Alternative payment options
Just because some customers do not have credit cards, should not mean that they are left out of the online shopping experience. The more payment options you give to a customer, the more likely you will be to convert that shopper to a purchase…
MyGate offers clients an alternative payment option, which is the SID or secure instant EFT. SID is done via an internet transfer. When using the SID payment method, as a customer you will be able to make secure payments online and the funds will go directly into the bank account of the person being paid. The SID system is a fantastic way to shop online either if you do not have a card or if you are not comfortable with using your card to make online payments. Everything is completed within the security of your online bank account and it is very easy to set up.
SID provides the security of internet banking and as you do not have to enter any credit card information, you will not have to worry about your credit card information being stolen. The only requirement that you will have to have when you want to use SID as a payment system is to have an online banking account.
As a company offering SID as an alternative payment option you will have the advantage of making your company more available to all types of people, which will in turn, mean that you will expand your target market. Another benefit of using the SID payment system is that you will receive the payment instantly while also receiving an instant notification.
SID is a very appealing payment option to offer your clients and if you want to set this system up on your payment options, MyGate can assist you.
Read more about our debit order collections or online payment gateways.