![]() ![]() ![]() Local payment methods are essentially popular payment options in a specific geographic location. In this article, we’ll take a closer look at the definition of local payment methods, the benefits of accepting local payment options, and the various types of local payment methods in seven European countries: Spain, Portugal, France, Italy, Germany, UK, and the Netherlands. Accepting local payment methods is one of the most powerful ways to stay competitive. ![]() Are you trying to reach a global customer base, but you’re not sure where to start? Having an e-commerce business eliminates physical borders so knowing your national and international customers’ preferred local payment methods is crucial to improve the checkout experience and boost online sales.Īccording to MarketWatch, the global cross-border e-commerce market size is forecasted to have a compound annual growth rate (CAGR) of 15.5% from 2021 to 2027, creating huge potential for you to grow your online business.īut to do this, you’ll need to accept the preferred payment methods of both domestic and cross-border shoppers. ![]()
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