Alternative Payment Processing
In today’s competitive marketplace it is absolutely essential to cover any aspects of payment options. While Credit Cards are a must for any website, they only cover about 40% of european customers. In Europe most people rely on their traditional payment systems and if a website does not offer payment options that european customers are comfortable with, they might lose on a ton of sales. It is important to have at least key markets such as the UK, Germany, Austria, Switzerland, France and Spain covered, just to name a few.
Alternative Payment Options:
Sofortüberweisung (DE) is a direct wire system that allows 17 mio german bank account holders to use their Internet banking portals. Chargeback free.
iDEAL (NL) is a direct debit payment method developed by Dutch Banks for the Netherlands. iDEAL transactions are swift, reliable and efficient.
Direct Debit (EU) allows that funds are instantly withdrawn from customer's bank accounts. Used by over 100 mio people in Europe.
Giropay (DE) debits funds instantly from the consumer's bank account. Merchant is guaranteed to receive their funds. Method is primarily used in Germany.
PaySafeCards are sold in over 230,000 locations in 16 countries across Europe. Funds for merchants are guaranteed. No chargebacks.
Teleingreso (ES) is a bank transfer solution allowing payments via 3,000 ATMs, 2,000 post offices and 300 retail outlets throughout Spain.
EPS (AT) is a service gateway offered by austrian banks to do online purchases. With EPS you get access to 2.5 million Austrian online banking customers.
Przelewy24 (PL) is a domestic Polish Internet service that ensures the transfer of funds for payments between customers and merchants.
UnionPay (CN) is a chinese debit card system and can only be used in the UnionPay network and other networks that have signed with UnionPay.
Inpay is a worldwide bank transfer system that guarantees funds to the merchant. Payments are registered instantly in 31 countries.
Postepay (IT) is a rechargeable prepaid card issued by the Italian Post that italian customers can use for online purchases.
Boleto Bancario (BR) is a brazilian method where a payment slip is issued which can be paid at ATMs, banks, supermarkets, stores and more.
One of the key advantages on most alternative payment solutions is that those options are bank transfers in different ways. That means that the chances of chargebacks are very minimal to none.
Feel free to send us a message or fill out our contact form if you would like more information or a consultation on which payment options might be benefitial for you and your target markets.