How Expanding Payment Options Attracts More Customers
The advantage of diverse payment options
You understand that every customer has unique preferences when it comes to payments. When you cater to their preferred payment methods, especially beyond cash, the likelihood of them spending with you increases.
That’s why versatile payment options is crucial to adapt to your customers’ diverse preferences.
With numerous ways to pay today, keeping track can be overwhelming. That’s why this helpful guide lists various payment methods, empowering you to confidently accept everything from digital wallets to in-person transactions.
Physical and Digital Wallets
Swipe, insert, tap, or scan a QR code—there’s a multitude of options for in-person payments! While some customers prefer their physical credit or debit cards, others choose wearables (like smartwatches) or digital wallets to scan QR codes. A few examples are below.
WeChat Pay
WeChat Pay is a prominent digital wallet within the social media app WeChat. With 1.3 billion+ users and usage among a large portion of Chinese shoppers, enabling WeChat Pay positions your business to access a vast new market.
Using a secure scan-and-go system, all your customer need is their phone, and you just require a Move 5000 terminal.
To complete a payment, your customer easily opens their digital wallet, scans the terminal-displayed QR code, and confirms the amount using PIN or facial recognition.
Alipay+
With Alipay+, international customers gain the confidence to pay in their local language and currency, eliminating cash and card requirements.
For payment or refund, customers simply access their digital wallet, scan the QR code on your terminal screen, and verify with a PIN or facial recognition.
As one of the largest globally integrated payment platforms, Alipay+ is linked with multiple wallets, 15 of which are available in Australia. Offering Alipay+ allows easy access to a vast pool of over 1.4 billion users. It’s as simple as a QR code scan on the terminal using their phone.
Real-Time Currency Conversion with Dynamic Currency Conversion
DCC provides your international customers with the choice to pay in their home currency, and transparency on exchange rates and fees without any extra processing costs for you.
By offering the option to shop in their local currency, customers feel secure purchasing goods at your checkout, leading to repeated patronage.
