What Are Local Payment Methods?

Only 18.4% of the World’s Population Has a Credit Card1

For organizations selling globally, the ability to accept local payment methods is crucial. Different payment types are popular in different parts of the world, and  accepting them means easier and more profitable cross-border sales for you.

Challenges Involved in Accepting Local Payment Methods

Country-to-country, accepting local payments comes with its own set of challenges, including:

• Managing multiple integrations with different payment types, that can each take months
• Managing local compliance, regulations and licensing
• Understanding payment preferences across multiple countries and regions

Rapyd overcomes these challenges by letting you accept over 900 local payment methods in 100+ countries through a single fast and easy integration.

Rapyd Collect lets you accept payments globally using the following local payment methods:

Card Payments

•     Card Payments – Accept credit and debit card payments online.
•     Card Payment with 3DS Verification – add additional security to online credit and debit card payments.
•     Card on File – securely store payment information for repeat purchases.

Bank Payments

•     Bank Direct Debit – accept ACH, BACS, and SEPA direct debit payments.
•     Bank Transfers – accept bank-specific payment methods from your global customers.
•     Bank Redirect – accept local bank redirect payment methods online.

Cash Payments

•     Cash Payments – let your ecommerce customers pay with cash.

Digital Wallets

•     eWallet Payments – collect payments with popular and secure digital wallets.

Start Growing Sales With Local Payments

1. World Bank Global Financial Inclusion, 2017