As a business owner, you are well aware that consumers have varied preferences. Now these preferences are not only in terms of products and services but also modes of payments. Not all your customers are willing to pay through credit cards.
Consumer payment preferences vary according to geographical locations, demography, a particular product or service they buy and so on. Understanding these preferences and providing the right solutions is what enables long-term growth, business expansion and customer satisfaction.
What are Alternative Payment Solutions?
Alternative methods to credit card payments are known as Alternative Payment Solutions. Credit Cards are not the only way to make online payments. Within E-commerce, there are a few hundred modes of payments. Offering Alternative Payment Solutions is the most effective way to target domestic markets around the world.
Types of Alternative Payment Solutions:
Bank Transfers: Customers can make payments in real-time using their internet banking function.
Mobile Payments: Mobile screens are replacing desktops rapidly. Customers prefer making quick payments by only providing their phone numbers. Mobile wallets are also becoming increasingly favorable with the availability of customized apps such as Apple Pay and Samsung Pay.
E-wallets: Extremely user-friendly, E-wallets are one of the most popular and fastest growing alternative payment solutions. PayPal is an extremely well-known and commonly used e-wallet.
Prepaid and Post-pay: With Prepaid, payments are made using a card or a voucher that the customers have already paid for.
Post-Pay option allows a customer to buy online and then pay for it later at an affiliated outlet.
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Apply for a merchant accountWhy choose International Bank Services (IBS) Alternative Payment Solutions in 2019:
Entering foreign markets and expanding globally is made possible with Alternative Payment Solutions.
Internationalbankservices.com (IBS) offers Alternative Payment Solutions for UK and Europe. With our Alternative Payment Solutions, cater to the customers unable to make payments via credit cards.
We understand the challenges of a global market and assist you in expanding your customer reach.
Contact InternationalBankServices.com today to know all about Alternative Payment Solutions for your business. Our targeted locations are - UK, London, Europe, Russia, Germany, France, Italy, Spain, Ukraine, Poland, Romania, Netherlands, Belgium, Greece, Sweden, Austria, Switzerland, Norway, Ireland.