Four Reasons Why Businesses Need Diverse Payment Methods

Accepting diverse payment methods opens up new waves of customers from around the world who have different ways to share their money with you.

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Corepay

Last updated on

December 29, 2024
Uncategorized

The technology explosion has made it possible for ecommerce merchants, media companies, and small business all over the world to accept more payment methods than just cash and a few select credit cards, like Visa and Master Card. There’s PayPal, Venmo, Cash, not to mention Apple Wallet, Google Wallet and other contactless payment methods. There are debit cards, American Express, Discover, and JCB (Japan Credit Bank), not to mention WeChat Pay and AliPay.

Companies that want to do business around the world need to accept payments from around the world. Accepting diverse payment methods opens up new waves of customers who have different ways to share their money with you.

According to a recent article in Forbes, online merchants of all kinds need to be flexible and adaptable so they can accept alternative payment methods, at least anything other than a regular credit card. The benefits to a company are incalculable (although if we really wanted to calculate, look at your new revenue streams coming from something other than a regular credit card).

But if you need other reasons to understand why you should accept new alternate forms of payment, here are a few that the Forbes article mentioned:

If you can accept several different payment methods, like this contactless payment reader, you can help many more customers.

Credit cards, debit cards, money transfer apps, and even international payment methods — Corepay can help you accept many different methods of payment, without a lot of jumping through hoops. To learn more, just visit our website or call us at (800) 408-0095.

Photo credit: HLundgaard (Wikimedia Commons, Creative Commons 3.0)

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