Choose two methods of payments and provide three advantages and disadvantages of each method in terms of selling to AND engaging new international customers. How can you market your use of different...

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Choose two methods of payments and provide three advantages and disadvantages of each method in terms of selling to AND engaging new international customers. How can you market your use of different payment methods?
Answered 1 days AfterApr 04, 2022

Solution

Ananya answered on Apr 05 2022
15 Votes
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Title: Marketing Management
Contents
Methods of Payments    3
Advantages and Disadvantages    3
Marketing Strategies    4
Works Cited    5
Methods of Payments
Two methods of payment are bank transfers and mobile payments through mobile wallets or mobile links.
Advantages and Disadvantages
The advantages of bank transfer in terms of selling to and engaging new international customers are, it is safe and secure, this payment method is customer-friendly worldwide, and there are no chances of transaction revelations. According to Pavlovska, such transactions are convenient to the buyers and increase the chance of sale. Customer friendly payment methods help in increasing the business.
The disadvantages of bank transfer in terms of selling to and engaging new international customers are, it often faces technical problems, which affects the payment in urgency, the payment once made cannot be transacted back in the account, and the system often faces a security problem, which has a high chance of hacking. As mentioned by Di Porto and Ghidini, the data can be accessed from both the receivers and senders end which questions about the security of the system. Such disadvantages are always a part of the digital methods of payments.
The advantages of mobile payments in terms of selling to and engaging new international customers...
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