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

2018-07-16T14:04:11+00:00 June 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.

 

Click here to download

Written by
Garrett is passionate about keeping up to date with trends in cross border e-commerce. Garrett is one of the most tenured members of the Flow team and has deep expertise that touches all areas of cross border from pricing strategy to payments to taxes and duties to shipping and logistics. Whatever your cross border challenge, Garrett has seen it all before.