Do you want to take your digital business to the four corners of the world together with ? Today we present some resources fresh from the oven to help you achieve this goal. The new local means of payment have arrived in Portugal and in the European Union.
Stay with us for more details on this unmissable novelty!
How do the new means of payment work for the European territory?
is the payment system that allows national and international transactions to be carried out with total security and convenience in more than 200 countries.
Thus, your buyers can pay for your digital product by credit card (even with two cards) with the payment options in installments or in cash, bank transfer and cash payment receipt.
Now you have two more options for the European public:
1) Bank transfer resource for the countries of the European Union:
The Single Euro Payments Area, also known as SEPA transfer (Single Euro Payments Area) is a solution that makes it possible to make payments safely and efficiently.
For this reason, if you have activated the “bank transfer” option as a payment method in your checkout configuration, SEPA will already be in operation automatically. If you want to activate it right now, find out how in our .
For which countries is this option available?
This novelty reaches all the countries that make up the EU and its adhering territories, including: Germany, Austria, Belgium, Cyprus, Denmark, Slovakia, Slovenia, Spain (including Ceuta, Canary Islands and Melilla), Estonia, Finland (including the island France (including the overseas territories of French Guiana, Guadeloupe, Martinique, Mayotte, Réunion, Saint Barthélemy, Saint Martin, Saint Pierre and Miquelon), Greece, the Netherlands, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta , Norway, Poland, Portugal (including Azores and Madeira), United Kingdom (including Gibraltar, Guernsey, Isle of Man and Jersey), Czech Republic, Ireland, Sweden, Bulgaria, Romania, Monaco, San Marino, Switzerland and Croatia.
2) “Multibanco” system for Portugal:
Well known in the Lusitanian country (and in others), the “Multibanco” option works as an interbank system that provides payment services.
So that you can understand it better, in practice, many Portuguese prefer to pay for their purchases online by transfer, therefore a multi-bank reference is issued. Over there, they can use a Multibanco teller machine (ATM) or the homebanking service on their computer or smartphone.
Just as we have a cash payment ticket (ticket in Brazil), Oxxo (Mexico) and Efecty (Colombia), Multibanco offers buyers in Portuguese territory payment through this reference code.
If you have already activated the Payment Ticket option (cash payment) in the checkout settings, the “Multibanco” model sale will already be in operation; otherwise, simply activate it.
What is the great advantage of the new means of payment?
One of the greatest benefits of this novelty, in addition to the transaction with total security and transparency, lies in the reduction of possible friction between you and your European clients.
What does that mean in practice?
That your international buyers will have even more practicality and will feel more secure and eager to buy, since you will be overcoming their objections at the time of making the payment. Therefore, they will be able to acquire your product more easily.
In short, it is an excellent opportunity to provide your customers with more speed and agility and boost your conversions in these countries. Great, isn’t it?
Well, did you like this amazing opportunity in Europe? Be sure to use the new payment methods to achieve your goals faster!
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