Payment Modes Print

  PAYPAL 

PayPal is a global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders.

PayPal is an acquirer, performing payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee. It may also charge a fee for receiving money, proportional to the amount received. The fees depend on the currency used, the payment option used, the country of the sender, the country of the recipient, the amount sent, and the recipient's account type.

BANKWIRE TRANSFER

Wire Transfer is one of the easiest offline modes of sending money globally. IDBI Bank has a vast network of correspondent banks through which money can be credited to any bank account in India.No matter where you are in the world, just issue Wire Transfer instructions to your local bank any money can be credited to any IDBI in India within 1-2 days.

Benefits:

• Super convenient offline mode – all you need to do is issue International Wire Transfer instructions to your local bank.
• Quick – Amount transferred to beneficiary account within 24 hours of IDBI receiving funds in its account held with the correspondent bank.

UNIONPAY

UnionPay (also known as China UnionPay, CUP or UPI) is the world’s biggest card network with more than 6 billion cards issued. It is widely used by Chinese shoppers internationally as well as domestically.

Benefits include:

• Accept UnionPay debit and credit cards online, in-store, and in-app.
• Acceptance is in more than 125 markets.
• Access to Chinese shoppers at home and abroad.
• Offer ExpressPay, SecurePay, or SecurePlus depending on your needs.
• The ability to authenticate your shopper.
• Support UnionPay debit and credit cards on a fully certified EMV point of sale terminal.

IDEAL

The iDEAL is an e-commerce payment system used in the Netherlands, based on online banking. Introduced in 2005, this payment method allows customers to buy on the Internet using direct online transfers from their bank account.

Alipay is a third-party mobile and online payment platform, established in Hangzhou, China in February 2004 by Alibaba Group and its founder Jack Ma. In 2015, Alipay moved its headquarters to Pudong, Shanghai, although its parent company Ant Financial remains Hangzhou-based.

Alipay overtook PayPal as the world's largest mobile payment platform in 2013. In the fourth quarter of 2016, Alipay had a 54% share of China's US$5.5 trillion mobile payment market, by far the largest in the world, although its share fell from 71% in 2015 as its rival Tencent's WeChat Pay was rapidly catching up.

GIROPAY

Giropay is an Internet payment System in Germany, based on online banking. Introduced in February 2006, this payment method allows customers to buy securely on the Internet using direct online transfers from their bank account.