How to set up online payments for your business

Online payment processing enables businesses to accept digital transactions by securely sending customer payment details through a gateway and processor for bank verification, authorisation, and settlement into the merchant’s account. Providing multiple payment methods, currencies, and localized pricing can broaden customer reach, improve checkout convenience, and potentially increase conversions, particularly as consumer demand for digital and cross-border shopping grows. Setting up online payments generally involves selecting a payment service provider, completing business and Know Your Business verification, integrating a payment gateway into a website, and enabling options such as cards, bank transfers, digital wallets, and buy-now-pay-later services. Payment service providers typically offer broader tools than payment processors, including gateways, fraud prevention, and support for multiple methods, while payment links can provide a no-code way to collect payments. Airwallex promotes its platform as one option supporting payments from more than 130 countries through over 160 global and local methods, with integration choices ranging from payment links to embedded checkout tools and e-commerce plugins.

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