Encourage new sign ups by accepting alternate payment methods including PayPal, Apple Pay, Google Pay, Amazon Pay, and ACH.
Explore a world of payment methods beyond credit cards including Amazon Pay, PayPal, Venmo, Apple Pay, Google Pay, SEPA, Bacs, BECS, ACH, and more.
Anything related to our revenue is obviously very significant. So, our ability to ensure that our payment processing works smoothly and is effective was critical. This is the most important benefit Recurly gives us.
Read case studyPayment methods are the various ways customers can pay for your product. Common examples of payment methods are credit cards, debit cards, mobile wallets, and ACH.
Offering support for multiple payments allows you to attract more customers by giving them the choice to use their favorite payment methods, including ones offered in their preferred currency. Recurly merchants saw a 119% revenue lift by enabling PayPal and a 154% revenue lift by enabling SEPA.
Many factors can affect which payment methods you offer, including which countries and currencies you support, which methods are popular among your target audiences, and which are supported by your preferred payment gateways.
Credit and debit cards remain the most popular payment methods, but peer-to-peer payment methods such as Venmo are gaining popularity. Similarly, Amazon Pay, Google Pay, and PayPal continue to gain market share with consumers, while business customers often prefer ACH options. Check out the Payment chapter in our 2023 State of Subscriptions report for all the details.