e-Businesses using OpenCart, Magento and OsCommerce can now easily address the demand for alternative payment methods and thus increase conversion rates.
Los Angeles, CA | Vilnius, Lithuania – Alternative Payments, the global leader in providing credit card alternatives and local payment options, has made available an OpenCart, Magento and OsCommerce extension. As a result of this initiative, merchants implementing the OpenCart, Magento and OsCommerce online shopping solution can now seamlessly integrate Alternative Payments into their checkout process.
The integration will provide merchants` customers with access to the most popular non-card payment options in the world, including Direct Debit (SEPA EuroDebit), Bank Transfers, eWallets, Local Cards, Prepaid Cards and Credit Transfers. Via this integration, OpenCart and Magento store owners now have more opportunities to monetize users from all over the world, convert international traffic, in the context of an increasing demand for alternative payments.
Changing the attitudes of card-centric consumers online is very difficult. The fact that consumers are already accustomed to using credit cards and the existence of already established networks of retailers who accept credit cards for payment online are undeniable advantages. Nevertheless, alternative payment methods are the answer to merchants’ quest for a mechanism to lower shopping cart abandonment rates, lower payment processing fees, and raise the appeal for online shopping to specific consumer demographics.
In spite of the availability of traditional payment choices (credit and debit cards) at checkout, alternative online payment platforms continue to gain a lot of market share, to the detriment of incumbent players. Lower costs for merchants and the ‘portability’ of online payments, which enables consumers to checkout with a single username or email without disclosing credit card details are only some of the factors which have contributed to the growth and popularity of these alternative options.
Alternative Payments understands the need to accept payments in whichever method online customers may request and the company remains the only provider focused entirely on increasing merchants’ reach by offering only the local payment methods to consumers and converting sales merchants would have missed out on by relying only on credit cards.
For detailed installation instructions please visit our Integrations page.
About Alternative Payments
Alternative Payments provides a global payment infrastructure to ensure e-commerce merchants can convert international web traffic into approved transactions. The core gateway handles cross border payments by streamlining a robust portfolio of global payments solutions into a single checkout flow. Alternative Payments is the exclusive provider of the direct debit solution EuroDebit®/SEPA, reaching over 520 million EU consumers. Merchants experience frictionless onboarding and quick access to the global online marketplace. For further information about Alternative Payments please visit alternativepayments.com or follow us on Twitter (@Alternative_Pay).