More international payment methods available via PayPal
PayPal is expanding its payment portfolio with over 30 local payment methods – an important step for merchants with an international customer base.
PayPal expands its payment portfolio
Together with its technology partner PPRO, PayPal has integrated more than 30 additional local payment methods into its payment platform.
This will allow online merchants to offer their customers even more regional payment options in the future.
- Swish (Sweden)
- MB WAY (Portugal)
- BLIK Pay Later (Poland)
- Pix (Brazil)
Local payment methods in international commerce
For internationally active merchants, the selection of the right payment methods is becoming increasingly important.
Even though consumers shop online worldwide, they often prefer the payment methods they know and trust from their home country.
Local payment methods can therefore help to reduce cart abandonment and improve the conversion rate at checkout.
Benefits for merchants and new markets
By expanding its portfolio, PayPal helps merchants to enter new international markets more easily without having to integrate each regional payment method individually.
The new payment methods complement the existing portfolio with bank transfers, digital wallets, and other locally established payment procedures.
Conclusion: Local payment methods as a success factor
Our conclusion: Anyone who sells cross-border should regularly review their checkout.
Providing local payment methods can be an important success factor for strengthening the trust of international customers and increasing sales in new markets.