Nowadays, credit card system is become popular for online transaction on the internet. However, we do realize that most people in some countries has not familiar with that system. Perhaps most of them only have debit cards that could not be processed in the credit card system. In the other side, we may consider them as our potential customer of our internet business. Therefore, we have to run another system of transaction in our website to capture such a market segment.
One old fashioned way but still a good way, I think, is running a transaction system enables direct bank transfer to your account. Let’s see the scenario. When people visit your website and choose some products, they will be directed to a shopping cart. After they finalize the product selection and give their mailing information, they should know your bank account to which they have to send the payment for the purchase. Next, they should transfer the payment (it could be via automatic teller machine, ATM) and then notify you via e-mail, phone, or web form. After that you would check your bank account via internet banking and mail the product to the given address.
continue reading…