Alternative payment methods are shaping the future. Since the wide acceptance of the online shopping, buyers and sellers have always looked for efficient and safe payment methods. Alternative payment methods gives you just that. Therefore, with this method you can ensure your customer can pay for your products and services on the go.
People have become extensively busy these days. So, older methods of paying with cards while being present physical are not remaining relevant. Hence, the payment methods have adopted various ways through which people can make payments from home. Furthermore, the methods have been made much easier with mobile payment systems.
What are alternative payment methods
Alternative payment methods are an alternate solution to making payments other than your credit card. The alternative systems include debit cards, charge cards, prepaid cards, direct debit, bank transfers, digital wallets, phone and mobile payments, checks, money orders and cash payments. Also, introduction of such methods are more effective when the payments are made for e-commerce.
Hence, whatever your products and services may be, you will require these new methods. To cope up with the world and to make your business grow. You have to move along with the industry to keep your business relevant.
PurePay helps you with you alternative payment methods processing so that you can focus on your business. We take all the trouble of the processing. So, now you can go out and focus on growing rather than just managing your payments!
How do I get alternative payment methods?
PurePay provides alternative payment methods merchant accounts for e-commerce merchants with the best terms on the market and we ensure you get a bank specializing and understanding high risk industries like alternative payment methodsprocessing. Call us today if interested in getting alternative payment methodsmerchant accounts at + 00 44 20 80 89 83 35, or simply click the links below to get started.
PurePay’s solution is available for e-commerce businesses, offline businesses and more.
What Costs are associated with alternative payment methods merchant accounts
Fees that PurePay will
charge depends factors like: Processing history, method of sales, Countries,
Volume of sales, and products. All merchant accounts are unique but included
terms stays the same for most:
Merchant discount rate
- Transaction fees
- Monthly statement fee
- Monthly gateway fee
- Four and a Half – Six-month rolling reserve (Depending on bank)
- Chargeback fee
- Refund fee
Why is alternative payment methods processing defined as high risk?
Payment that involve systems like mobile payment and digital wallets can be risky. These forms of payments are increases the chances of identity theft. Even, when a payment is made through debit card, risks are high. Mostly because, the verification stages are low.
Paying by credit card helps you provide pins that can save you from fraud. But for debit card or mobile banking that may not be the case always. Imagine, your customer losing their card or phone and someone is making payments before they could ask their bank to stop transactions! Therefore, a merchant needs to be very cautious while processing alternative payment methods.
PurePay as your partner
Now that you have a clear understanding of not only what alternative payment methods processing is and why it is a high-risk industry, you now understand why PurePay is your best choice to help you. We understand your needs and business like no other and we will work 24/7 for you and to get you the best terms. So, avail our services now. And if you are a high-risk merchant and require alternative payment methods processing, join us now!
So get in touch with us today!