Anyone who is active in e-commerce must keep an eye on the current billing system. The option of cashless transactions is becoming increasingly important for customers. There are currently 40 common payment methods in Germany, many of which are actively used by online stores to sell products as quickly and transparently as possible. The most important payment systems include invoice, advance payment, cash on delivery, direct debit and credit card. It is of great importance here to offer as diverse a range as possible: according to studies, 80 percent of customers cancel a purchase if only the cumbersome prepayment is offered as a billing system.
Well-known: Invoice, prepayment, cash on delivery
The classic billing systems include invoice, prepayment and cash on delivery. The invoice refers to payment after receipt of the delivery. Due to its long history in the German mail order business, this billing system enjoys a relatively high level of acceptance among customers and suppliers. Among the billing systems, advance payment is also widespread and brings clear advantages for the retailer. Payment is made before the goods are delivered, so merchants are protected against payment defaults. However, this payment method does not make it among the most popular billing systems among customers; buyers usually prefer more flexible billing systems. Nevertheless, prepayment is one of the classic payment solutions and should not be missing in an online store. Cash on delivery should also be available as a billing system in an online store. In this case, the customer pays in cash only upon receipt of the shipment.
Payment systems that have proven their worth
Direct debit has established itself as one of the most popular billing systems. It is a simple and convenient method of payment for both the retailer and the customer. By simply entering the bank details in an online form in the web store, the merchant receives authorization to collect the amount. In a comparison of billing systems, direct debit is considered secure and cost-effective and must be available as a billing system in every modern online store. This also applies to the credit card, which is used internationally as a billing system in e-commerce and is therefore particularly well suited for transactions with foreign customers. Due to its relatively high level of security and automation, credit card payment is becoming increasingly important.
Novalnet: All billing systems from invoice to e-payment
Whether credit card, direct debit or e-payment – Novalnet offers the integration of all common billing systems into your online store. Interfaces for billing systems specially developed for e-commerce guarantee fast and smooth payment for your customers. The customer simply selects the billing system of his choice in the online store and makes the payment in a few steps.
- Payment Processing
- Marketplace & Affiliates
- Automated Invoicing
- Membership & Subscriptions
- MOTO & Pay-by-link
- Instant Plugins