E-Commerce Payment Methods FAQ

Staying current on the latest e-commerce payment methods is an easy way to boost your profits. However, the online payment industry seems to change daily—making it challenging for creators to keep up. 

SamCart is here to unpack frequently asked online sellers' questions about customer payment methods. 

Which Payment Methods are the Most Popular? 

To successfully complete a sale, you must have a compatible way to accept customer payments. In the world of e-commerce, your payment options are seemingly endless. So, which online payment methods are most popular? 

Mobile wallets (like Apple Pay, Google Pay, and PayPal) are preferred among online buyers—closely followed by credit/debit cards. You can read a breakdown of the preferred payment options by category in our complete guide to popular online payment options. 

How Do I Expand My Online Payment Offerings?

With the right help, you can easily integrate new payment methods into your online shop. You simply need an advanced payment gateway and a compatible e-commerce platform. 

• Payment Processors: A payment gateway will safely collect and process customer payments. Click here for our guide to connecting a payment processor to your online shop.
• Mobile Wallets: From Apple Pay to Google Pay, Microsoft Pay, and more, mobile wallets have become increasingly popular in the online marketplace. Click here for a guide to enabling digital wallet payments. 
• Credit and Debit Cards: All the most prominent e-commerce payment processors currently accept credit and debit card payments. Here is our guide to connecting payment processors.

How Do I Introduce Buy Now, Pay Later Options?

As buy now, pay later (or BNPL) payment options become more popular, you will want to ensure your business is ready. Your e-commerce payment processor will help you introduce the latest payment options—including buy now, pay later. 

Which Payment Processor Should I Use?

The payment gateway you choose can impact every corner of your business—from your sales rates to your payment features and transaction fees. Therefore, it is essential to do your research and find the best payment processor for your business. 

Here at SamCart, we recommend SamPay. This payment gateway (powered by Stripe) is tailored to the SamCart e-commerce platform. With SamPay, our sellers can immediately access the latest payment features and effortlessly maintain compatibility with all the most popular payment options. 

How Do I Optimize and Automate the Checkout Process?

As checkout automation and optimization sweep the e-commerce industry, you might wonder how to implement these improvements. Here are a few tips to help you get started:

• First, customize your checkout forms to make them clear and accessible to buyers.
• Remove any unnecessary form fields or checkout steps. 
• Accept a variety of customer payment options.
• Make sure your website is loading properly to provide a consistent checkout flow. 

You can read our complete guide to checkout UX here for more information. 

Do All Payment Processors Charge Transaction Fees?

The short answer is yes—all reputable, streamlined payment processors currently charge transaction fees. 

These fees help offset the cost of security maintenance along with the services required to process and transfer a customer payment. Thankfully, there are ways to mitigate the impact of transaction fees on your business. 

For example, while payment processing fees are inevitable, you will pay twice as much if your e-commerce platform also takes a cut. Instead, partner with an e-commerce platform (like SamCart) that does not charge transaction fees. Many sellers also adjust the price of their products to offset the costs of transaction fees. 

How Do I Know Payments Are Secure?

In order to sell online, customers must trust your shop with their sensitive payment information. After all, 18 percent of users reported cart abandonment because they didn’t trust the website with their sensitive data. 

Thankfully, there are some easy ways to double-check that your site is safe for buyers:

• First, take a look at your URL. SSL certificates (indicated by the “S” in the “https://” portion of your URL) let customers know your site is secure. 
• Online sellers are required to maintain compliance with PCI DSS (Payment Card Industry Data Security Standards). These standards ensure e-commerce websites keep customer payment information safe.
• Displaying customer testimonials or reviews can further build trust in your website and encourage sales. 

While SSL and PCI DSS can be challenging to understand and meet independently, a trusted e-commerce platform (like SamCart) will ensure your site is compliant.

Sell and Profit More With SamCart

The experts at SamCart know that keeping up with the latest payment options is critical to boosting profits. Our e-commerce platform helps you stay competitive with advanced selling and payment features. 

Digital product sellers can access our free online AI workshop to stay ahead of changes in the e-commerce industry. New creators can start selling for free with a SamCart trial today! 

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