Online Payment System in Indonesia

Online Payment system has become the highlight (breakthrough) in online system technology. Various methods are used to ensure user’s safety and convenience when doing online transaction. Today, we are able to choose from variety of online payment for our websites. This means that more online payment methods are available for E-commerce website that will help to make payment process fast and simple, thus making business transaction much more convenient.

There are various types of online payment systems in Indonesia, a few which is well known to the public are: NSIAPay, KlikBCA, PayPal, and Escrow Account. To start with, we will discuss NSIAPay, an Indonesian company that partner with Picmond Pte Ltd, an online payment system that offers the most competitive online credit card payments. To be able to use NSIAPay, you need to have an Internet Merchant Facility with one of their partner banks, such as BNI, Bank Mandiri, Bank Mega, etc.

The second online payment system that we will discuss is KlikBCA, an electronic banking system that provides you with a convenient way to perform banking transactions through a computer with internet connection. KlikBCA’s trading system is a fast and instant because the fund is directly transferred from customer’s bank account. However, without having an account in BCA, you will not be able to access and use KlickBCA online payment system. At present, Merchants who accept online payments via KlikBCA, include airlines businesses, tour / travel agents, retail and online gaming vouchers

The third one we will get into is PayPal. PayPal account can be maintained by adding funds from an electronic debit from a bank account or by a credit card(Visa, MasterCard and American Express). For those who live in Indonesia and are interested in using PayPal must first create an account with PayPal, and then PayPal will assign a PIN to their Bank Statement which must be input into their PayPal account. When PayPal received the money, it will be converted into USD, then at the time of withdrawal, PayPal will change it back into Rupiah. You will be responsible for the difference in currency exchange at the time of withdrawal. One of the online trading sites that use PayPal is eBay.

The last one we will discuss is Escrow Account (Joint Account). Escrow Account is an intermediary / third party to guarantee safety and convenience for your online transactions. The first process is to ensure that both buyer and seller agree to use Joint Account, after that the buyer is require to transfers fund to the Joint Account. Next, the seller will send the goods to the buyer. Lastly, when the buyer confirms that the goods have been received, the Joint Account will transfer the fund to the seller. Most escrow accounts have bank accounts on most popular banks such as BCA, Mandiri, BNI and Bank BRI. This long process is very safe and advantageous for both parties.

Here are some of the features of online payment methods available today:

NSIAPay

• Online payment that uses Credit Card
• Instant transaction
• Able to process  more than 20.000 transactions per hour
• Support major Banks in Indonesia
• Free online transaction statistic
• Fraud protection feature

KlikBCA

• Uses online transfer system, thus avoid credit card fees
• Instant transaction
• Secure User ID, PIN and KlikBCA Token
• User’s safety and privacy is guaranteed
• Able to perform multifunction  payments for credit card, internet, telephone, electricity, water and etc.
• Perform fund transfers between BCA or other domestic bank
• Show account information ( account balance, summary, etc)

PayPal

• Online payment that uses credit card
• Instant transaction
• Able to pay your invoice online
• Affordable and no monthly fees
• Ideal to be use for international transaction
• Except payment in 22 currency and from 190 countries all over the world

Escrow Account (Rekening Bersama)

• Transaction will be processed according to the procedure.
• Safety will be guaranteed by third party.
• Able to choose from a variety of bank accounts
• Sustainable business
• Funds inside the Joint Account are not for investment
• In case of fraud, funds that already been send will be refunded

To learn more about Online Payment System for your E-Commerce website, please contact Web Architect - Professional Web Design Company.