Payment Method

As of my last update in September 2021, Bangladesh had a growing e-commerce sector with various available payment methods to facilitate online transactions. It’s essential to note that the payment landscape can change rapidly, so it’s always a good idea to check for the latest information. Here are some of the commonly used payment methods for e-commerce websites in Bangladesh:

  1. Cash on Delivery (COD): Cash on Delivery is one of the most popular payment methods in Bangladesh. Customers place an order online and pay for it in cash when the product is delivered to their doorstep. COD is widely used because many people in Bangladesh still prefer cash transactions over online payments.
  2. Mobile Financial Services (MFS): Bangladesh has a significant number of mobile financial service users. Mobile banking services like bKash, Rocket, Nagad, and SureCash allow customers to pay for their online purchases using their mobile phone accounts. This method is convenient for customers who may not have access to traditional banking services but have a mobile phone.
  3. Credit/Debit Cards: As e-commerce continues to grow, more people are getting accustomed to using credit and debit cards for online transactions. Visa, MasterCard, American Express, and local bank-issued cards are commonly accepted on e-commerce websites.
  4. Bank Transfer: Customers can make payments directly from their bank accounts through online banking or bank transfers. This method is commonly used for larger transactions or when customers don’t want to use credit/debit cards.
  5. Online Payment Gateways: Several online payment gateways are integrated into e-commerce websites to facilitate secure online payments. Examples include SSLCOMMERZ, Payza, PayU, and more. These gateways accept payments from various sources, including credit cards, debit cards, and mobile financial services.

Remember that the availability of these payment methods may vary from one e-commerce website to another, depending on the website’s policies and partnerships with payment service providers. For any specific website, it’s best to check the available payment options during the checkout process.