- Are we really sure these will help in increasing sales?
- How will your payment options attract the untapped customers?
- How can these increase the online sales?
These alternate payment options thus, open up new markets and customers to which you can sell the products and/or services.
There are a lot of companies which offer vouchers. But, the best and popular ones are UKash and paysafesard.
sales outlets worldwide. When one buys a paysafecard they get a 16-digit PIN printout that the customer can enter at the online store which accepts it. No personal data or bank account details are required. To pay for larger amounts, up to $500, you can easily combine up to ten paysafecards.
Please note that Ukash charges 6.5% of sales while paysafecard charges 9.5%. Since people buy them at convenience stores, the cost is high. But, they provide you instant access to people who do not want to use cards as well as people who do not have cards.
Ukash is popular in Britain and they started to expand to South America also recently. paysafecard is very popular in Germany, Austria and the german speaking belt.
Since this is prepaid format, there are no issues of any chargebacks or fraud transactions.
The popular in eWallets are moneybookers.com and Neteller.
Moneybookers helps online business web sites accept credit and debit cards. For the most part, when you use Moneybookers, you are only able to accept credit and debit. It's a very basic payment gateway – a simple solution for many small businesses. Moneybookers processes payments in such a way as to help your customers feel secure, since they are not giving personal payment information to the seller.
Moneybookes help online businesses to get access over 100 payment options with one simple integration, all backed with fraud and chargeback protection. One of the main advantages to using a Moneybookers payment gateway is the lack of fees. There are no set up fees, nor are there monthly fees. Social Security Number and address verification checks are available at no cost. Many of these benefits are also available when you sign up for what is known as the "eBay accepted payment option." You can even accept international payments. The only fees charged are transaction fees, and those are based on your monthly sales.
NETeller as alternative payment options. NETeller is an online secure funds transfer service operator. With any action, there has to be a counteraction. That’s why, with the explosion in e-commerce, online purchases and gaming over the last few years, there has also been a major surge in the demand for secure online funds transfer services. NETeller has stayed ahead of its competitors through incredible service offerings, competitive rates and all-round good customer relations. This has led to NETeller becoming the top-of-mind online funds transfer service in a short time since it began operations in 1999. Online consumers can instantly move funds to and from any merchant site that is affiliated with NETeller.
Pay Cash at local store
You can conviniently as your customers to buy online and pay cash near a local store.
PayNearMe follows a simple 3-step process. After selecting an item online to purchase or a payment to make, customers:
Direct Bank Transfers
There are lot of options for direct bank transfer like www.envoyservices.com. They have already integrated lot of bank transfer gateways so it makes an ecommerce life easy.
Providing additional and alternative payment options can help in increasing the online sales by 15-20%. The important think is you are increasing the market and thus, the customer base.
I would love to hear your thoughts and feedback on this alternative payment options.