What electronic payment systems are in use around the world?
Answer by Liz O'Donnell:
In addition to the list of private companies offering global payment solutions, don't forget that many countries have their own highly efficient electronic payment systems as part of their banking systems. Electronic funds transfer or direct debit systems are highly common for ecommerce in Germany and to a lesser degree, Australia, to name two major countries. China and Japan also have their own dynamics.
PayPal is great as a single option and for many countries, it's fine as the only option. But if your goal is to go deep into a particular country, you'll often want to/have to incorporate a local payment method as well.