Online Store Invoice: most popular payment method among customers
The Purchase on invoice is the most popular payment method of customers on the Internet. For buyers, this form of payment is considered very safe, because they usually receive the goods or services first. Upon receipt, they can examine the products, conveniently check the invoice and pay it by bank transfer. If customers order several goods, they often use the option of returning individual goods and transferring only the invoice amounts of the goods that are kept. Due to high demand from customers, many online stores implement this payment method. Payment service providers are often contracted by retailers and companies to offer, maintain and manage invoice purchasing and other payment systems.
The Purchase on Invoice – retailers want to minimize the risk of non-payment
Many customers order goods from an online store on account. For the merchant, this involves two main risks, depending on the orientation of the range of goods or services. On the one hand, there is the risk of non-payment. In the case of invoice, the merchant makes advance payment for the shipment of his goods. If a customer does not settle the invoice, the online store operator incurs costs and effort. For example, he has to send reminders for payment, which involves increased expense. The second risk is the high administrative overhead. If a customer orders several goods through invoice, possibly returns some of them, and only transfers the partial amount due, the merchant has an enormous amount of work to do in looking after this customer. The orders must be monitored, the data must be kept up to date, and the amounts transferred must be checked regularly.
Offer versatile payment methods in addition to online store invoicing
The Purchase on Invoice is a popular payment system among customers on the Internet. Customers also frequently order goods when credit card payment, direct debit or PayPal are specified as payment methods. Merchants often offer the payment options PayPal or payment in advance in particular. This is followed by credit card payment and invoice. In principle, operators of online stores offer very different payment methods to keep the rate of purchase cancellations low. In this way, customers have the convenient option of ordering through invoice, paying by PayPal or using a credit card to complete the order. Professional payment service providers can be commissioned to implement and manage different payment systems.
- Payment Processing
- Marketplace & Affiliates
- Automated Invoicing
- Membership & Subscriptions
- MOTO & Pay-by-link
- Instant Plugins