The Ultimate Guide to Off...

The Ultimate Guide to Offering Alternative E-Commerce Payment Methods

Aug 15, 2023
The Ultimate Guide to Offering Alternative E-Commerce Payment Methods
  • Nearly 1/3 of business owners of retail establishments claim that mobile payments have a major influence on boosting sales.

  • Approximately 8% of transactions are not completed because no acceptable form of payment is available.

  • Cryptocurrencies often offer cheaper transaction costs than credit cards and transactions performed with bitcoin are final which protects businesses from false chargebacks and fraudulent chargebacks.

Did you know that 56% of consumers are more likely to buy from merchants accepting cryptocurrency? 

In a world where e-commerce is on the rise, accepting digital payments has gone from being a key differentiator to table stakes for retailers across the globe. Traditional methods like credit cards and bank transfers are no longer the only options available, and shoppers are now turning to alternative payment methods (APMs) like PayPal and Bitcoin to complete their online transactions. 

What factors have led to this dramatic surge in the popularity of APMs in the retail sector? Why are they so crucial in the world of online trade? Who gains the most from the widespread adoption of these novel payment methods? Let's look into the impact APMs are having on the future of retail sector in this article.

What Are Alternative Payment Methods?

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