We live in a fast-paced environment. Everyone’s busy and has no time to prepare their food. With food delivery services, life becomes more accessible for people who love instant access to good food.
Food delivery businesses can make people’s lives easier by allowing them to enjoy their favorite meals at home, office, or anywhere. With just a few taps, they can place their order and get it delivered to their mentioned location.
The main advantage of food delivery businesses is that they offer several payment methods to their customers, such as cash on delivery, credit/debit cards, digital wallets, and more.
60% of consumers order takeout or delivery in the USA at least once a week.
The online food industry is estimated to have seen $82 billion in gross revenue bookings in 2018. It is expected to double by 2025.
The food industry is competitive, and many ways are required to get an edge over competitors. One way to attract and retain more customers is by providing them the convenience of paying their bills online. By providing more payment methods, restaurants can increase sales and expand their reach.
If you want to know more about what food delivery payment methods are used, their benefits, and more, then you’re at the right place. We will discuss different types of online payment methods that help you choose the one according to your customer needs.
Types of Online Payment Methods
Here are some common types of food delivery payment methods.
Cash on Delivery (COD)
Cash on delivery is a traditional food delivery payment method. With COD, customers can easily pay the rider when receiving their order. It makes you feel comfortable, but both need the right amount of money.
The main purpose of food delivery cash payments is to:
- Help customers pay at the time of delivery
- Reduce the risk of fraudulent
- Provide convenience to customers
- Build trust between customers and restaurants
Moreover, the fast food delivery cash payment is still used by DoorDash, UberEats, EatSteet, Grubhub, and Seamless.
Credit/debit cards are the most commonly used food delivery payment method. Many food delivery apps accept this method and provide a seamless experience to customers.
With this online payment for food delivery, customers can save their card details and use them for future orders. Security features, like two-factor authentication, enhance the safety of transactions.
The major advantages of using credit/debit cards are:
- Ease of use
- Globally accepted
- Save you from fraud
- You have a detailed record of your transactions
- Support contactless payments
For food and beverage ordering, use digital wallets to pay the bill. Customers can order easily and securely without carrying a lot of cash. This online payment for food delivery is faster and cheaper than the traditional methods.
With digital wallets, businesses can streamline their operations and access customer data (with their permission) that can be used to create better personalized and targeted marketing campaigns. This method allows food business owners to improve their operations and enhance customer experience.
Further, with this food delivery method, customers can make payments via Samsung Pay, Apply Pay, and Google Pay. These services use tokenization and encryption to save customer data.
Want to add this payment method to your food delivery app? Book a free demo with us.
Internet banking is one of the common types of online payment methods that most restaurants allow customers to pay directly from their bank accounts. This method provides convenience; users can easily and seamlessly track their payments.
Online ordering payment methods help restaurants to get more online sales and expand their reach.
Contactless Payment Systems
With NFC (Near Filed Communication) technology allow contactless payments. Customers simply tap their cards or smartphones and pay the payment. This method is popular due to its uniqueness and minimal physical contact.
Contactless ordering and payments for restaurants improve the guest experience and, most importantly, make more money. With this food delivery method, restaurants get 100% customer satisfaction. Businesses that provide this method can gain more revenue.
Additionally, with this method, customers don’t have to wait in long lines at the counter to hand over cash. The QR code payment is expected to grow to 240% between 2020 and 2025.
Some food delivery companies accept crypto payments. With this latest food delivery payment method, restaurants can gain a competitive edge in the food delivery industry. Restaurants can cut down third-party involvement and expensive costs by offering crypto payments.
It is another food and beverage payment gateway method used in restaurants, coffee shops, and bars where a waitstaff brings a table tablet to customers for payment. From the table, customers may order food, share bills, and give immediate comments. It gives your guests a wonderful customized experience.
Supercharge your deliveries with Enatega.
Benefits of Online Payment For Food Delivery Businesses
Here are a few benefits of online payment for food delivery businesses.
Online payments are a secure method to protect customers and restaurant owners from fraud. These are secure due to technology like tokenization, encryption, and SSL (Secure Sockets Layer). Use innovative technologies to privatize all sensitive data.
The common issue faced by businesses is fraud. With payment gateway software, businesses can save them from fraudulent activities. Use encryption techniques to protect customer-sensitive information such as credit card details.
Reach a Wider Audience
Now, 82% of people in the USA use online payments. Providing convenient ways for customers to pay for their food online is a great way to expand your reach.
Refrain from putting yourself in a difficult situation by merely taking cash. You’ll reach a new market when you allow customers inside your eateries who prefer to pay online.
Easy and Quick Set up
If you provide online payment in your online food ordering platform, simplify the whole process, and paying online takes a few minutes.
If you want to add multiple online payment methods to your online ordering system, contact Enatega.
Stay Ahead of the Competition
It is a great opportunity to stay ahead of the competition and make your restaurant available for the customers. With a growing demand for faster and more convenient ways to order, restaurants should invest in the latest ordering technology.
Supercharge your deliveries with Enatega.
Frequently Asked Questions
- What is the mode of payment in Foodpanda?
Foodpanda offers multiple payment options, such as:
- Online banking
- Cash on delivery
- credit/debit cards
- How do you use cash on delivery?
The customers do not make payments while ordering their food, but they make payments when they receive their order.
- Which food delivery services don’t accept cash?
Below is a list of food delivery services that don’t accept cash.
- Bite Squad