Online payment methods refer to the way shoppers can pay for their purchases over the Internet. An online payment method is presented at the checkout or payment page of the merchant and should have a clear recognition by the shopper through means of a well-known logo (e.g. Mastercard, PayPal) or common all-purpose words like ‘credit cards’, ‘bank transfer’ or ‘payment-on-delivery’. Alternative payment methods refer to online payment methods that are used as an alternative to credit card payment.
Take a glance the most used online payment method by South African online shoppers: