Should You Use Alternative Payment Methods by Default?

Alternative payment methods or APMs are payment options that are not the typical methods like cash and major credit cards such as VISA, American Express, MasterCard, and Discover. No matter what type of business you have, you may want to consider offering alternative payment options to your customers if you have not started yet.

Having more APMs will allow you to serve more customers. If you don’t accept their preferred payment method, the transaction will not push through, which means you lose a sale. In addition, new local payment methods emerge, and they grow the number of users over time. These users may get used to using those payment options and may not feel comfortable or confident using even the popular payment options like credit cards. Therefore, if you wish to serve international clients and more customers and grow your business, you should start using APMs. Below are different types of alternative payment options.

Direct debit

If you will be charging clients with recurring payments, direct debit is one of your alternative payment methods. For example, if you have a subscription-based service, your client may choose the cost to be direct debited from their bank. With this, they don’t have to worry about their repetitive payments as it will be done automatically.



Some of the most popular e-wallets are Neteller, PaySafe, and Trustly. Users add funds to these digital wallets to make online payments. For instance, users can enjoy their favourite slot games at and make a deposit using their e-wallets, order food, pay for services – in fact, pay for any product or service where the vendor accepts payments from digital wallets. So you may include this as an accepted payment method for your business, especially since more people are now using digital payment alternatives.

Real-time bank transfer

For one-time purchases or those that are not recurring monthly, customers may choose to transfer payment using their bank through real-time bank transfer services like Sofort and iDEAL. When customers check out purchases from the online store, they may select this payment method. The amount will be debited from the customer’s bank account, and you will receive the payment confirmation right away.


Instead of paying cash directly to the merchant, clients pay cash to a participating retail store or business. After purchasing an item, customers may get a code or reference number to take to the retail service provider that processes payments on behalf of the merchant. Once the payment is completed and the confirmation is sent to the merchant, the products will be shipped.

Buy now pay later

As the term suggests, customers purchase the product and pay the amount later. It could be a one-time fee or paid in smaller amounts for a certain period. The payment is directly debited from the bank account or credit card, and clients usually have a limit on how much they can owe.

To sum it up

The business world is continuously changing, and that includes the payment methods that customers use. Therefore, it’s best to adopt your clients’ alternative payment methods to serve them better and increase your sales.


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