Switzerland has a growing eCommerce market with the average spend per customer increasing faster. Due to the high GDP and location between Italy, Germany, and France, Switzerland has a comparatively good market for luxury goods and high demand for eCommerce.

As Switzerland has a multilanguage population, businesses should consider offering multi-language options to reach Swiss customers as possible. Moreover, Switzerland’s payment landscape can be further broken into card, invoice, cash, and unique local methods.

Many business owners use the local payment method Switzerland to settle billing with their customers. Cash is a common method, while many choose to go with cards. Invoices are the most popular, but Twint is an increasingly known local payment method with almost three million users. While many customers use PostFinance. Both customers and eCommerce use local Swiss payment gateways.

Local Payment Method in Switzerland to Accept Customer Payment

Local payment methods in Switzerland are used for accepting payment from customers in return for goods and services. For Swiss customers, keeping a clear payment overview is becoming difficult. According to a Statista report, in 2019, debit cards were the most preferred method of payment. Around 40% of customers said they prefer to use debit cards like Maestro, EC cards, and V-Pay.

For every payment method, there are lots of differences in acceptance. Using different payment methods in Switzerland can help you avoid complications. For example, you can use prepaid cards or credit cards if the car rental companies are not accepting payment through Debit cards.

Whereas you can use debit cards, prepaid cards, or credit cards to make payments for online hotel booking. Besides you can also use other payment gateways supported by the online store. Let’s have a quick overview of different local methods business owners can use to accept payment from their valuable customers.

TWINT

It’s a Swiss payment gateway that makes customers’ life easier. TWINT is a mobile-based app that allows consumers to pay securely and easily at supermarkets, online shops, etc. Customers can connect their bank account with the TWINT wallet app and can start paying cashlessly and digitally.

Customers can download the TWINT app on their smartphones and enjoy various functions. It makes it easier for users to send money to anyone, purchase tickets, pay for hot-ordered food, and more. This advanced app provides you with everything you need. TWINT for WooCommerce plugin supports the authorization payment method page.

PostFinance Card

PostFinance provides users with everything they need for smart money management. With PostFinance, you can shop online, & in-store, withdraw cash, and make contactless payments without hassle. 

It’s the leading financial institution and more than 2.5 million trust PostFinance as a reliable partner for business and private management of their finance. PostFinance for WooCommerce plugin supports the authorization payment method.

Ratepay

Founded in 2009, Ratepay is the number-one payment provider. The payment platform is part of Bain Capital and Advent International as an independent payment label within the Nexi network. Ratepay is a popular “Shop now and pays later” payment method widely used in Switzerland and Germany.

Make people happy in your marketplace or online shop with a smart buy now pay later platform and increase your business sales in different ways. Customers can choose between installments or full payment methods to settle the payment. Ratepay decreases the merchant’s risk of non-payment.

American Express

Founded in 1850, American Express is an American multinational financial services corporation specializing in payment cards. It’s most valuable and one of the thirty components of the Dow Jones Industrial Average. American Express is among the major credit card brands serving worldwide.

American Express is an inclusive company and serves diverse consumers. The company is known to millions of users and is also valued and trusted by them. Each user who uses the payment platform contributes to the collective success.

Klarna | Pay-Later

This payment method enables customers to shop now and pay later. Klarna provides merchants with an increase in conversion rate with an optimized user experience for WooCommer, eCommerce, and M-Commerce. It’s a state of art payment option. Klarna provides online financial services like online payment for storefronts along with post-purchase payments.

Recently, Klarna launched a new Creator app for influencers and retailers to collaborate on business campaigns and to track performance, sales, and earnings. The platform provides users with the flexibility to purchase what they love and split the purchase into installments. Consumers don’t have to pay any additional charges. With Klarna, consumers can pay using the way that suits them the best.

Apple Pay

Founded on October 20, 2014, Apple Pay enables customers to pay an in-app and contactless payment. Customers can save their debit and credit card details into their Apple Pay wallet and can make payments by using Face ID or by scanning their fingerprints with Apple’s Touch ID.

Apple Pay is supported on Apple Watch, iPad, Mac, iPhone, and other Apple devices. The payment method enables users to make payments in iOS apps, in person, and on the web. The platform has digitized and replaced debit and credit card chip and PIN transactions. It has promoted contactless capable point-of-sale terminals.

Different Payment Gateways Supported by SwissPayout

There are lots of local payment methods in Switzerland. Besides international payment methods such as credit cards like American Express, MasterCard, and other different e-wallets are used. These payment methods include TWINT, PostFinance, Reka, etc. Also, RatenKauf and WIR Pay over Swiss billing are used quite often by customers to make payments.

The payment methods list includes the most popular payment gateways. All the payment methods can be accepted with SwissPayout. The company has integrated all the Swiss payment gateways into the platform to make it easier for customers to pay faster and securely. These include:

• PayPal
• Mastercard
• Apple Pay
• SOFORT
• Visa
• Paysafecard
• American Express
• KLARNA
• Alipay
• WeChat Pay

SwissPayout accepts the majority of currencies and payment methods that help customers to settle payments without hassle. SwissPayout is an all-in-one payment app that makes the payment process secure and faster for you.