ACH (Automated Clearing House) is a popular alternative payment method in the United States. Experience Macropay’s system with the largest market penetration, including ACH. Discover flexible, secure, and fast transactions.
The digital payment methods have proven to be more convenient, faster, cheaper, better integrated into the user’s daily life, and more fun than using paper bills. In this series Macropay reviews some of the most important local payment methods in the world.
The financial industry has been and is still in the midst of a gigantic technology overhaul – led by the fearless FinTechs of today. Even some of the most old-school and stuck-in-the-past banks have slowly but surely began the journey of digitising their operations. The current environment of lockdowns where profits are heavily reliant on online channels has pushed these digitalisation plans even higher up on everyone’s agenda.
There is a natural flow of personal, business, and financial data in our life that gets captured by technology, and that supports our daily activities in a convenient way. Facebook, Amazon, Google, Apple, and their Chinese counterparts, Alipay and WeChat, are embedding payments in context, creating better end-to-end journeys for their customers. They have billions of users and the power to keep those users engaged. They offer consumers more choices and new products and have started to dominate the payments space.
Millions of people have been impacted by the domino effect caused by the fallout from the COVID-19 pandemic. Therefore, it is crucial we consider both the way we manage the ongoing health crisis and getting economies up and running again. This will help mitigate the long-term impact of the pandemic on people’s lives.
Banking is one of the business sectors most resistant to technological disruption. A new wave of disruptors are coming with a mission to make ‘clunky and dated bank’ better.
Competing in a global economy is no easy feat, and to win more business, merchants must be willing to allow their customers to pay in their native currencies.To be able to accept local payment methods without impacting conversion on successful transactions, it’s important to understand the local market you’re targeting and how consumes from each country would like to pay.
Macropay, the local payment gateway provider for international retailers, has established a partnership with payment processer Bambora to bring more payment services to online shoppers. The new addition to Macropay’s suite of more than a dozen online payment options will cater to a larger global audience to instill trust in the checkout process and allow merchants to remain competitive across borders.
Every online retailer needs a payment solution provider he can count on. A critical component of winning over local shoppers is to provide them with a means to pay in their native currency. Macropay bridges that gap between their revenue targets and current sales with its seamless payment interface.