Top Payment Processing for E-commerce

E_commerce Payment processing

The increasing popularity of e-commerce puts pressure on companies to have a solid e-commerce payments plan that meets the demands and preferences of their clients. There are numerous aspects that organizations must take into account, ranging from selecting the best payment methods to guaranteeing secure payment processing and adherence to industry rules. 

Furthermore, it can be difficult to decide which payment platform or supplier is the greatest fit for your company when there are an increasing number of options available.

Definition of E-commerce 

E-commerce – is a term that is called “electronic commerce” – it is used for buying and selling goods and services online. It involves a variety of online transaction types, including online shopping, electronic payments, online auctions and many more things. In recent time, e-commerce has gained popularity as more people and companies use it to buy anything from B2B software subscriptions to consumer goods.

 Types of E-commerce payment methods 

Online shoppers have a variety of payment options for goods and services. Traditional e-commerce payment methods like credit and debit cards are joined by more recent and innovative options like digital wallets and mobile payments, pay later options and cryptocurrency.

Giving a variety of payment options to the customers to fulfill their needs and preferences is mandatory  to create a competitive e-commerce service that is optimized for change. Businesses should carefully observe their alternatives when selecting an appropriate e-commerce payment method because there are a lot of platforms and payment providers. For more information about e-commerce payment methods, including tips on how to choose the best payment methods for your business

How e-commerce payment method used 

E-commerce payment processing involves several parties, including the customer, the online shop, the payment gateway and the payment processor. When first set out, the step-by-step process can seem complicated. However, every part is designed to ensure that payments are authorized, approved and settled securely and as quickly as possible. 

The steps involved in processing payments for online purchases are broken down as follows:

  • Place your order: First of all, search an online shop, select the products that you wish to purchase and then proceed to check out.
  • Enter your payment information: At checkout, first enter your  payment information, such as credit or debit card details, into the payment gateway provided by the online shop.
  • Payment authorisation: The payment processor receives the payment details from the payment gateway and uses those details to confirm that the payment is authorized and real  by checking with the customer’s bank or credit card giving organization. 
  • Payment approval: After recirculating an approval message, the payment gateway confirms by a notification to the online store that the payment has been approved and authorized.
  • Order confirmation: Once the order has been accepted, the online store verifies the customer’s order and notifies them via email. 
  • Settlement: With the merchant’s bank account, the payment processor settles the payment after a few working days of confirmation. 
  • Payment reconciliation: By reconciling the payment with the order, the online store verifies that the payment matches the order amount. 

What are the main e-commerce payment methods? 

There are several payment methods to choose from when buying from an online store. Fail to offer them and you risk losing the 10 % of people who’ve abandoned their online cart because their preferred method was unavailable. 

Prioritize the most popular ecommerce payment methods when evaluating potential payment processors, including:

Credit and debit cards

This remains the most popular payment method. A processor gets in touch with the issuer (such Visa, Mastercard, or American Express) when a customer makes a purchase from your store to request authorization.

Mobile payments 

Roughly half of all e-commerce transactions happen using a mobile device. Mobile payment methods such as Apple Pay, Samsung Pay, and SMS payments make it easier for mobile shoppers to buy online. 

Buy now, pay later (BNPL)

Some people prefer not to pay for goods in full up front. BNPL services bill a customer automatically when their next payment is due and divide the expense among multiple transactions. Payment processing platforms like Nuvio pay etc. provides a way for customers to break their purchase down into smaller payments. Even without the service charge, you are still paid in full up front for the order.

Bank transfer

With this payment method, a customer signs into their online banking app and manually sends money to an ecommerce business. It is mostly utilized in high-value business-to-business (B2B) e-commerce transactions when payment is made after an order is placed.

How to choose the right e-commerce payment provider platform?

Take your time and carefully weigh all of your alternatives when selecting the best e-commerce payments provider for your company. These payment features are crucial to guaranteeing your consumers a safe and easy checkout process.

Here are a few safe and useful factors to consider: 

1. Identify your payment needs

Think about the payment options you must provide, if you can accept payments in other currencies and if you must handle subscriptions or recurring payments, only then go for it. 

2. Think about the company you are in right now and wish to expand into

Companies that are limited in scope may have easier payment requirements than a larger international e-commerce corporation. Please ensure that the payment provider company you choose should meet your demands in all markets, including those related to currencies, local payment methods, and international compliance.

3. Check for security and compliance

To decrease the chances of fraud and theft of client payment data, businesses that take credit card payments are required to adhere to PCI DSS. This means using encryption protection and other security measures to protect customer data. Working with a payments provider, such as Nuvio Pay, ensures that your e-commerce platform remains PCI compliant and may help you to avoid penalties or fines. 

4. Evaluate ease of integration

Make sure you know how to onboard and integrate your new e-commerce solutions into your existing digital storefront, including hosted payment pages, embedded checkouts, and invoicing support. A provider such as Nuviopay offers customisable integrations and flexible APIs to give you the most tailored experience possible.

5. Consider customer support

The payment provider who offers the responsive customer support that supports via phone, email or chat – or all three, it will be good to work with such a payment provider. 


Now, I hope you understand well the available options to accept and make payments through e-commerce platforms. Now, I think  you’re well equipped to make decisions about which one e-commerce platform you’ll select.

Payments are essential to your business’s success, regardless of how long it has been operating. You have plenty of options at your disposal, but you need a payment processor that can meet both your and your clients’ unique requirements. Make sure the processing system you select allows for simple online transactions for both you and your clients.

Frequently Asked Questions!

1. What are the top three payment processors for e-commerce?  

The top three payment processors for e-commerce are Nuvio pay, PayPal, and Amazon Pay.

2. What is most important in e-commerce for payment processing? 

Safe and secure payment processing is the most important thing for any e-commerce business. Using safe payment solutions ensures your credit card and other personal information is kept private and safe. 

3. How to accept payments on e-commerce? 

First, choose your payment processor then sync the processor with your e-commerce platform. After that choose the payment method you will accept and set a payment currency and schedule. 

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