What are alternative payment methods (APMs)?
Payment Methods
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Frequently asked questions
Find answers below to key questions asked about payment methods. Want to know more? Get in touch with one of our payment experts.
A digital payment method is also known as an electronic payment. It is the transfer of value from one payment account to another using a digital device.
Mobile phone and online bank transfers, mobile wallet payments, in-app payments, online payments (via a computer or a mobile phone), QR code payments, and every other electronic payment qualify as a digital payment.
To learn more about how digital payment methods can benefit your business, get in touch with one of our payment experts today.
Alternative payment methods – APMs for short – refer to any form of payment that isn’t cash or a major international credit card brand.
Domestic cards, cash-based vouchers, digital wallets – such as Apple Pay and Google Pay – or bank transfers, including iDEAL in the Netherlands, POLi in Australia and New Zealand, and Przelewy24 in Poland are all considered alternative payment methods.
View our blog "What are alternative payment methods?" to learn more.
Accepting local payment methods allows you to scale your business globally while staying highly localized. By giving your customer their preferred method of payment, you can increase transaction rates and reduce cart abandonment.
Contact our payment experts today and explore which payment methods are best suited for your business.
Already a customer? Check out our documentation page and integrate with a payment method now. Alternatively, contact your Customer Success Manager and explore payment method options.