Online paying

The significance of online paying and payment method coverage for a webshop

It must be possible for the consumer to pay immediately for goods bought online with the preferred payment method. The variety of payment methods presents the proportion of webshop customers who actually can pay for the goods bought online. This is called payment method coverage.

It is always good to offer a range of payment methods for customers to choose from: Some customers regard credit card payments as the safest option whereas for some customers online banking is the only reasonable option. However, the most important thing is that none of the purchase decisions are cancelled due to poor payment method coverage. The Finnish consumer agency and Suomen Verkkomaksut recommend that webshop offers also the traditional cash on delivery method because it suits all Finns regardless their age, income level, credit reference or geographical location.

Suomen Verkkomaksut offers full payment method coverage.

Suomen Verkkomaksut offers the fullest payment method coverage on the market for all web services. If a webshop uses all our available services, the payment method coverage in the service is then 100 percent.

Our service provides each customer approximately 2,3 different payment methods and over 98 percent of the consumer can find a payment method that suits them best and feels secure at the moment of purchase. Thus the success rate of a purchase increases remarkably.