Consumers are making more online payments in 2019 than ever before, and mobile payments in particular are on the rise. According to PWC, the number of consumers making mobile purchases more than doubled from 2010 to 2017, rising from 7% of consumers to 17%.
When it comes to accepting payments online, it’s important to offer customers a variety of payment options. According to the 2016 Annual Billing Household Survey, customers use an average of 3.6 different payment methods each month for their bills.
Offering multiple billing and payment methods increases satisfaction by improving customer experience. In addition to creating convenient ways to accept payments, having more options can reduce the time it takes your business to get paid. Many merchants find they save time when accepting payments securely over their phone or through a payment schedule, that directly debits their customer’s bank account. Additionally, 46% of consumers surveyed by TSYS preferred to receive email communications about their transactions—making online platforms that manage cash flow attractive to merchants.
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#online_payment_app #online_payment_gateway #online_payment_bank #online_payment_kaise_karte_hain #online_payment_business #online_payment_bank_account #online_payment_by_net_banking