Offering a choice of APMs at checkout is crucial for staying competitive and improving conversion rates, as payment preferences differ significantly by location and demographic.
Online - transactions processed directly through a bank or payment provider's online platform
Cash payment - customers generate a voucher or payment code and complete the transaction in cash at a designated location
Wallet - transactions are processed through a digital wallet, allowing customers to pay directly from stored funds or linked accounts
Payment flowDirect - customer completes the payment without leaving the merchant's website or app
Redirect - customer is redirected to a third-party site, such as a bank or payment service, to complete the payment
It is important to understand which payment methods are popular in local markets, know their country specifics and requirements to process smooth cross-border transactions and adapt to regional trends. Solidgate keeps expanding its range of popular APMs to support merchants reaching global markets.