Due to the sensitive nature of making online purchases, if card holders are concerned about supplying their credit details over the internet, sales will fail to convert to payments and revenue will be lost. It is therefore crucial that alternative payment options be available in addition to just credit card payment options. These alternative payment methods will increase your organization’s conversion and retention rates. AlgoCharge offers your company wide-ranging alternative payment methods with excellent rates and short settlement times.
AlgoCharge presents a complete alternate solution that takes customer satisfaction to its next level:
On and offline bank transfers
Instant execution alternative payment methods (e-wallets, prepaid cards, vouchers)
Customers choose the bank transfer option on your payments page and select their country of residence. Customers are presented with a list of alternative payment methods and local bank accounts associated with their specific country. After customers complete the payment process, their funds are sent to AlgoCharge. The funds are received and you are notified of the successful transaction. The process to transfer funds via customers local bank accounts is a safe and cost effective alternative to processing payments with a credit card. This option avoids chargebacks ( read more about friendly and chargeback frauds here) and increases your company’s conversion rates and profits. This method is also beneficial for customers who need to transfer large sums. Ask about our same day bank transfer service! In summary, we supply your organization with the very best payment services to ensure that your customers have a positive experience. Our many payment methods will increase your revenue, ensure customer retention and build validity among your target audience.