# Alternative Payment Method

> Alternative Payment Methods (APMs) refer to any way of paying for goods or services that does not involve a major card network like Visa or Mastercard.

- **URL**: https://dodopayments.com/glossary/alternative-payment-method

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## What is Alternative Payment Method?

Alternative Payment Methods (APMs) refer to any way of paying for goods or services that does not involve a major card network like Visa or Mastercard. This category includes digital wallets, bank transfers, and buy now pay later services.

### Why It Matters

- Increases conversion rates by offering local payment preferences

- Reaches customers who do not have access to traditional credit cards

- Reduces transaction costs compared to standard card processing fees

- Enhances the checkout experience by providing more flexibility and choice

## Learn More

- [How to accept online payments globally](https://dodopayments.com/blogs/how-to-accept-online-payments)
- [Best payment methods for SaaS businesses](https://dodopayments.com/blogs/best-payment-methods-for-saas)
- [Payment gateway comparison for modern SaaS](https://dodopayments.com/blogs/payment-gateway-comparison)