Business · Companies · 9 hrs ago

Merchants weigh account-to-account payments in online checkout

Merchants weigh account-to-account payments in online checkout

Account-to-account, or A2A, payments move money directly between bank accounts.

The discussion focuses on how merchants might offer A2A in online checkouts alongside existing payment methods.

It says open banking is becoming a more established way to pay and A2A payments are gaining importance.

Merchants must weigh payment costs against factors such as successful purchases, customer reach and ease of use.

They also need to consider what consumers prefer.

Maarten Kolenbrander, Visa’s head of B2B and Merchants, discusses the topic with host Krijn Schuurman.

The discussion raises questions about the role A2A should play, but does not give a recommended payment mix.

Sources

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