How to choose online payment methods for your business?

November 3, 2020
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Just like your online business is growing and evolving, the payment landscape is in a constant state of flux. New payment methods entering the market are gaining momentum, so consumer preferences are changing with blazing speed. As a business, it’s your job to keep up with these changes and to offer your customers their preferred payment experiences. This is especially true when entering new markets, where you must introduce popular regional payment methods to compete.

But when you’re searching for the right payment methods for your business, you’re going to be delving into market data comparisons, legal information, and countless expert articles. After many hours of research, you might think: is there a simple way to set all your desired parameters, and find what you need easily and quickly?

Luckily, there’s a solution that can help you to save tons of hours and get a personalised payment method selection in just a few clicks.

How to get a list of payment methods relevant for your business?

Searching for online payment methods is easy with ECOMMPAY Shop. To get your list of recommended payment options, follow these steps:

1. Open the shop page.

ECOMMPAY Shop main selection interface

2. Choose the most appropriate industry from the list.

3. Choose your target regions.

4. Select the target countries.

Based on your previously chosen regions, you will be offered to choose the specific countries your business operates in. You can select a particular country or choose all by clicking the Select All button.

5. Choose the payment method category.

Select “Acquiring” if you would like to accept card payments from international card schemes like Visa, Mastercard, American Express, and MIR for example.

Select “Alternative Payment Methods” to get a list of suggested alternative payment methods such as Apple Pay, Trustly, Alipay, etc.

6. Choose the payment direction.

You can choose whether you want to accept payments, perform payouts, or both.

7. When you’re done, click Submit.

8. You will then see your personalised list of payment methods.

You can deselect any of the suggested methods to refine your search further, and even modify your search query to get new results.

9. If you are ready to proceed, click Confirm Selection.

10. Fill in the form to receive a tailored quote based on your selected payment methods.

The ECOMMPAY team will then be in touch with you swiftly, to provide more information and to help integrate your payment methods based on your business needs, if required.

Why leverage ECOMMPAY Shop?

No need to invest time. Get insights instantly.

Searching for the most relevant online payment methods based on the business type, region, target countries can be a time-consuming process. ECOMMPAY Shop accumulates tons of data for each payment method, such as eligible regions and countries, supported industries for each specific payment method, payment directions, etc.

Leverage expertise and get the relevant suggestions

You will get a list of suggested global and alternative payment methods for your unique use-case, based on thousands of variables. Why spend time researching the ever-changing market preferences and trends for each specific region or country when you could get this data in no time at all?

No need to connect different payment methods individually

After getting suggestions and refining your search based on your unique business case you’ll end up with a list of different payment methods. Connecting each method individually would be time-consuming and costly. However, by leveraging ECOMMPAY Shop you don’t need to worry about integration. Simply fill a short form to get in touch with our payment experts.

Is a particular solution missing from your list?

If you didn’t find a specific method that you were expecting in our catalogue, simply send us your requirements by filling in the contact form. Our payment experts will help you to expand to your desired region and connect your preferred payment systems and methods.

When you’re planning a change of payment methods, whether it’s adding new methods (or replacing irrelevant ones) research needs to be conducted in order to make the best possible decision. Luckily, there’s a tool that can make the whole process convenient, fast, and easy.

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