In a recent blog post, we talked about the increasing popularity of alternate payment options like Bill Me Later and eBillMe. There’s growing evidence that such payment options are more important than ever.
A December survey by Synergistics Research Corp. shows that one in six consumers had been denied credit in the previous three months. More buyers who have credit available are simply choosing not to use it.
Studies show that offering multiple payment options pay off. One survey by CyberSource Corp. showed that consumers complete purchases 14% more often when a retailer offers three or more types of payment instead of one or two. Is it time for you to look into alternative payment systems?