By Fernanda Mathias
Technological advances have shown the different and new ways we can process payments nowadays.
Research shows how consumer behaviour has changed through the years, especially after the COVID-19 pandemic. The number of consumers making mobile purchases doubled from 2010 to 2017. In 2020, 45% of consumers used their smartphone for mobile shopping.
Offering alternative payment methods to customers helps to increase customer satisfaction and user experience. It also saves you and the customer time at the check-out on your website, contributing to increased sales and profitability.
Now it is possible to offer your customers various payment alternatives, despite being a high-risk business owner.
Start with the basics: choose a reliable payment gateway
A payment gateway will help you process online payments on your e-commerce platform. It is the first step towards accepting alternative payment methods. You need to start with the basics and offer your customers reliable and secure credit and debit card payment processing.
When you choose an experienced payment gateway, such as iPayTotal, you can process credit and debit card payments and accept alternative payment methods, following the latest payment trends and technological advancements.
Here are a few alternative payment methods you can add to your business in 2021 with iPayTotal:
Bitcoin as a payment method
Cryptocurrencies have had phenomenal growth over the years. Providing a new payment solution in a digital and secure way was a game-changer for businesses worldwide, especially when we think about Bitcoin.
At iPayTotal, you can process Bitcoin transactions and add a crypto exchange platform to offer customers a simple and more convenient way to process payments. We also provide pay-outs in Bitcoins. The moment your application is accepted, you can start receiving pay-outs in Bitcoin.
Mobile POS technology
Mobile Point-of-Sale (mPOS) technology has opened a new world of chances for merchants. Research shows that the number of mPOS payment users is expected to grow to 1.745 million by 2024.
Technology and smartphone development allowed payments to become more accessible and straightforward. The mPOS service enables the customer to send and receive money just by using their mobile phones.
Mobile POS helps merchants accelerate their check-out process, reduce queues and increase sales with more people using this type of service.
Eyes on the future with the right payment gateway
At iPayTotal, we have a clear perspective on the future of payment processing. We are always looking for new and secure ways to help merchants provide a better customer experience.
We offer the best solutions for high-risk merchants in need of alternative payment methods, and every tool your company requires to expand and grow.
Contact us today at iPayTotal and talk to our team of experts. We will be happy to provide you with a customised solution to suit your business needs.