Instruments for Getting Paid Online

When you conduct your business online, you will need various instruments for conducting sales online. You will also need instruments for getting paid online too.

Both the instruments for conducting sales and getting paid online are all that you need for collecting monies from your website visitors. Thereafter, you will need to use the services of e-currency exchangers to transfer the money to your local bank account where you are resident or domiciled.

On the other hand, if you operate a home based business in Nigeria and your target audience are Nigerians, you do not need to have the payment instruments that are described in detail on this page.

All you need is a sales page, an order form, an autoresponder and your bank details conspicuously displayed on your order page.

If the above applies to you, then you do not need the information that is discussed here. Simply ignore the rest of this page and click HERE to peruse the most recent articles on this site that may be of interest to you.

However, if you expect that as time goes on in the course of your online business you may have to engage in other business opportunities which will require you to accept foreign currency, then you may continue to read the rest of the page.

To this end, once you have successfully registered and hosted your website domain with the cheapest and most reliable reseller web host on the net, you should seriously consider setting up a payment collection system on your website without delay - preferably within the first three months of setting up your website.

Popular Instruments for Getting Paid Online

The need for payment instruments on the internet has arisen as a result of the lack of a globally accepted uniform currency for conducting business transactions worldwide.

Consequently, some of the most commonest instruments for getting paid online are credit cards and other e-currencies. Shopping carts are also another means of getting paid online.

Credit Cards

Credit cards are payment instruments for conducting business transactions and getting paid online. They are available for use by everyone wishing to easily make and receive payments online.

Credit cards come in various forms. Some are physical plastic cards, while the majority are virtual cards - that is, electronic cards that are not printed on physical plastic cards.

Whether physical or virtual, credit cards are very important payment instruments for conducting business online. The most popular credit cards in use today are the MasterCard and Visa Card.

An example of a MasterCard is the Payoneer MasterCard.

Payoneer MasterCard

The Payoneer MasterCard is a type of credit card that is used for making and receiving payments for online transactions. Card owners can also transfer funds with other card owners.

The Payoneer MasterCard is not tied to any bank account and only interested persons who are not resident in the United States may apply directly for the card.

However, for interested persons who are resident in the United States, they would need to apply through one of their affiliated partners (merchants). In the recent past, this restriction applied to everyone, irrespective of their countries of residence.

If you are living within the United States and are interested in obtaining the Payoneer MasterCard, you may apply for the card through either, or, their accredited partners. But, take note that you cannot fund the card directly until you have received the payments of some proceeds of those partner sites through your MasterCard.

Aside from those partners mentioned above, Payoneer has lots of other partners through which you can apply for the card. The card is usually free of charge and it will be delivered straight to your home / local address which you indicate when filling their registration form.

According to Payoneer, the mastercard has a lot of benefits to the card holder. These are as follows:

  • You get paid with the US payment service: A US account and routing number linked to your card will allow you to receive US ACH/Direct Deposit transfers from select US corporations, including PayPal, Amazon, Apple and more!
  • Receive payments from any of their partners: Simply sign in to your online account with the partner and select Payoneer as your payment method.
  • Anyone can load your card: With the international prepaid debit card you can receive private loads from anyone worldwide via Visa/MasterCard.

Other benefits include:

  • Payments available in minutes
  • No bank account is required
  • Use in stores, online or ATMs that accept MasterCard

Should you have need to make use of the Payoneer MasterCard and do not know how to proceed with it, we can be of help. Click HERE to get help.

Visa Card

Visa Card is another payment instrument that is used by people around the world for making and receiving payments online.

Visa cards offer convenience and reliability just like its contemporary, the MasterCard. Visa cards are used to pay for purchases in more than 170 countries, as well as at Internet merchants' websites.

UBA AfriCard

The exclusion of Nigeria and other non-European countries from the use of PayPal service has created a major limitation and hindrance for legitimate and genuine online business owners in those countries.

Consequently, internet marketers who are resident in Nigeria and other excluded countries are unable to harness the limitless opportunities and potentials that are available on the worldwide web. This is because PayPal is the most popular method of accepting payments online recognised across the globe.

Hence, any reliable alternative is welcomed by the internet community in Nigeria and other excluded countries.

That is why the UBA AfriCard comes as a welcome relief to all serious Nigerians doing business online. It is Visa card and is not tied to any bank account and you do not need to have an account with the bank in order to qualify for the card.

If you are an internet marketer doing business online in Nigeria who is looking for a ready-made alternative to PayPal, then the UBA AfriCard is for you. Consequently, you can walk into any branch of UBA and request to be issued the AfriCard. All you need to get the card is your National ID card or driver's licence, your official ID card and your most recent utility bill.


According to standard definition, e-currency is "precious metal-backed Internet currency". Typically, this involves the use of computer networks, the internet and digital stored value systems.

e-currencies is also known as electronic money, e-money, electronic cash, electronic currency, digital money, digital cash, digital currency, cyber currency. Electronic funds transfer (EFT), direct deposit, digital gold currency and virtual currency are all examples of e-currencies.

e-currencies, like credit cards, are another popular instruments for conducting payment online across the internet community. e-currencies has similar advantage to virtual credit cards because no physical card is used for conducting transactions on them.

While the records of e-currency companies may be obtainable by court order, and all transactions involving $10,000 or more in cash must be reported, some economists and Secret Service officials have expressed concern about the potential for money laundering using e-currency channels.

A number of e-currency systems use contactless payment transfer in order to facilitate easy payment and give the payee more confidence in not letting go of their electronic wallet during the transaction.

There are numbers of electronic currencies available for personal or business use on the Internet. And each of them competes with the others on the concepts of different options (loading the account and withdraw from it). Most of electronic currencies convert easily from, and to, and most of them have National currencies background.

Electronic Currency is simply the best form of doing business worldwide, with their instant payments over the Internet. Examples of e-currencies are: Alert Pay (now Payza), Perfect Money, Solid Trust Pay, etc.

e-currency has been widely used by perpetrators of pyramid scams. Swindlers demand payment in e-currency because, unlike with checks or credits cards, the charges clear instantly and cannot be cancelled. Experts estimate that about half of e-currency transactions are related to scams or online games.

The most popular e-currency service is e-gold.

Integrated Payment Systems

Integrated payment systems incorporating the use of shopping carts and billing systems are an important method of making and receiving payments online.

Here is how the integrated payment system works. When customers lands on your sales page and fills your order form, the shopping cart collects the information and passes it on to the payment processor for your website.

Thereafter, customers can subsequently settle their order by various instruments for collecting money that are available online.

For instance, one of the instruments for getting paid online is PayPal. It is a popular method for making and receiving payments online across the globe.

Many people accept money on their websites through PayPal. If you integrate PayPal shopping cart into your order page, the payment processor charges the customer's credit card and transfers the money to your PayPal account.

Additionally, customers can easily pay directly from their verified PayPal Accounts, if they have one.

Once the customer has ordered the product, their information is passed on through the shopping cart to the payment processor. The shopping cart, in this case PayPal, then charges a percentage fee for each transaction.

While PayPal is a ready-made solution for making and receiving payments online, it is not everyone that can readily have a PayPal Account due to its limitations and the exclusion of some countries from the program.

While PayPal is a ready-made solution for making and receiving payments online, it is not everyone that can readily have a PayPal Account due to its limitations and the exclusion of some countries from the program.

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