Merchants are required to contact with different banks and pay several hundred thousand dollars as the deposit in order to setup their own online payment gateway for the online shop years before. Therefore, only few online shop provide online payment gateway to their customers. Most online shop accepted online order but customers are required to settle the payment with traditional method.
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Paypal is now the most common and popular worldwide online payment platform. They do not charge any monthly fee or setup fee, but only the service charge based on the amount on the transaction. It supports more than 24 different currencies and it operates in 190 markets with over 223 million accounts. It is definitely the most efficient worldwide online payment platform.
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Alipay has the biggest market share in China. According to analyst research report, there had been more than 200 million registered users as of June 2010. The daily transaction through Alipay had been over 400 million Reminbi. In China, Alipay partners provide payment solutions for 800,000 Chinese businesses.
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After established an online payment system, your customers may shop and pay online easily and securely !
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