e-Wallets, bank transfers, prepaid cards and mobile payments are all types of alternative payments. The most commonly used are Apple Pay, Google Pay, or PayPal.
They do not require the entering of card details or card security codes. Payment data is stored within a proprietary app which is used to make the payment.
They offer a more secure, and often faster, way for customers to pay over the phone or web as no card data is passed to the merchant. Because payments are authenticated, the risk of fraud or the potential for charge-backs is often reduced.
Read more about payment methods