No more cart abandonment because retailers don't accept international payments. It is not always possible to pay with a foreign currency at stores. However, customers of Jetkrate have an alternative other than giving up and dumping their carts when they encounter an obstacle to payment. With the assistance of the Jetkrate shopping concierge team, the customer may complete their purchase using any convenient payment method.
Jetkrate co-founder Varun Khetrapal stated, "Inconvenient though it may be, many international online shoppers have had trouble making purchases from their preferred online stores since they only accept domestic payment options.
"When a consumer wants to purchase on an eCommerce site, its location often prevents it from offering the most efficient payment options. This can be frustrating for the consumer.
Strangely, some customers are turned away when they are ready to pay because the preferred payment method isn't accepted, considering the amount of time and resources spent on providing a pleasant experience for customers engaging in e-commerce transactions. In addition, international e-commerce businesses that sell their wares to customers in other nations must be aware of the types of payment methods most popular with those customers.
When it comes to online commerce, any method of payment that is not a credit card transaction is regarded as an alternative payment option. Because credit cards have long been the de facto standard in many countries, these methods are referred to as "alternative ways" because their popularity in other parts of the world has not yet caught up with them.
As a result of its widespread use, credit card transactions have become routine in many nations. Nevertheless, the social, economic, and geographical elements that influence people's payment choices vary significantly from one region to the next. It's a typical phrase to hear in this industry. E-commerce businesses serious about expanding their clientele should investigate the factors that motivate specific customers to use payment methods other than credit cards.
Khetrapal also stated, “Many individuals are afraid of using banks and credit cards due to negative experiences they had in the past. For example, users who had difficulty trusting eCommerce sites often recounted stories about friends and relatives who had fallen into debt, been charged exorbitant fees, or had difficulty canceling unused credit cards.”
Because of this, Jetkrate has developed a service in which they make purchases on the user's behalf, removing any potential barriers to the customer making purchases on their preferred e-commerce site.
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Business Name: Jetkrate
Website URL: https://www.jetkrate.com/