Alternative payment methods

The term “alternative payment methods” is usually used to describe all payment methods other than the traditional ones (payment by payment card, direct debit, and credit transfer).

Alternative payment methods available at the point of sale include mobile payment methods such as Alipay, WeChat Pay, Blue Code, and Payback Pay.

Alternative payment methods available for distance selling include, for example, purchase on account with default protection (e.g. offered by RatePay, Paymorrow or Klarna) and credit transfer procedures based on payment initiation services (e.g. offered by FinTecSystems or Klarna).