Alternative payment methods (APMs): Everything you need to know

They are called alternative payment methods because they serve as an alternative to the traditional global card networks and physical cash. However, in many countries, they are the primary way people pay, so they are also called local payment methods.

Yes, BNPL is safe for merchants because the provider usually pays the merchant the full amount at the time of purchase. The provider takes on the responsibility and risk of collecting the remaining installments from the customer.

No, if you use a unified payment platform, you do not need multiple bank accounts. The platform collects the funds from various methods and settles them into your main business account in your preferred currency.

Digital wallets use tokenization, which means they do not share the actual card or bank details with the merchant. They also often require biometric authentication, such as a fingerprint or face scan, which makes it much harder for unauthorized users to make a purchase.