Online businesses of all sizes demand resolutions to their needs to work through the changing financial landscape that is occurring throughout the world. This calls for the competitive service provider to take extra steps to stay ahead of these changes. Payment solutions are the key when it comes to conducting business of any size in today’s market, and hence Advanced Payment Solutions are needed.
Although most service providers offer similar options, taking a step ahead and using local payment solutions is a valuable investment. Some examples of these are: For the vendor, who sells software online and is targeting customers in Germany, the preferred payment options to consider are giropay and Sofortueberweisung, which are a real-time bank transfer payment options with payment guarantee, and ELV – this is a direct debit payment option, in order to better serve its German consumers. Adding these payment options is a huge step in offering options that are extremely popular in that specific location and most frequently used.
Another example: A developer that wishes to sell games online with their main focus on customers being in Europe should consider the Carte Bleue which is currently one of the larger debit cards in use throughout France, the Carta SI is a very popular debit card in use in Italy, and of course the Dankort Card, this is a Danish debit card and the national credit card of Denmark. The addition of these payment methods is intended to make it easier for the vendors to expand their successful online transactions. Together with a flash based payment billing model that can be easily integrated in any game, social media, video streaming or software, allowing the end users to quickly and conveniently pay for their requested service.
With these payment solutions only the addition of SMS payments can top off the list of providing the more advanced payments system. SMS or mobile payments are a new and rapidly-adopting alternative payment method – especially in Asia and Europe. The SMS and mobile payment market is expected to reach more than $600B globally within a few years so the leading e-commerce service providers are taking advantage now. To stay competitive and to truly offer “Advanced Payment Solutions” the SMS and mobile payment solutions must be provided so the vendor can stay competitive. This type of mobile payment method, which is extremely prevalent and popular in Asia, provides all of the benefits as the “standard” payment methods but allows the vendor to keep pace with the ever changing e-commerce market. The leading e-commerce service provider prides themselves on offering flexibility and innovative features in their e-commerce solutions that are continually evolving and added to the solutions that they offer their clients.