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E-commerce vocabulary · Payments and Fraud Prevention

Payment method

Meaning in e-commerce, with examples

nounCore term

In e-commerce, payment method means: A way a customer can pay for an order, such as a credit or debit card, bank transfer, digital wallet or cash on delivery.

In Turkish: ödeme yöntemi, ödeme seçeneği

How it is used

Used at checkout and in strategy talks, especially when selling to new countries where people prefer different ways to pay. Stores offer, add or support payment methods; customers choose or save a payment method.

Example sentences

  1. Adding a local payment method doubled our sales in the Netherlands.

  2. Please choose a payment method to complete your order.

Common collocations

  • choose a payment method
  • add a payment method
  • preferred payment method
  • local payment methods
  • saved payment method
  • payment gatewayA service that securely sends a customer's card or other payment details from the online store to the banks and returns whether the payment is approved.
  • cash on deliveryA payment method in which the customer pays the courier in cash, or sometimes by card, when the parcel is delivered, instead of paying online.
  • digital walletAn app or service that stores a customer's card or account details securely, so they can pay online or in shops without typing their card number.
  • installmentOne of several smaller payments that together make up the full price, so the customer pays over a number of weeks or months instead of all at once.
  • buy now, pay laterA payment option offered by a financing provider that lets customers receive an order now and pay for it later or in a few smaller parts, often without interest if paid on time.

More terms: Payments and Fraud Prevention

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