The vast majority of payments for an online retailer come from debit and credit cards. There’s currently no other widely accepted payment method that offers the combination of speed and convenience for both retailers and customers while also offering a layer of security. All online merchants have to accept credit and debit cards if they want to capture any noticeable amount of market share and be successful in the long term. Payment acceptance and processing is, however, an area that is unfamiliar to many new ecommerce store owners. While many have experience or familiarity with the products they sell, they’re less likely to be versed in the intricacies of credit card processors and other considerations.
There are plenty of different options available to ecommerce retailers, and the best fit has a lot to do with the individual characteristics of a business and personal preference.