Advantages and Challenges of Accepting Online Payments

Advantages of Online Payments

Reaching global audiences

  • Merchant benefit: sales increases
Accepting online payments advantage — Global audience

Reduced costs for transactions

  • Merchant benefit: cost affordability

Payment security

Accepting Online Payments Benefit — Payment security
  • Merchant benefit: operational performance

Optimized customer journey

  • Merchant benefit: sales increase, enhanced UX

Payment method acceptance

Accepting online payments advantage — Payment Methods
  • Merchant benefit: sales increases

More marketing/distribution channels available

  • Merchant benefit: sales increases

More appealing to impulse buyers

  • Merchant benefit: sales increases

Recurring payments capabilities

Accepting online payments — Recurring payments
  • Merchant benefit: sales increases

Challenges of Online Payments

Technical problems

Challenge — Technical issues
  • Merchant risk: stalled business

The cost of fraud

Challenge — Fraud prevention
  • Merchant risk: increased costs

Conclusion

Go Beyond Payments Whitepaper

2Checkout (now Verifone) is the leading all-in-one monetization platform for global businesses built to help clients drive sales growth across channels.

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2Checkout (now Verifone)

2Checkout (now Verifone)

2Checkout (now Verifone) is the leading all-in-one monetization platform for global businesses built to help clients drive sales growth across channels.

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