Online Payment: The Ultimate Guide For Beginners

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Online Payment: The Ultimate Guide For Beginners

Online payment has become an essential part of our lives today, especially with the rise of e-commerce. It has made it painless for businesses to receive payments online and for customers to purchase without leaving their homes. Online payment gateways have numerous benefits, including convenience, security, and faster transactions. Strikingly is a leading platform that provides easy-to-use tools for creating websites and integrating payment gateways seamlessly. This guide will give an overview of online payment, its advantages and disadvantages, how to prepare for it, secure it, optimize it, comply with legal regulations, and ultimately receive payments online.

Why Online Payment Is Essential Today

In today's fast-paced world, where everything is moving towards digitalization, receiving payment online has become necessary. It saves time and exertion by eliminating the need to visit physical stores or banks to make payments. Online payment also helps businesses reach a wider audience as they can cater to customers worldwide.

Benefits Of Using Online Payment

Using online payment gateways has several advantages, such as:

  • Faster transactions
  • Increased convenience for customers
  • Improved cash flow management
  • Reduced transaction costs
  • Ability to accept multiple currencies

Strikingly's Role In Online Payment

Strikingly is a website builder that offers an integrated solution for receiving payments online through various payment gateways such as PayPal and Stripe. With Strikingly's easy-to-use tools, users can create professional-looking websites with built-in e-commerce functionality.

Online payment setup on Strikingly

Image taken from Strikingly


Understanding Online Payment

Online payment has become a common way of receiving payment online. It refers to paying for goods or services through the Internet. This section will explore the definition of online payment, types, advantages, and disadvantages.

Definition Of Online Payment

Online payment is a digital transaction that allows users to pay for products or services through the Internet using their credit card, debit card, or bank account. It eliminates the need for cash and provides a convenient way to make transactions anywhere globally.

Types Of Online Payment

There are numerous online payment methods available today, including:

  • Credit/debit cards. These are one of the most popular forms of online payments. Customers can enter their card details on a website to complete a transaction.
  • E-wallets. E-wallets are digital wallets that store a customer's credit card information and allow them to make payments without entering their card details every time.
  • Bank transfers. This method involves transferring funds directly from one bank account to another.
  • Cryptocurrencies. Cryptocurrencies like Bitcoin have gained popularity as an alternative form of online payment.

Advantages Of Online Payment

Online payments offer several benefits, including:

  • Convenience. Customers can make transactions from anywhere in the world at any time.
  • Speed. Online payments are processed instantly, eliminating delays associated with traditional forms of payment.
  • Security. Most online payment gateways use encryption technology to protect customer information and prevent fraud.
  • Cost-effective. Online payments eliminate costs associated with handling cash and cheques.

Disadvantages Of Online Payment

While there are many benefits associated with receiving payment online, there are also some disadvantages, including:

  • Security risks. Hackers may attempt to steal customer information through phishing scams or other means.
  • Transaction fees. Some payment gateways charge transaction fees that can add up over time.
  • Technical issues. Online payment systems may experience downtime or technical glitches, causing delays or other issues.
You may change your preferred currency when setting up Online payment on Strikingly

Image taken from Strikingly

Preparing For Online Payment

Online payment has turned out to be an essential part of any business today, and receiving payment online is no longer a mere option but a necessity. To get started with online payments, there are specific actions you should take to ensure that your payment process runs smoothly.

Creating A Bank Account

The first step in preparing for online payment is creating a bank account for your business. It will aid you in keeping track of your finances and ensure all your transactions are in order. Select a bank that offers online banking services to easily manage your account from anywhere.

Choosing A Payment Gateway

Once you have made your bank account ready, the next action is to pick a payment gateway. Payment gateways are service providers that process online payments on behalf of merchants. Many payment gateways are available today, each with features and pricing plans.

When choosing a payment gateway, consider the following factors:

  • Compatibility with your website platform
  • Transaction fees
  • Security features
  • Customer support

Take time to research different payment gateways before making a decision.

Integrating Payment Gateway With Your Website

After choosing the right payment gateway, the next step is to amalgamate it with your website. It involves adding code snippets or plugins to your website's checkout page so customers can make payments securely. Most payment gateways provide detailed integration guides and technical support to help merchants integrate their services smoothly.

Testing The Payment System

Before going live with your online payment system, it's crucial to test it exhaustively to ensure everything works as expected. Test transactions using real credit cards or test cards provided by the payment gateway. Ensure that all transaction details are recorded accurately and that customers receive confirmation emails after making payments.

Preparing for online payments involves creating a bank account, choosing the right payment gateway, integrating it with your website, and testing the payment system. You can ensure your customers can make payments securely and conveniently by following these mentioned steps.

You may accept online payment on Strikingly by integrating different platforms like Stripe & Paypal

Image taken from Strikingly

Online Payment Security

Online payment security is critical to receiving payment online. As more and more businesses go towards digital transactions, the need for secure online payment systems becomes increasingly important. This section will discuss the importance of online payment security, common online payment threats, preventive measures for online payment fraud, and best practices for online payment security.

Importance Of Online Payment Security

The importance of online payment security cannot be overstated. Customers who make payments online trust that their personal and financial particulars will be kept safe from cybercriminals. A data breach can have catastrophic consequences for businesses and their customers, including financial loss and damage to reputation.

Common Online Payment Threats

There are several common threats to online payment security that businesses should be aware of:

  • Phishing scams. Cybercriminals create fake websites or emails that look legitimate to trick users into revealing sensitive information. There are certain tricks to avoid phishing to protect your business.
  • Malware attacks. Malicious software can infect a user's computer or mobile device and steal information such as passwords or credit card numbers.
  • Man-in-the-middle attacks. Hackers intercept communication between a user's device and the website they are trying to access, allowing them to steal sensitive data.

Preventive Measures For Online Payment Fraud

To prevent online payment fraud, businesses should take the following measures:

  • Use a secure connection. Ensure your website uses HTTPS encryption to protect users' data during transmission.
  • Implement two-factor authentication. Require users to provide an additional form of identification before making a transaction.
  • Keep software up-to-date. Regularly update your website's software and plugins to patch any vulnerabilities.
  • Educate employees and customers. Train employees to identify potential threats and educate customers on how to protect themselves from scams.

Best Practices For Online Payment Security

In addition to preventive measures, businesses must follow certain best practices to ensure online payment security:

  • Use reputable payment gateways. Choose a payment gateway that is well-known and trusted in the industry.
  • Limit access to sensitive data. Only allow authorized personnel to access sensitive information such as credit card numbers.
  • Monitor transactions regularly. Monitor transactions for suspicious activity and investigate any anomalies immediately.
  • Have a response plan in place. In case of a data breach, have a plan to respond quickly and mitigate damage.

Businesses can help protect themselves and their customers from online payment fraud by following these mentioned best practices. Online payment security is crucial for businesses that receive online payments. By taking preventive measures and following best practices, businesses can help ensure the safety of their customer's financial information by understanding common threats. At Strikingly, we prioritize the security of our users' data and offer secure online payment gateways to help businesses confidently accept payments.

A strikingly client- Bondi Bandits accepting online payment on website

Image taken from a Strikingly user's website

Optimization For Online Payment

Online payment is a crucial aspect of modern-day business operations. It is essential to optimize the process to ensure customer satisfaction and increased revenue. Optimization for online payment involves various factors, including user experience design, speed optimization of payment processes, personalized payment experience, and continual testing and improvement.

User Experience Design

User experience design is vital in optimizing online payment. The design should be simple, intuitive, and easy to navigate for customers. A well-designed user interface can improve customer engagement and increase the likelihood of receiving payments online.

To optimize user experience design:

  • Use simple and easy-to-understand language.
  • Keep the navigation simple and intuitive.
  • Ensure that all important information is visible on the screen.
  • Use clear calls-to-action (CTAs) to guide users through the process.

Speed Optimization Of Payment Process

Speed optimization is another crucial factor in optimizing online payments. Slow loading times can lead to customer frustration and abandonment of transactions. Therefore, it's essential to ensure that your payment gateway loads quickly.

To optimize speed:

  • Use a reliable payment gateway with fast processing times.
  • Optimize images and other media on your website for faster loading speeds.
  • Reduce the steps required to complete a transaction.
  • Minimize distractions during the checkout process.

Personalized Payment Experience

Personalizing the payment experience can improve customer satisfaction by making them feel valued. Personalization can include customized messaging or offers based on previous purchase history or other data collected from customers.

To personalize the payment experience:

  • Collect customer data during registration or previous purchases.
  • Use this data to personalize messaging or offers during checkout.
  • Offer discounts or other incentives based on previous purchase history.

Continual Testing And Improvement

Continual testing and improvement are essential in optimizing online payments continually. Regularly testing your payment gateway can help identify issues and improve the overall payment experience for customers.

To continually test and improve:

  • Conduct regular testing to identify any issues with the payment gateway.
  • Use customer feedback to address any problems or concerns.
  • Make changes based on data collected from previous transactions.

Optimizing online payments requires a combination of factors, including user experience design, speed optimization of payment processes, personalized payment experience, and continual testing and improvement. Businesses can improve their online payment processes and increase revenue by focusing on these factors.

Legal And Regulatory Compliance

Online payment is a crucial aspect of e-commerce, but it also comes with legal and regulatory compliance requirements that businesses must adhere to. This section will explore the legal and regulatory compliance requirements for receiving payment online..

Overview Of Legal And Regulatory Compliance

Legal and regulatory compliance refers to the rules and regulations businesses must follow when conducting online transactions. Failure to meet these regulations can result in fines, lawsuits, or even criminal charges.

Payment Card Industry Data Security Standards (PCI DSS)

Payment Card Industry Data Security Standards (PCI DSS) is a set of security standards designed to ensure that all businesses accept, process, keep, or transmit credit card information maintain a secure environment. PCI DSS compliance is mandatory for all businesses that accept credit card payments online.

To comply with PCI DSS standards, businesses must:

  • Secure their network by using firewalls
  • Protect cardholder data by encrypting it
  • Regularly update their anti-virus software
  • Restrict access to cardholder data
  • Regularly monitor and test their networks

General Data Protection Regulation (GDPR)

The General Data Protection Regulation (GDPR) is a regulation in EU law on data protection and privacy for every individual within the European Union (EU) and the European Economic Area (EEA). It applies to every business that collects personal data from customers in the EU.

To comply with GDPR regulations, businesses must:

  • Obtain explicit consent from customers before collecting their personal data.
  • Protect customer data by implementing appropriate security measures.
  • Allow customers to access their personal data upon request.
  • Delete customer data upon request.

Tax Compliance For Online Payments

Tax compliance for online payments varies depending on the country where the business is registered. Businesses must comply with local tax laws when accepting payments online.

To comply with tax regulations, businesses must:

  • Register for a tax ID number.
  • Collect and remit sales tax on online transactions.
  • File regular tax returns with the appropriate authorities.

Legal and regulatory compliance is an essential aspect of receiving payment online. Businesses must comply with PCI DSS, GDPR, and local tax laws to avoid legal penalties and protect their customers' data. Companies can ensure they comply with all relevant regulations by partnering with a reliable payment gateway provider.


Online payment is becoming increasingly essential as we move towards a more digital world. The convenience and security it offers are unmatched, and businesses that haven't yet started receiving payments online are missing a lot of potential revenue.

The future of online payment is bright, with more and more people embracing its convenience. As technology advances, we can anticipate even more innovative payment solutions that make transactions even easier.

Strikingly plays a crucial role in enabling businesses to receive online payment seamlessly. With its easy-to-use platform and integration with multiple payment gateways, Strikingly has made it possible for businesses of all sizes to start accepting payments online quickly. If you haven't yet started receiving payments online, now is the time to do so! With the help of Strikingly's intuitive platform and reliable payment gateways, you can instantly start accepting payments from customers worldwide.

Remember that enabling customers to pay you online makes their lives easier and opens up new revenue streams for your business. What are you waiting for? Sign up with Strikingly today and start receiving payments online!