What is an Alternative Payment Option?

Any form of payment other than a credit card would be considered an alternative payment method. ACH, Check21, Direct Debit for EU, SMS, mobile billing, Web900 Telephone Billing, Canadian Check Processing, gift cards just to name a few. 

While credit card companies research and develop new anti-fraud measurements, alternative payment solutions providers are cashing in on the demand. Merchants can convert as many as 20 percent more customers by offering them more payment types to choose from."You’re targeting different demographics now. Those that choose alternative payment methods are  people who may prefer not to use credit cards for the convenience of an alternative payment method for a single transaction.", or they may just not have any credit cards at all.

Talk to one of our experts and let FSME Consulting help you choose the right payment offerings to your customers.