Alternative Payment Methods (APMs)

Alternative Payment Methods are ways of making payments that are not standard credit or debit card transactions.

APMs are typically localized and can vary greatly by country, region, and consumer preference. They can include bank transfers, e-wallets, mobile payments, prepaid cards, direct debit, post-pay, and even digital currencies like Bitcoin.

Many consumers appreciate the added flexibility, convenience, and security offered by these alternative methods. For merchants, offering APMs can lead to higher conversion rates, particularly in regions or among demographic groups that prefer these methods.

However, implementing APMs can also bring challenges. These can include dealing with a complex array of local regulations, processing costs, and technical integration requirements. It is also important for merchants to carefully choose which APMs to offer, as not all will be relevant to their particular customer base.