5 payment gateways optimising merchant checkouts in the UK
By Gloria Methri
With the holiday season around the corner, and consumers indicating they are changing their shopping habits, this is a critical time for merchants to reevaluate their checkout payment options.
A new payment trends study by Paysafe reveals that 62% of consumers in the UK are likely to abandon a purchase if faced with checkout complications. The study found that offering a broader range of payment options is vital for both large and small online businesses.
Despite the continued popularity of debit cards and credit cards for holiday shopping, the results showed a noticeable shift toward alternative payment methods (APMs). For instance, 48% of consumers favour digital wallets when shopping online during the holiday season, with 41% regularly using bank transfers and 25% embracing online cash payment solutions.
Merchants who offer multiple payment methods and a seamless checkout experience are more likely to create differentiation, cater to new audiences, and increase conversion rates.
Here are five payment platforms helping merchants grow sales through seamless online checkout:
Adyen Checkout is a fast, secure, developer-friendly way to accept payments anywhere, on any device. The same integration can be used for payments made with cards (including 3D Secure), mobile wallets, and local transaction methods such as iDEAL and Sofort.
BLIK enables customers to make e-commerce and retail payments, withdraw cash from ATMs, and send transfers to other customers using the system. The Polish Payment Standard (PSP) enables users to access the system using an app belonging to any of the participating banks and can have several apps on their phones that will work with BLIK.
BR-DGE is a global marketplace powering billions of transactions globally. Pushing the boundaries of payment technology, the company has built an independent payment orchestration platform, that is simple to integrate and easy to adopt, enabling merchants to build resilience, consolidate reporting, and innovate at speed.
GoCardless is a payment gateway that allows for direct debit payments to be automated electronically. Commerce GoCardless Client enables customers to check out and make Instant payments using open banking protocol, and/or create debit mandates for generating recurring payments. The big advantage of GoCardless is that it is generally cheaper than credit/debit card services.
Worldpay payment processing solutions allow businesses to take, make, and manage payments in-person and online from anywhere in the world. Worldpay solutions support approximately 225 markets in 146 countries and in nearly 135 local currencies and are offered by FIS, a leading provider of technology solutions for merchants, banks, and capital markets firms globally.
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December 08, 2023