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e commerce payment methods management
There are now many e commerce payment methods that can be proposed to the online shoppers by the web merchants. They can be used alone or combined for paying the purchases. But the management of the multiple payment systems needs efficient tools. Limonetik can help the online sellers to have a successful management tool.
Limonetik, leader in e commerce payment methods management
Limonetik’s platform is dedicated to all e- commerce merchants who are interested in means of payment creation and roll-out in order to improve the payment experience and optimize the whole and streamlining of the entire purchase. Optimized complex electronic payment flows management and e commerce payment methods management is possible with Limonetik, even when the methods of payment supported are numerous for example, prepaid cards and accounts, electronic wallet, online loyalty program, standard credit card. Limonetik accelerates payment instruments connection for internet-based sales professionals whether directly or derivatively through their PSP.
Innovative e commerce payment methods
The internet has transformed business in many sectors but e commerce payment methods have been slower to develop. The consumer enjoys a large degree of choice on the High Street, where he is encouraged to spend using vouchers, gift cards, mobile payments and ewallets. He is also rewarded with loyalty points, which he can then spend at various outlets. This is not replicated online, where the variety of e commerce payments methods is mostly limited to debit and credit cards. Now, however, Limonetik is dedicated to changing this state of affairs and freeing up e commerce by enabling a similar variety of payment methods online.
Enabling more e commerce payment methods
The complexity and expense of enabling a wider variety of e commerce payment methods has probably been the reason why vendors have chosen not to do so but now the Limonetik platform has changed that picture. Limonetik provides a SaaS solution that can be implemented in a mere six weeks and where the integration work has already been completed. The internet vendor is therefore free to offer his customers the flexibility of using different payment methods and by allowing for their preferences can hence build confidence and increase sales.
Additional pathways for e commerce payment methods
Another area where Limonetik can make a difference is in enabling different processes for specific e commerce payment methods. This is especially important in certain industries, which traditionally have established payment processes. These could include the likes of the package holiday industry, where arrangements like deposits and payment instalments are more common. By adopting these methods, the vendor is more able to match customer expectations and hence can expect a growth in his trade. For Limonetik clients, this is just another step in enabling the buying preferences of the online customer.
Building trust with e commerce payment methods
Enabling the customer to spend in the way he wants to by allowing a wider choice of e commerce payment methods is one way where Limonetik adds value but another, equally important, factor is in customer retention. Web sites will lose an average of 68% of customers during the checkout process due to a lack of trust and long, complex payment procedures. The Limonetik payment process is therefore designed to be as straightforward and rapid as possible and trust is built with prominent communications channels to support staff. The checkout process also rewards customers with personalized offers and loyalty points in order to encourage the completion of the purchase.