Skip to main content
All CollectionsPayments
What’s the difference between Automated and Manual Payment methods?
What’s the difference between Automated and Manual Payment methods?

Know which type of payment method suits your business best!

C
Written by Cococart Support Team
Updated over a week ago

Offering a variety of payment methods can improve the customer experience and increase the likelihood of completing transactions, as it accommodates different customer preferences and access to various payment providers. Here in Cococart, we categorize them generally into 2 categories based on how the payments are authenticated and verified.

Automated Payments enable you to easily track and accept payments from your customers with the utmost convenience. We take care of the entire process, from verifying the payments your customers send to delivering the funds to you through a secure payout. Please note that there will be transaction fees associated with this service, as payments are processed through our trusted payment partners.

Manual Payments give you the freedom to let customers pay you directly by providing your account details. This method has no transaction fees and ensures that funds are available without any waiting time. However, it involves a manual verification process, where you confirm each payment and mark it as 'paid' upon receiving your customers' proof of payment.

Automated

Manual

Secured and verified payments

Immediate fund availability

Transaction Fees

Risky payments

Missed Payments

IMPORTANT REMINDER:

While manual payments give you more control, it's important to be diligent in verifying payments to ensure their legitimacy. This option is ideal for those who prefer a hands-on approach to their finances and don't mind the manual verification process.

Did this answer your question?