From Swipe to Transfer: Online Payment Must-Knows for Small Business

 Payments in Focus: Understanding the Basics

Online payments may look simple, but behind the scenes, they involve a complex network of systems working together. For small businesses, streamlining this process starts with understanding your options and choosing what fits your audience best.

 Cards, Wallets & Bank Transfers: What You Need to Know

• Card Payments remain the most widely used method, especially for traditional e-commerce.
• Digital Wallets are booming, especially among mobile-first users under 35. If your audience is young and tech-savvy, wallets like UPI and Paytm are a must.
• Bank Transfers have made a strong comeback, thanks to open banking and FinTech innovations. Tools like Direct Debit and Instant Bank Pay are now accessible to SMEs—not just large enterprises.

 Choosing the Right Mix

To fully benefit from bank payments, you’ll need a reliable payment provider. And when selecting your payment setup, consider how your customers interact with your site and what payment methods they prefer.

Understanding these fundamentals helps you build a payment system that’s fast, secure, and tailored to your business goals.