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"Credit cards have failed to gain a market share over 50% in Europe. There are a number of locally preferred payment methods that must be considered" stated Clark Chambers of Alternativepayments.com
LOS ANGELES, September 09, 2014 /24-7PressRelease/ -- This infographic recently released by payments processor AlternativePayments.com illustrates where credit cards are falling short and some of the variety of payment types.
There are 200+ payment methods used around the world. Also the infographic takes a brief look at SEPA, the mandate to unify banking transactions in all EU countries.The advantages of offering Alternative Payment methods may be lost in the credit card dominated US. This illustrates where e-commerce can benefit by offering the preferred payment types outside the US.
Europe overtook the US in 2010 to become the world's largest B2C marketplace. E-commerce businesses that wish to expand into this market are finding out that there are payment issues that must be considered. The Euro is the official currency of 18 of these states however there are a number of other countries who operate with the currency. Venturing into this market will require businesses to use payment options other than credit cards. "Credit cards have failed to gain market share over 50% in Europe with usage under 20% in a few countries. Instead there are a number of locally preferred payment methods. This infographic provides a review of European payment types" stated Clark Chambers, Business Development for Alternative Payments.
Particularly of note is the SEPA compliant payment option EuroDebit. This payment option is exclusive unique to Alternative Payments gateway. It provided a painless cross border e-commerce transactions. Under SEPA, all bank account holders in the Europe and number of other countries can pay US e-commerce businesses via EuroDebit.
Alternative Payments helps connect your business to the world. We offer global payment solutions that will help you unlock new marketplaces. Our products are built with an international consumer in mind. For more information please visit www.alternativepayments.com or contact us at (626) 773 7194.
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