And why are individual solutions so important?
Anna Bejaoui: Merchants should keep a close eye on the effect the payment methods offered are having on their conversion rate, the risk of non-payment and their return rates.
Which types of acceptance are especially important for merchants in Germany?
Anna Bejaoui: In the retail trade the girocard is overtaking ELV and the credit card only occupies third place. Contactless payment is becoming more important due to the speed and high degree of convenience. In eCommerce purchasing on account, PayPal, direct debit, credit card and paying in instalments are the most popular. Furthermore, Apple Pay and Google Pay are gaining in popularity in retail trading, quite unlike in German eCommerce.
Which pricing model is better? A fixed monthly rate or charges?
Anna Bejaoui: That mainly depends on the size of the shopping basket. Here at EVO we can advise the customer and offer an individual solution.
With EVO COLLECT the merchant is able to send registered customers requests for payment via email and messaging services. The recipient can then arrange payment direct from his or her Smartphone or computer. EVO COLLECT is of interest to all those who would like to send their customers virtual requests for payment via email or SMS. EVO COLLECT offers the perfect set-up. This way one of the things shoppers can do is make regular payments in advance, as is required, for instance, for boxes of food or by local suppliers of vegetable crates. As well as this, service providers in the customers‘ local area, wishing to send them an invoice direct from there or alternatively restaurants or merchants, requiring deposits for reservations can all profit from EVO COLLECT.
About EVO Payments:
EVO Payments International GmbH
EVO Payments International GmbH is a European subsidiary of EVO Payments, Inc. (NASDAQ: EVOP) and a payment institution licensed in Germany. As a payment institution and a principal member of Visa and Mastercard, EVO Payments International GmbH is the exclusive provider of card acceptance solutions for Global Transaction Banking (GTB) for Deutsche Bank in Europe or Postbank - a branch of DB Privat- und Firmenkundenbank AG, and have repeatedly been honored as the best provider for internationally active retailers.
EVO Payments, Inc.
EVO Payments, Inc. (NASDAQ: EVOP) is a leading payment technology and services provider. EVO offers an array of innovative, reliable, and secure payment solutions to merchants ranging from small and mid-size enterprises to multinational companies and organizations across North America and Europe. As a fully integrated merchant acquirer and payment processor in over 50 markets and 150 currencies worldwide, EVO provides competitive solutions that promote business growth, increase customer loyalty, and enhance data security in the markets it serves.