International Payment Preferences for the Top Global Markets: Get the Cheat Sheet

2019-01-07T14:31:33-03:00June 28th, 2018|Best Practices|

Many retailers and brands are familiar with the largest global ecommerce markets but may not have a firm grasp on each country’s payment preferences. Alternative payment methods are expected to not just overtake credit cards by 2020, but replace them altogether. VISA and Mastercard may still prove sufficient for domestic ecommerce business, but offering only traditional payment options in global ecommerce markets won’t win over local customers.

Enabling local payment options is a critical step toward increasing conversion and reducing friction at check out. To make it easier, the cross border ecommerce experts here at Flow have created a “cheat sheet” that breaks down the payment preferences for each of the top 12 global markets.

Any retailer or brand going global should keep this cheat sheet handy to know exactly how their new international consumers want (and expect) to be able to pay.

Global Payment Methods

 

Click here to download

Written by
Andrew is currently Senior Vice President, Product Management at Flow.io, an API driven SaaS platform for e-commerce merchants to sell and ship globally. Prior to Flow, Andrew held multiple executive technology, product and design leadership roles at Gilt Groupe, iHeartMedia, BaubleBar and Lot18. Formerly, Andrew spent time leading technology economic development in NYC under Mayor Bloomberg, cofounded multiple startups, and spent over half a decade as a management consultant advising Fortune 100 companies. Andrew graduated from Yale University with a BA in Economics.