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How to meet all customers where they are? Omnichannel Payments

Blog post from Basis Theory

Post Details
Company
Date Published
Author
Basis Theory
Word Count
882
Company Posts That Month
7
Language
English
Hacker News Points
-
Post removed?
No
Summary

Omnichannel payments aim to provide customers with a consistent, low-friction checkout experience across physical stores, websites, mobile apps, telephone orders, QR codes, and messaging channels. As consumers increasingly expect recognition and reusable payment methods regardless of where they shop, inconsistent experiences can reduce conversions, with many customers willing to switch merchants or pay more for easier checkout. For merchants, unifying payment activity can improve customer data, support targeted upselling and cross-selling, and increase lifetime value through stored payment details. However, implementation requires securely sharing payment information across systems, supporting channel-specific preferences such as digital wallets or cards, maintaining multiple payment service providers, and using backend decisioning to route transactions effectively. A programmable payment vault can serve as a central secure repository for customer data, helping merchants avoid building their own high-level PCI-compliant storage while retaining flexibility to choose payment partners based on cost and transaction needs.

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