Payment Methods For Online Shopping In Nigeria – 3 Payment Methods For Online Shopping In Nigeria
Payment Methods For Online Shopping In Nigeria – 3 Payment Methods For Online Shopping In Nigeria
There are numerous payment methods for online shopping in Nigeria that you may not be aware of.
Yes, online shopping has become a new regular in society, but that doesn’t dispute the fact that there are more than one payment method for online shopping in Nigeria, which you have yet to explore.
Online shopping just got better, and so should your preferred payment method. Not knowing what some of these payment methods are should not be a problem for you; we will help out with that.
In this post, we will explore some of the payment methods available when shopping online.
Payment Methods For Online Shopping In Nigeria
I know most of you primarily rely on bank transfers as the only payment method for online shopping, but that changes today. I’ll walk you through the various payment methods for shopping online in Nigeria. They include the following:
- Bank Transfer
- Online (Card) Payment
- E-Wallet
Let’s talk about them.
1. Bank Transfer: Bank transfers are a really popular payment method in Nigeria. This payment option allows your customers to pay directly into your bank account after placing their orders. Bank transfers have also been made easier by banks – customers can easily transfer money via USSD code or internet banking.
2. Online (Card) Payment: Enterprises love this payment plan. This is because, unlike bank transfers, which require follow-up to confirm, this process is easier and can be completed in seconds.
But for this to work, you must have at least one online payment gateway integrated on your website. There’s nothing wrong with having more than one.
3. E-wallet: E-wallet isn’t so popular, but it is very useful for both customers and business owners. Customers who have e-wallets can have funds stored in their ‘account’ on your website.
The cost of any purchase is deducted whenever an order is placed. This is helpful for businesses for handling returns. Instead of sending the money back, you can simply credit the customer’s wallet, so they can use it when they next order.
Conclusion
You don’t have to wait to be disappointed by one online payment method to learn about the other payment method you could try out today.
Diversify your payment methods to reduce the chances of disappointment, especially when you heavily rely on your bank app.
In our next post, we’ll explore some of the Online payment gateways and how they work in Nigeria.