Definition

Payment Methods refer to the various ways customers can execute payments for the goods or services they purchase. By supporting a myriad of payment methods, Recurly provides a comprehensive platform for businesses to accommodate their customers' preferences, thereby ensuring a smooth and frictionless payment experience.

Key benefits

• Wider customer reach: Cater to a global customer base with diverse payment preferences, expanding your market reach.
• Increased conversion rates: By offering various payment methods, reduce cart abandonment rates and improve conversion.
• Enhanced customer satisfaction: Deliver a seamless and convenient checkout experience by providing familiar and preferred payment options.
• Simplified management: Easily manage and analyze all your payment methods through a centralized Recurly platform.
• Secure transactions: Ensure the security and confidentiality of transaction data with robust security protocols in place.

Key details

• Credit Cards: The most common payment method, offering quick and convenient transactions for customers globally.
• Debit Cards: Another widely accepted payment method allowing direct transactions from the customer's bank account.
• PayPal: A highly popular online payment system providing a secure and speedy checkout experience.
• Amazon Pay: Leverage Amazon’s checkout technology to provide a familiar payment process.
• Apple Pay on the web: Offer a fast, secure, and privacy-oriented payment method for Apple users.
• Google Pay: Facilitate a simple and speedy payment process for Android users.
• Venmo: Popular among younger demographics, Venmo provides a social way to pay.
• SEPA (Single Euro Payments Area): Enable direct debit payments in the Eurozone with SEPA.
• iDEAL: A popular payment method in the Netherlands, facilitating direct bank transfers.
• Sofort: Known for its simplicity and security, Sofort is widely used in many European countries.
• BACS (Bankers' Automated Clearing Services): A reliable method for direct debit payments in the UK.
• BECS (Bulk Electronic Clearing System): Facilitate direct debit payments in Australia through BECS.
• ACH (Automated Clearing House, US Only): A secure and cost-effective payment method for US-based transactions.
• Boleto: A widely used payment method in Brazil, allowing online and cash payments at a vast network of locations.

Immerse yourself in our dedicated pages to understand the unique advantages and setup processes of each payment method, ensuring your business is well-equipped to provide a superior and convenient payment experience for your customers, regardless of their location or preferred payment channels.