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Alternative payments: More ways to close the sale
For the past few decades, checks, ACH, credit cards and debit cards have been the primary means of payments for consumers.
These payment methods have been successful because consumers can pay for their purchases without carrying cash, merchants can increase sales by reaching a wider consumer base, and banks are able to establish themselves as trusted financial providers to both merchants and consumers. However, changing market trends are creating opportunities for alternative payment methods and practices.