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Alternative Payment Methods

Alternative payment methods are basically more famous across the globe. Banking infrastructure is not that built-in in Africa which has assured mobile payments have created much faster inroads into updated markets. In China, mobile payments have been considered for 93% of in-store and eCommerce transactions in 2019.<br>In North and South America, credit card payments are still the prevalent mode of payment. However, digital wallets are expanding in popularity. Apple Pay, Google Pay, and Buy Now Pay Later platforms are driving changes in customer behavior.<br>

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Alternative Payment Methods

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  1. Webpays Email Id: Info@webpays.com

  2. What are Alternative Payment Methods and why do they matter? Alternative payment methods provide a track for customers to buy goods or services without standard payment methods like cash and major credit cards such as Visa and MasterCard. Alternative payment methods consist of prepaid cards, eWallets, bank transfers, and payment installment options (i.e. buy now, pay later). Now that technology is allowing eCommerce and saas businesses to deal online, more customers are preferring digital & mobile payments.

  3. Let us explore all types of Alternative Payment Methods 1. Digital wallets. Sometimes they are also known as eWallets. Digital wallets allow customers to fill their accounts with sufficient funds for future dealings. Mobile Payments. Mobile alternative payment methods authorize customers to upgrade their mobile apps with funds. Google pay and Apple pay are the most popular applications and permit customers to process online payments and QR code and SMS transactions. Bank Transfers. A bank transfer is a process where funds are directly sending from the customer’s bank to the merchant’s bank. 2. 3.

  4. How to integrate alternative payment methods into my online business? There are many ways to pay for transactions and linking them to your checkout experience can be a long and time-consuming process. What you have to do, will rely on which specific alternative payment method you are interested in. Our payment platform is easy to use and simple to integrate. So, you will have to open a merchant account with us and you can accept more than 26 of the most popular payment methods instantly. If you would like to discover how your business can get additional local payment methods, contact us at WebPays.

  5. Thank You

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