You don’t need to sell your goods via Amazon to make use of Amazon Pay. As Amazon users, they already trust Amazon’s ACH to take care of their confidential data. This means that sensitive financial information is kept in one place and does not have to be supplied again when purchasing online. All consumers have to do when purchasing via Amazon Pay is accept the Customer Agreement.Īpart from speed and convenience, this is a major boon for consumers with security concerns. ![]() Users receive payments by means of the retail giant’s API ( Application Program Interface) and payments are made via their ACH ( Automated Clearing House). Amazon Payīy means of Amazon Pay, consumers can use their Amazon account to pay for goods and services on participating third-party sites. ![]() One of these new online payment methods could be a better match for your growing business. The world of eCommerce is improving and diversifying quickly. These include pulse and voice recognition, finger vein scanners and keystroke detection. Pin codes and even fingerprint identification are in their death throes.Īs technology advances, improved tokenisation and biometric authorization methods are expected to replace them. Likewise, tablets and mobile phones are likely to be replaced as a means to pay the bills by wearable technology such as watches. Gone are the days when PayPal was the only option for online payments. The Most Popular New Payment Methods for 2017 There is no longer a question of whether you will have an online payment method in place, but rather which one to use. It makes sense to stay on top of new payment methods for your online business if you want it to survive in the ever-evolving world of eCommerce. Last year, $32 billion dollars changed hands over the internet. Research shows that Australia is a world-leader in the realm of online shopping, with 69% of consumers preferring to shop online. ![]() The days of the department store are numbered as eCommerce is re-defining the face of retail down under.
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