Popular methods of payment
In Qatar, 54% of the population makes online payments. The accessibility of payments through credit card is 45%. However, there are an e-check /ACH payments options available online. In ACH (Automated clearing house), the funds get transferred from the buyer’s account to retailer account without any paperwork. There is a pre-written or electronic approval from the customer to process the e-check into merchant’s account. And with the help of virtual terminal, the e-check is processed as an ACH clearing and the fund gets credited to the merchant processor. This kind of payment mode saves time and money as there are no interchange change fees involved like that of in credit card processing.