Alternative Payment Methods

Alternative payment methods are purchasing options other than traditional debit and credit payments.

What Are Alternative Payment Methods?

Today's shoppers expect flexible, convenient payment options no matter where they shop. In response, many brands and retailers are providing alternative payment methods at the point of sale to enhance the customer experience and build loyalty. These alternative payment methods can include purchasing products with digital wallets, peer-to-peer payment apps, bank transfers, mobile payments, and more. Typically, the more payment methods a brand or retailer accepts, the better their conversion rates will be, as alternative methods give consumers the ability to choose the best method for them and help them avoid fees typically associated with traditional payment methods. Alternative payment methods can also bring an added layer of security during the purchase, as third-party systems facilitate the transaction and apply additional fraud-protection measures.

Digital Shelf Deep Dive

See Salsify in Action

Bring your team, tools, and data together to launch high-impact inbound marketing campaigns in less time.

Alternative Payment Methods

What Are Alternative Payment Methods?

Digital Shelf Deep Dive

Related Terms

See Salsify in Action