps to get your payoneer account

·         This service fits perfectly for those who want to venture or start freelancing jobs online and any other typical online job or services, therefore, you can request for the payoneer card through any freelancing site or your affiliate marketing network you intend to work with, e.g.  Odesk, Fiveer, Elance and Markethealth; these are all examples of payoneer network partners.

·         Or you can probably decide to get the card directly from the Payoneer website, and then place your request there. After confirmation of your request, you  will be sent an email notifying you of delivery date, shipping info and other necessary details you may need concerning your request, and your card will be delivered to you in most cases it takes just 25 to 30 days of delivery, right  to your contact address here in Nigeria.

Once you have any available fund on your account, you will get an email notifying you of direct withdrawal instantly from any valid Mastercard ATM worldwide.

4.      Online money Transfer:  You can receive money online through online money transfer companies such as worldtrust and transferwise. With these services you can receive funds directly into your local bank account here in Nigeria. In order to use their services for this very purpose, simply visit their websites and signup immediately. Upon that action, follow the directions displayed on how to receive funds.

Note that, if you’re to use this service, the person sending you the money online should also have a registered account online with this site.

5.     Skrill: This is formerly known as Moneybookers. Skrill is at least a more preferred means of receiving payments which is also available to be accessed by Nigerans. This service works perfectly just like paypal, which allows you to send, receive, upload funds from your bank account, and transfer it as well.

If you’re facing difficulties in converting your payoneer funds to real cash, you can simply upload the funds from your payoneer account then, request for withdrawal or payment through your skrill account. Before you can be allowed to access the complete features of your skrill account, you must verify your account first. This is the only way, the easy way and best alternatives to the downfall of paypal for Nigerians.

6.     2Checkout:  This is likewise called 2CO. it allows you to imbed or integrate a payment method system on either your website or your blog. So, for sellers of online products and those rendering e-services, this is probably your best hit.

To register and use their services simply visit their website at www.2checkout.com, a service charge for this operation will cost you $10 only and upon confirmation, your account will be approved from 3 to 8days. So immediately they approve your account, you can now set up a payment or buy now button on your page.

The sweetest part of this service is that you can receive payment, and send funds to anyone in the world, regardless of the type of payment gateway method the person is using whether paypal, credit or debit card, or any other means at all.

7.      Wire Transfer:  It is no more a new method that is been used today. It is very simple and easy to use. In wire transfer method, your funds are transferred from the sender’s bank account from anywhere in the world to your own local account right here in Nigeria.

This method may although not be as fast as it is expected to operate, but this service is very suitable for everyone involved in any online business.

8.      Cheques:  I won’t stress much on this because it is somewhat risky when it comes to the point to cheque delivery to your postal address. Some businesses online offer cheques which are processed and sent to their respective customers who applied for them.

Here’s the fun!

When you request for your payment through cheque method from the company or network you’re into business with, a clean and well signed US cheque (normally spelled “check”) will be processed and sent to you, through the mailing address, then you will be invited by your bank here in Nigria to confirm and process withdrawals or fund your account if you want, or if you were given the cheque in hand, you can walk to your bank and process withdrawals immediately.

Although this method may take up to a month before it arrives because it’s an international cheque you will be receiving and because of the stress of tracing your home or contact address, in turn you might miss the cheque.

Hope this was helpful?

Show some love by hitting the share button below.