Online payments have become increasingly popular in today’s world. Most importantly, with the onset of the pandemic, more and more people are choosing online payment options as they avoid the hazards of touching, often give amazing discounts and are very feasible with online shopping. So, an online payment is basically an electronic exchange of money which the buyer has to give to the seller while purchasing a good or a service. There are various ways to pay online but irrespective of the method, an allied bank account is mandatory. This bank account must have net-banking facilities. So, via this you can simply transfer money from your account to the seller’s bank account. The most common methods used in online payment are credit and debit cards. However, there are quite a few other options like direct bank transfers, a variety of e-wallets like PayPal and amazon pay, bitcoins and so on.

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