The document discusses the advantages and disadvantages of credit cards and alternative payment methods. Key alternatives include bitcoin, direct debit, and digital wallets, which generally offer lower fees and enhanced privacy. It emphasizes the importance of providing users with diverse payment options while maintaining simplicity to meet global business expectations.

1. Put away the credit card
A look at alternative payment methods
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2. @jtdowney 2

3. Why credit cards?
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4. • Ubiquitous (in the US)
• Accepted by most merchants
• Issued by most banks
• Anti-fraud systems
• Chargeback process
• You have an option if you want money back
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5. Why alternatives?
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6. • Lower fees
• Privacy
• Pseudonymity
• Security
• Ubiquitous (outside the US)
• Not tied to credit
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7. Bitcoin
• Typically lower fees
(adjustable)
• Some association with
criminal activities
• Offers pseudonymity
• Lackluster sales
performance
• No chargebacks
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8. Direct Debit
• Much lower fees
• Drawn directly from your bank account
• Not tied to credit
• Expected way to pay
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9. Direct Debit
• Automated Clearing House [ACH] (US)
• Elektronisches Lastschriftverfahren [ELV]
(Germany)
• Single European Payments Area [SEPA]
• iDEAL - Netherlands
• "Direct Debit" in other places (UK, etc)
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10. Digital Wallets
• Security by abstraction
• Often built on existing Credit Card or Direct
Debit rails
• Familiarity
• Often see increase in conversion
• Lower the purchase barrier
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11. Digital Wallets
• PayPal
• Alipay (huge in China)
• Apple Pay
• Google Wallet
• Pay with Amazon
• <Social Network> Pay
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12. ✔ Give your users options
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13. Don't overwhelm them
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14. It is increasingly expected of a
Global business
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15. Photos
• https://flic.kr/p/kkUu3B
• https://flic.kr/p/gGQRbT
• https://flic.kr/p/dtsf7h
• https://flic.kr/p/dTUAhR
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