Convenient payment methods suitable for your needs  

Convenient payment methods suitable for your needs  

There are plenty of convenient payment methods that can be suitable for your needs. Let’s have a look at what some of them are. 

Credit Cards 

By far the most common form of online payments, Credit cards issuers are typically banks and credit unions.  

When submitting credit card payments to your gateway, it should take seconds to submit a payment and receive an answer. It might take longer depending on traffic, but it usually takes no longer for the transaction to complete. 

There are numerous tiers of credit cards, depending on the card brand. Each of these card types has different levels of benefits, starting from basic features like zero-liability to advanced features like 24/7 concierge services.  

The cost of accepting these various card types is different for merchants, and in a typical tiered (qualified, non-qualified, mid-qualified) merchant discount rate structure. A merchant agrees to pay more to accept the rewards cards than they would to accept a basic card. A customer is charged a fixed annual fee for the privilege of earning reward points. 


There’s no denying that when it comes to accepting and receiving payments, PayPal is the reigning online payment solution champion. Used by merchants, online customers, freelancers, and business owners. 

People tend to love PayPal for a variety of reasons such as there’s no setup fee charged. PayPal has also partnered with FNB to easily allow withdrawing or payments using their bank accounts. And also for non-FNB customers via the FNB Withdraw service. 

Debit cards 

They’re issued by the bank where the cardholder has an account, and non-banks cannot issue debit cards. The card’s funds are withdrawn directly from the bank account immediately via a PIN debit. 

Due to the funds being secured against actual bank account funds, the risk of non-payment by the cardholder is lower than that for credit cards. Therefore the cost of servicing debit cards is usually much lower for banks, though that doesn’t necessarily translate to lower card acceptance costs for the merchant. 

These types of cards require the electronic authorisation of every transaction and the debits are reflected in the user’s account immediately. The logos for each of these networks are located on the debit card.

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