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      Alternative Payment Methods

      What are the different new payment methods available via the Payyo Hosted Payment Page?

      Last update [Sep 5, 2022]

      Here's an overview of what we cover in this article:

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      Overview

      Here is an overview of the Alternate Payment Methods provided by Payyo:

       

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      iDeal

      Image result for ideal

      iDeal is the prefered payment method in the Netherlands and in the Dutch Oversea Territories, having a larger marketshare than credit card payments. It is an  inter-bank system covered by all major Dutch banks.

      iDeal offers:

      • Real time payment confirmation and payment guarantee
      • Better conversion rates than credit card sales
      • Increase security, since there is no credential sharing
      • Ease-of-use on mobile devices

      iDeal key information:

      • Payments are processed in EUR
      • Only available to companies registered in the Netherlands and Curacao 
      • No refunds can be processed directly from your TrekkSoft account

       

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      Alipay

      Alipay is the most widely used third-party online payments service provider in China, with over 100 million daily transactions and over 520 million active users. Its primary product is a digital wallet, Alipay Wallet, which also includes a mobile app that allows customers to conduct transactions directly from their mobile devices.

      Alipay offers:

      • A solution with the most advanced encryption technology for secure transactions
      • Seamless experiences, one-click payment

      Alipay key information:

      • Payments are processed in EUR
      • Refunds can be processed directly from your TrekkSoft account

       

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      Twint

      Twint is a swiss digital wallet with increasing popularity amongst swiss customers. 

      Twint offers:

      • Fast payments
      • Strong Swiss market acceptance
      • Increased payment security by allowing the use of several security elements

      Twint key information:

      • Payments are processed in CHF
      • Refunds can be processed directly from your TrekkSoft account
      • Only available to companies registered in Switzerland

       

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      Sofort

      Image result for sofort logo

      Sofort is a simplified bank transfer popular in most of Western Europe, especially in German-speaking countries. 

      Sofort offers:

      • Secure payment 
      • A real-time transaction notification
      • Extremely high bank coverage within Europe
      • Risk reduction for recurring SEPA charges

      Sofort key information:

      • Payments are processed in CHF and EUR, but Sofort accepts EUR, CHF, GBP, PLN
      • Sofort banking is available to companies holding a bank account in Germany, Austria, Switzerland, Poland, Italy, Spain, Belgium and The Netherlands
      • No refunds can be processed directly from  your TrekkSoft account

       

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      SEPA Direct Debit

      SEPA (Single Euro Payments Area) Direct Debit was introduced by the European Payments Council to create a standardised payments infrastructure within the EU, making it a key payment method for businesses looking to expand across Europe.

      SEPA Direct Debit offers:

      • Simplified processing for cross-border payments
      • Easy access to European markets
      • Confirmation of payment execution

      SEPA Direct Debit key information:

      • SEPA Direct Debit is available for companies registered in Switzerland, Germany and Austria
      • Payments are processed in EUR
      • No refunds can be processed directly from your TrekkSoft account

       

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      Apple Pay

      Image result for apple pay logo

      Apple Pay is a mobile payment and digital wallet service by Apple Inc. that allows users to make payments in person, in iOS apps, and on the web. It is supported on the iPhone, Apple Watch, iPad, and iMac devices. It can help you future-proof your business and enable you to provide a seamless, sleek checkout to set you apart from your competition.

      Apple Pay offers:

      • Simplicity and security by allowing customers to complete their purchase without entering any sensitive information
      • Confirmation of payment execution
      • Fraud-prevention by putting the customer in complete control of the transaction

      Apple Pay key information:

      • Payments are processed in  CHF, EUR, USD, BYN but all currencies are accepted for payment
      • Apple Pay only works on Apple devices that have Apple Pay set up, using the Safari browser

       

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      Google Pay

      google-pay

      Google Pay is a mobile payment system that acts as a virtual wallet, allowing users to make payments and transfer money straight from their phones. The service is free for users and can store credit, debit, gift and loyalty card information. To make a purchase, a customer taps their mobile device on a point-of-sale terminal or chooses to pay in your mobile app. Google Pay responds with the customer’s tokenized card and a cryptogram which acts as a one-time-use password.

       

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      Giropay

      Giropay is a very popular online banking payment system in Germany that allows
      customers to pay with an online bank transfer with the banking details (PIN) and a
      TAN (Transaction Authentication Number) to authorize the payment, although
      payment for less than 30 euros does not need a TAN.


      This could be an alternative payment option for those customers that do not have
      or desire to use their credit card online. They feel comfortable and secure because
      their payment is facilitated by their own bank. Besides those benefits, a Giropay
      transaction is free of charge for the customer, and their transaction history and
      payment details can be viewed in their own baking report.

       

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      EPS

      EPS (Electronic Payment Standard) is an online transfer system developed by
      Austrian Banks and the Government. It provides a simple and secure process of
      online payments to millions of users in Austria.


      Customers can complete transactions online using their bank credentials. EPS is
      supported by all Austrian banks and is accepted by over 80% of online retailers.

       

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      Kauf auf Rechnung (Invoice)

      Swissbilling is a particularly flexible payment option that customers from
      Switzerland are used to paying with. At the moment of the payment, customers
      pay by an invoice that is created during the checkout process.

      How does it work? - After the customer decides to pay with SwissBilling, they will
      receive an invoice for the payment and they will have max a month to pay the bill.
      Alternatively, the customers can also decide to pay in installments during the
      checkout. In this case, your invoice will come with the appropriate number of
      payment slips.

      Some advantages for this payment method are: No bank data transfer, generous
      deadline, easy return, very easy payment flow, good conversion rate, etc.