Payment Method - Alternative Payments

The most comprehensive portfolio of local payment methods

Instant payment options? Recurring or without chargebacks? We have it all! Pay per transaction only!

Payment option

Currency

Real-time

Chargeback Free

Recurring

Market size (est.)

Coverage

Info

DPMax

EUR

520M

Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.

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DPMax

Open banking is a cutting-edge and highly secure financial process that empowers consumers and merchants by allowing regulated third-party service providers access to banking, transaction data, and other vital financial information. Through secure APIs Application Programming Interfaces, banks facilitate this data sharing, ushering in a new era of financial innovation. Backed by the European Commission's Open Banking Infrastructure., it will empower consumers to share their data securely so that they can get a wider range of better and more secure financial products. The payment services market has changed significantly in recent years and Alternative Payments is bringing these advantages to US-based merchants. Electronic payments in the EU have been constantly growing, reaching €240 trillion in value in 2021.

Product Description

Instant Bank Transfer

Product Process

DPMax facilitates instant bank transfers, where consumers simply select "Pay by Bank" and initiate payments. Funds are directly transferred from their account, and the merchant receives immediate payment confirmation.

Countries Supported

Sofort

EUR

85M

Austria, Belgium, Germany, Netherlands, Spain

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Sofort

THE PAN-EUROPEAN DIRECT PAYMENT SYSTEM

SOFORT GmbH based in Munich, Germany, was founded in 2005 and offers products and services for the secure purchase of physical and digital goods on the Internet. SOFORT is the market leader amongst the online banking-based payment methods in Germany and Austria. On average, 3 million Sofort transactions are made every month. More than 35.000 online merchants offer Sofort as a payment scheme to their customers.

SOFORT is one of the safest online payment systems on the Internet, because, with SOFORT, customers make payments using their familiar online banking details. In this way, security and privacy are of highest priority. In 2014 Sofort was acquired by Klarna and Klarna group was established. The name “Sofort Überweisung” changed to “Sofort” with local translations for each country respectively (e.g. "Pay now" in English).

Product Description

Bank Transfer

Product Process

Upon purchase, the consumer logs into their own online bank and authorizes the payment. The funds are then directly debited from their bank account in real-time and the merchant will receive an immediate payment confirmation.

Countries Supported

Austria, Belgium, Germany, Netherlands, Spain

iDEAL

EUR

15M

Netherlands

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iDEAL

Instant guaranteed payments with low risk of returns

A consortium of all the major Dutch banks developed the iDEAL payment method in 2005 to make it easier for their customers to pay online for products and services. iDEAL allows online payments to be made using online banking through the consumer’s own bank.

iDEAL is available to all consumers who are online banking customers of the participating Dutch banks. Consumers who already have online banking can start using iDEAL right away, as they do not have to register separately for the service.

iDEAL increases the merchant’s sales as it allows consumers to make online purchases in a familiar, secure and simple way. Transactions are performed by the consumer within their own banking environment and takes only a few simple steps.

Upon purchase, the funds are instantly debited from the consumers account. This payment method is “ideal” for merchants because payments made using iDEAL cannot be reversed.

As part of the payment process, the consumer is specifically requested to authorize the payment via the bank’s supported email, text or security token notification method. The payment cannot be canceled once they have clicked the payment button, so the payment is guaranteed to the merchant with low risk of returns.

Product Description

Bank Transfer

Product Process

Upon purchase, the consumer selects iDEAL and initiates the payment. The funds are then directly debited from their account and the merchant will receive an immediate payment confirmation.

Countries Supported

Netherlands

Bancontact

EUR

12M

Belgium

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Bancontact

Belgian market leader in electronic payment services

Founded in 1989, and now a brand from the Bancontact Payconiq Company, Bancontact makes it possible to pay directly through the online payment systems of all major Belgian banks for customers with Bancontact payment cards. Bancontact is the Belgian market leader in electronic payment services, with 24 banks issuing Bancontact cards including: Argenta, Attijariwafa Bank, AXA, BNP Paribas Fortis, Banque van Breda, Belfius Bank, Beobank, bpost Bank, CBC, Chaabi Bank, CPH, Crelan, Deutsche Bank, europabank, ING, KBC, Keytrade Bank, Nagelmackers and vdk Bank.

Product Description

Local payment card, QR code

Product Process

At checkout, the consumer enters their card details or scans the QR code, then authorises payment.

Countries Supported

Belgium

Przelewy24

PLN

35M

Poland

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Przelewy24

The golden currency of Poland

Przelewy24 is a domestic Polish Internet service that facilitates the transfer of funds for payments between customers and sellers. Customers can use a variety of payment options to load their account, including bank transfer from more than 30 domestic banks, credit cards, SMS, mobile payment, eWallet and cash payment. When making a payment online at a participating merchant, the consumer selects Przelewy24 as the payment method and authorizes a transfer.

Przelewy24 guarantees merchants payment with low risks of returns and is Poland’s most widely used internet payment method. Poland ranks 8th of the top 10 Internet countries in Europe with an online user penetration rate of 58% of the population (22.5 million people).

Alternative Payments provides the Przelewy24 service to online merchants, which includes access to secure admin pages and detailed reports, as well as local customer support via phone and email. The Przelewy24 payment option is easily integrated into a merchant’s website together with our other alternative and traditional payment options.

Product Description

Bank Transfer

Product Process

Upon purchase, the consumer selects Przelewy24 and initiates the payment. The funds are then directly debited from their account and the merchant will receive an immediate payment confirmation.

Countries Supported

Poland

Paysafecard

EUR

1.2B

Argentina, Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Finland, France, Georgia, Germany, Greece, Hungary, Iceland, Ireland, Italy, Kuwait, Latvia, Lithuania, Luxembourg, Malta, Mexico, Montenegro, Netherlands, New Zealand, Norway, Peru, Poland, Portugal, Romania, Saudi Arabia, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, United Kingdom, United States.

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Paysafecard

Europe's popular prepaid card with low risk of returns

Launched in 2000., Paysafecard is a prepaid card designed to enable e-commerce payments, independent of bank account, credit card, or other personal details thereby ensuring consumers can remain anonymous. Prepaid cards are used by consumers that simply prefer to pay in cash online or by those that do not wish to divulge their personal, bank or credit card details on the internet. Accepting Paysafecard will also increase your sales, as you can target consumers that do not have credit or debit cards and it also provides the payment solution for declined card transactions and blocked customers.

Product Description

Prepaid voucher

Product Process

With the search feature on the Paysafecard site or the app, consumers can find the nearest sales outlet quickly and easily and then pay for e-commerce purchases by entering the 16-digit PIN at checkout

Countries Supported

PIX

BRL

215M

Brazil

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PIX

Brazilian bank-transfer payment method

Pix, a Brazilian bank-transfer payment method, was created in 2020 by the Central Bank of Brazil (Bacen). Described as revolutionary, it enables any citizen with a deposit, savings, or prepaid payment account to make payments and transfers in a few seconds, at any time, 365 days a year.

Developed by the Central Bank of Brazil, PIX revolutionizes online payments in the country. With its robust infrastructure and widespread adoption, PIX has rapidly become the preferred choice for digital transactions across Brazil.

This real-time payment system operates 24/7, enabling users to transfer funds instantly. By the end of February 2022, 15 months from launch, 67% of Brazilians had either made or received a Pix transaction worth approximately US$ 1.2 trillion. PIX offers unparalleled convenience, security, and efficiency in the realm of online payments.

Product Description

Bank Transfer

Product Process

Upon purchase, funds are directly debited from the consumer’s bank account.

Countries Supported

Brazil

CRYPTOCURRENCIES

EUR

520M

Global

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CRYPTOCURRENCIES

Cryptocurrencies are cash for the internet

With just a phone or computer with an internet connection, people can use cryptocurrencies to send funds nearly instantly to businesses, friends, and family anywhere on earth.

At its core, the technology that makes cryptocurrencies like Bitcoin work is a public ledger which records every single bitcoin transaction. This ledger is called “the blockchain”. Every time cryptocurrencies move from one wallet to another, it’s publicly recorded in the blockchain and verified by a network of specialized computers (called “miners”).

All cryptocurrency transactions use a “push” payment mechanism, meaning that funds cannot be pulled from a user’s account. Therefore cryptocurrency transactions can never be charged back. Funds are only transferred when the rightful owner of the funds initiates a transaction.

This process is part of what makes cryptocurrency payments uniquely secure: they can’t be forged or made without your permission.

Bitcoin was the first cryptocurrency, created in 2009 as a decentralized digital currency that could be transferred peer-to-peer over the internet, without needing intermediary parties like banks or payment processors. Over the last decade, the cryptocurrency industry has grown to thousands of different cryptocurrencies that have a total market cap of more than $200 billion. Although this is the value of all cryptocurrencies combined, roughly 90% of this value is concentrated in the 10 largest cryptocurrencies.

The seven large cryptocurrencies that can be accepted with Alternative Payments are:

1. Bitcoin (BTC)

2. Bitcoin Cash (BCH)

3. Ethereum (ETH)

4. Ripple (XRP)

5. USD coin (USDC)

6. Gemini USD (GUSD)

7. Paxos Standard (PAX)

Accepting cryptocurrencies allows merchants to tap into this $200 billion market.

Product Description

Cryptocurrency

Product Process

Once payment with cryptocurrency has been selected, an invoice is automatically generated. A QR code is displayed on the screen. The customer scans this code with a smartphone wallet app. The customer presses “Send,” and the payment is broadcast to the network. Alternative Payments processes the cryptocurrency and provides the merchant with a bank deposit in the local currency.

Countries Supported

Global

SEPA

EUR

520M

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SEPA

The solution to process European debit transactions

Our EuroDebit®/SEPA payment system is the most widely used form of online payment in Europe for both one-time and recurring payments.
The Single Euro Payments Area (SEPA) initiative created a zone for the Euro in which all electronic payments are considered domestic, and where there is no difference between national and intra-European cross border payments. SEPA will increase your payment coverage to over 520 million consumers!
We process direct debits and recurring transactions in real time directly from consumers’ bank accounts in 34 countries and territories. EuroDebit is also the perfect payment solution for European customers with no credit card or those who are reluctant to use them online for purchases.
European consumers will thus have an additional and convenient method to pay online, and merchants can increase their sales by offering this local and trusted payment solution.

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Product Description

Direct Debit

Product Process

The customer initiates the transaction on merchant’s website by entering his first and last name,email and IBAN (No BIC required). Merchants have full control over the look of the SEPA payment form. For authorization customers enter their phone number to receive the OTP. The PIN code is sent in an SMSto the customer’s phone number. Once the PIN code is entered at the checkout the transaction is approved and completed. No redirect is done, consumer is returned to result page immediately.

Countries Supported

eps

EUR

Austria

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eps

AUSTRIAN ONLINE BANK PAYMENT
The eps online transfer is a secure payment method that is offered by the Austrian banks. It allows account holders to easily and quickly pay for purchases using their own trusted online banking service. 80% of merchants in Austria accept eps online payment. The bank transfer is made at the initiative of the consumer, and the payment is "pushed" to the bank account of the merchant. By accepting eps as an online payment method, you get access to more than 3 million Austrian online banking customers. The eps system is supported by all the major Austrian banks and is free of charge to consumers, who do not have to register separately as they are automatically enrolled through their bank.
When a consumer is initiating an online payment with eps, they simply select their own bank and they are then redirected from the merchant’s website to the secure login page of their financial institution.
By offering eps as an additional payment method, merchants can increase their sales, as credit cards are not needed. Payments via eps are in real-time and cannot be canceled or reversed. Therefore, merchants are also guaranteed payment from the purchase.
The eps transactions are in Euros, but they are conveniently and automatically exchanged to our merchant’s preferred own currency. Local native language customer support is included via phone and email. Alternative Payments provides the eps service complete with access to secure admin pages and detailed reports, and the eps payment option is easily integrated into a merchants website together with our other alternative and traditional payment options.

Product Description

Bank Transfer

Product Process

Countries Supported

Austria

BLIK

PLN

38M

Poland

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BLIK

SECURE, SIMPLE AND CONVENIENT PAYMENT EXPERIENCE

Introduced in 2015, and created and developed in Poland, BLIK is a must-have local payment method for e-commerce sites in Poland.BLIK is a mobile payment service with a unique model of cooperation between banks, payment acquirers and merchants. Smartphone users who have installed mobile banking apps from participating banks can utilize BLIK. It enables the transfer of funds to a recipient's mobile phone number immediately.

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Product Description

Bank Transfer

Product Process

The customer chooses BLIK, selects their bank, then enters the 6-digit code that the BLIK app generates. They confirm the purchase with their mobile banking PIN.

Countries Supported

Poland

Paysafecard

Mobile payments

Paysafecard

Europe's popular prepaid card with low risk of returns

Supported Countries

Supported Currencies

EUR

Real time payments

Yes

Chargeback free

Yes

Recurring

Market size (est.)

1.2B

Product Description

Prepaid voucher

Product Process

Countries Supported

Sofort

Mobile payments

Sofort

THE PAN-EUROPEAN DIRECT PAYMENT SYSTEM

Supported Countries

Austria, Belgium, Germany, Netherlands, Spain

Supported Currencies

EUR

Real time payments

Yes

Chargeback free

Recurring

Market size (est.)

85M

Product Description

Bank Transfer

Product Process

Countries Supported

Austria, Belgium, Germany, Netherlands, Spain

Przelewy24

Mobile payments

Przelewy24

The golden currency of Poland

Supported Countries

Poland

Supported Currencies

PLN

Real time payments

Yes

Chargeback free

Yes

Recurring

Market size (est.)

35M

Product Description

Bank Transfer

Product Process

Upon purchase, the consumer selects Przelewy24 and initiates the payment. The funds are then directly debited from their account and the merchant will receive an immediate payment confirmation.

Countries Supported

Poland

Bancontact

Mobile payments

Bancontact

Belgian market leader in electronic payment services

Supported Countries

Belgium

Supported Currencies

EUR

Real time payments

Yes

Chargeback free

Yes

Recurring

Market size (est.)

12M

Product Description

Local payment card, QR code

Product Process

At checkout, the consumer enters their card details or scans the QR code, then authorises payment.

Countries Supported

Belgium

iDEAL

Mobile payments

iDEAL

Instant guaranteed payments with low risk of returns

Upon purchase, the funds are instantly debited from the consumers account. This payment method is “ideal” for merchants because payments made using iDEAL cannot be reversed.

Supported Countries

Netherlands

Supported Currencies

EUR

Real time payments

Yes

Chargeback free

Yes

Recurring

Market size (est.)

15M

Product Description

Bank Transfer

Product Process

Upon purchase, the consumer selects iDEAL and initiates the payment. The funds are then directly debited from their account and the merchant will receive an immediate payment confirmation.

Countries Supported

Netherlands

PIX

Mobile payments

PIX

Brazilian bank-transfer payment method

Supported Countries

Brazil

Supported Currencies

BRL

Real time payments

Yes

Chargeback free

Yes

Recurring

Market size (est.)

215M

Product Description

Bank Transfer

Product Process

Upon purchase, funds are directly debited from the consumer’s bank account.

Countries Supported

Brazil

CRYPTOCURRENCIES

Mobile payments

CRYPTOCURRENCIES

Cryptocurrencies are cash for the internet

With just a phone or computer with an internet connection, people can use cryptocurrencies to send funds nearly instantly to businesses, friends, and family anywhere on earth.

This process is part of what makes cryptocurrency payments uniquely secure: they can’t be forged or made without your permission.

The seven large cryptocurrencies that can be accepted with Alternative Payments are:

1. Bitcoin (BTC)

2. Bitcoin Cash (BCH)

3. Ethereum (ETH)

4. Ripple (XRP)

5. USD coin (USDC)

6. Gemini USD (GUSD)

7. Paxos Standard (PAX)

Accepting cryptocurrencies allows merchants to tap into this $200 billion market.

Supported Countries

Global

Supported Currencies

EUR

Real time payments

Yes

Chargeback free

Yes

Recurring

Market size (est.)

520M

Product Description

Cryptocurrency

Product Process

Countries Supported

Global

SEPA

Mobile payments

SEPA

The solution to process European debit transactions

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Supported Countries

Supported Currencies

EUR

Real time payments

Chargeback free

Recurring

Yes

Market size (est.)

520M

Product Description

Direct Debit

Product Process

Countries Supported

eps

Mobile payments

eps

Supported Countries

Austria

Supported Currencies

EUR

Real time payments

Yes

Chargeback free

Yes

Recurring

Market size (est.)

Product Description

Bank Transfer

Product Process

Countries Supported

Austria

BLIK

Mobile payments

BLIK

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Supported Countries

Poland

Supported Currencies

PLN

Real time payments

Yes

Chargeback free

Yes

Recurring

Market size (est.)

38M

Product Description

Bank Transfer

Product Process

The customer chooses BLIK, selects their bank, then enters the 6-digit code that the BLIK app generates. They confirm the purchase with their mobile banking PIN.

Countries Supported

Poland

DPMax

Mobile payments

DPMax

Supported Countries

Supported Currencies

EUR

Real time payments

Yes

Chargeback free

Yes

Recurring

Yes

Market size (est.)

520M

Product Description

Instant Bank Transfer

Product Process

Countries Supported

The most comprehensive portfolio of local payment methods

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