![]() ![]() Processing an eWallet transaction costs the same as a credit or debit card transaction, so don’t let this misconception stop you from giving your customers what they want. 163.6 million mobile payment users in Asia/Pacific.And what about the rest of the world? The global eWallet market is forecasted to reach approximately $2.1 billion by 2023. that same year added up to more than $45 billion. In fact, research shows that mobile wallet transactions in the U.S. The 446 million people who used an eWallet in 2016 would say otherwise. ![]() Check out the infographic below (or view it as a PDF here) about the seven most common misconceptions, and then continue reading to get a more detailed explanation of each misconception.ħ Lies (& Truths!) About eWallets 1. Unfortunately, there’s a lot of misinformation circulating about eWallets, some of which may be holding you back from using them. So implementing an eWallet should be a priority if you’re looking for ways to grow sales. They also have underlying security technology that can help dramatically reduce fraud. They speed up the checkout process because customers don’t have to type in lengthy billing or shipping information. By definition, eWallets-Apple Pay, Google Pay, Visa Checkout, and others-make mobile payments a faster, better experience. ![]() The best way to improve your mobile checkout experience is to offer eWallets (also called digital wallets) as a payment choice. Thinking logically, it seems like the implications of improving your mobile checkout experience could be huge, right? It’s not rocket science: A great mobile checkout experience translates to greater sales-period. Too-small screens, too many form fields, and too many interruptions (hang on, I’ve gotta take this selfie…). Did you know that more than half of all eCommerce traffic originates on a mobile device? It’s also true that one of today’s strongest eCommerce trends is the acquisition of customers through digital platforms like Facebook and Instagram-which the majority of users are accessing via phone.īut here’s another fact that flies in the face of those trends: Mobile has a higher average shopping cart abandonment rate (85.65%) than desktops and tablets.įrom these facts it’s not such a leap to conclude what most of us already know: The traditional mobile checkout experience has so much friction that it’s driving customers away. For more information contact us at (626) 773 7194 or at. By consolidating all currencies, countries, and languages into one button, Alternative Payments makes it easy for your business to accept payments on a global scale. Not everyone uses a credit card when shopping online. Merchants do not have to register individually for each payment service option, as they are all conveniently provided through one solution.Īlternative Payments now provides this payment method as part of their service offering to merchants worldwide, which automatically includes customer support, currency conversion and comprehensive reporting.Īlternative Payment Solutions means more sales and increased revenue as a compliment to your current credit card processing. Simplicity and favorable payment conditions have made the QIWI Wallet one of the most popular Russian online payment system and with more than 143 million Russian consumers, QIWI is guaranteed to convert more sales!Īlternative Payments merchants will not only benefit from this payment method but also have the ability to target new markets through Alternative Payments's unique 1-Button feature, which currently provides a large selection of alternative payment solutions. The system allows customers to quickly and conveniently make payments online for utilities, mobile phone bills, shopping purchases, internet services and much more. The QIWI Wallet electronic payment system was launched at the end of 2007. The transaction will immediately be carried out, transferring money from the customer's QIWI Wallet to the store. To make a payment, all a consumer has to do is select QIWI as the payment option on the merchant's website. PASADENA, CA, Octo/24-7PressRelease/ - QIWI is Russia's most popular and convenient online payment method. ![]()
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