Understanding Payment Solutions with AIBMS
We are Ireland’s leading payment solutions provider and one of Europe’s largest e-commerce acquirers, with over 40 years’ experience providing payments and business solutions to our customers around the world to help them grow, whether that is on-line, in-store or on-the-go. AIB Merchant Services process millions of payments every day and that enables us to provide unique insights that help businesses to develop and grow. We are excited to be able to share our considerable industry knowledge with AwakenHub members.
By understanding what payment solutions best work for your business, you can:
Reach new customers. Drive business growth by offering the local payment methods your customers prefer in each market you serve. We support more than 250 currencies for an authorisation perspective and settle in 18 currencies including Euro, USD, STG and AUD.
Capture more sales. Offer the right payment mix to increase conversion rates, reduce cart abandonment, and help grow revenue. For example, AIBMS have a reporting tool that help businesses manage their customers better by; (i) highlighting regular customers V new customers, (ii) how often your customers spend there and (iii) how far they travel if they visit you in store.
Optimize your costs. Reduce your total cost of acceptance by offering lower-cost payment methods when and where they're available. Also how much you pay for your payment solutions is key, AIBMS offer clear and concise pricing and this is important when comparing.
Reduce fraud and transaction disputes. Taking card payments is the safe and easy way to connect with your customers, however we understand that fraud is a constant challenge, and we will provide some insight and how you can protect your business.
Today’s payment innovation is tomorrow’s expectation, and we hope we can provide you with lots of insights on payments and how they can work best for you. No matter where you’re based, customers from around the world can buy from your business online, in store or on-the-go. And if your payment solutions are eclectic enough & meet your customer’s needs, you greatly increase your ability to capture incremental growth.
Written by Robert Doherty Director of Product and Scheme Compliance, AIB Merchant Services.
Join our free event, hosted by AwakenHub co-founder Mary Carty in partnership with AIB with special guest Robert Doherty, more details HERE
