When we think of a payment platform, we usually associate it with payment methods like credit/debit cards, SEPA direct debits, cash, transfers, etc. But at WANNME, the modular and flexible on-demand payment platform, there’s so much more.
Discover the numerous possibilities to adapt your payment processes with WANNME’s different payment types, tailoring your customers’ payment plans to their needs—whether it’s a one-time payment, recurring payments, or installments, you name it.
If you want to learn about all the payment types you can offer, keep reading:
Payment Types
Customer habits and needs have changed dramatically. In the past, it was common to pay for a product or service at the time of purchase, completing the payment process then and there. Today, there are many more alternatives. For instance, recurring payments were once associated solely with banks (loans, leasing, renting), but now, who isn’t subscribed to something? It’s increasingly common to find companies offering the choice of how to pay (through which channel, with what frequency). This is where WANNME comes in, helping to complete any payment process by activating functionalities based on the needs of the merchant or end consumer, creating thousands of possible combinations through the integration of a single API. What are they?
- Pay by Link: Using a unique or personalized URL, you can copy and paste it where needed (SMS, email, WhatsApp, or physical letter) and send it to the customer for instant payment. Want to sell more and at a distance? Click here.
- QR Codes: Similar to Pay by Link. For each transaction you perform on WANNME, a QR Code is generated that you can use in various situations: postal letters, invoices, receipts, electronic emails, etc. It’s as simple as scanning and paying.
- One-Time and Recurring Payments: Because sometimes payment doesn’t end with the purchase.
- One-Time Payments: A single amount paid in one go.
- Recurring Payments: New subscription models have driven the creation of periodic payment flows. With WANNME, you have total control, regardless of the amount (fixed or variable) and the frequency of the installments.For example, if you join a gym, you must first pay the entrance fee and the monthly fee in the same month. As you continue paying the monthly fee, certain services or facilities might incur additional costs, which are added to your account, causing the amount to vary from month to month.
- MOTO Payments or Payments by Phone: We make one of the most challenging payment methods, due to the potential fraud risk, easier. When calling a tele-sales service, the agent records the card number and CVV to complete the payment. With Wannme, this process is done through a control panel—just indicate that the payment is manual and proceed to checkout with the details provided by the customer.
WANNME works daily to bring you the latest technology in payment types. On our website, you can find updates such as:
- IVR Payments or Interactive Voice Response: A secure and automated telephone payment system for your customers. They receive a call to input their card details according to PCI-DSS security standards. If you wish, you can transfer the call directly from your call center.
- Split Payments: Payments created for your different recipients. A payment splitting solution that assigns and transfers money automatically, simply, and securely to the accounts of collaborators. Learn more on our blog.
- Merge Payments: The evolution of Split Payments. Unlike split payments, merge payments divide the total before the payment is made. All participants must contribute their share to complete the purchase, ensuring everyone fulfills their agreement. More information here.
Even if you only need a few, WANNME gives you access to all the payment types on the market whenever you need them. With one click, activate and deactivate them without limits.
However, too many options can be overwhelming. It’s important to know how to choose the right ones for your business.
Choosing the Right Payment Type for Your Business
“With the pandemic, instead of just adapting, we’ve continued to advance in innovation, making it possible and driving technologies that facilitate digital payments in all forms and conditions, such as contactless technology, which is now so integrated into our daily payments.” – Beatrice Larregle, Regional Managing Director at Visa, for Forbes.
Our WANNME managers provide you with the best advice to choose the payment types that best suit your needs, helping you get the most out of the on-demand online payment and collection platform. We make the payment process easier without sacrificing anything—a solution tailored to your business and your customers.
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