Uploaded on Feb 24, 2023
The lack of a credit card is no longer a barrier to purchase as retailers can now provide payment choices, such as consumer finance and BNPL lending. https://chargeafter.com
Sell online to Buyers who Do Not have Credit Cards
Sell online to Buyers who Do Not
have Credit Cards
Entrepreneurs are always seeking for methods to simplify the purchasing process
for their customers. The amount of clicks required to execute an online purchase
have been decreased. Through SEO, digital marketing, and social media, they
have improved the accessibility of their services. Additionally, by providing free
shipping and returns, they have simplified processes and decreased risk.
When it involves company owners wanting to make the purchasing process less
painful, virtually no effort is spared. However, there is still one significant obstacle
preventing hundreds of millions of potential customers from entering the global
consumer economy: they do not have a credit card.
Modern Payment Options
Many shop owners may significantly boost their online sales by simply providing
local and alternative payment options to attract non-card clients. Today, every
business' checkout channel can be dynamically customized via complex software
to offer the most pertinent payment alternatives without requiring any additional
technical work, ensuring that they never miss a transaction.
ChargeAfter always ensures that the merchants may maximize sales when it
comes to consumer finance and BNPL loans. Therefore, even if a customer
doesn't currently have a credit card, they can still make a purchase or apply for
POS financing online or in-person.
Alternatives to credit cards are rising in popularity worldwide. It is crucial for
shops to give customers a variety of options given the rapid development of
payment methods. However, among those who are qualified to receive one,
credit card solutions are losing favor as other alternatives appear in the distance.
There are a few contemporary alternatives to credit cards that can be used for
online purchases:
1. E-Wallets - The electronic wallet, often known as a digital wallet, enables
customers to store money on a pre-paid basis. Because of its quick and
secure service, it has gained popularity in recent years.
2. Prepaid Cards - Comparable to the e-wallet, however using prepaid funds
rather than money taken from a bank account like a debit card.
3. Mobile Payments - The customer might provide a seller with their bank
account information so that the seller can withdraw money right away. This
method works in the same way as writing a check, but it is more
contemporary and makes advantage of superior internet security protocols.
4. Buy Now Pay Later - The use of BNPL services has grown over the past
several years; they are comparable to credit cards in that they allow
consumers to make purchases with split payments and no interest charges
as long as they follow a pre-established payment schedule. One of the top
companies providing the greatest BNPL services to merchants is
ChargeAfter, which also provides branded white label BNPL services.
Due to their security and absence of additional costs, these new methods of
payment are advantageous to business owners. They avoid the disastrous effects
of arbitrary charge-backs, which afflict many businesses when accepting credit
card payments.
Your company can now grow into regions of the world that were previously
unthinkable thanks to modern payment and collection methods. Due to the
Internet, businesses are no longer restricted by their physical location, and
customers can shop with confidence knowing they have secure, hassle-free
payment choices.
Contact us
Charge After
Sales: 888.272.7228
[email protected]
https://chargeafter.com
Support: [email protected]
Comments