Mike Carlo, business development manager for Global Collect, said up to 56 per cent of online shoppers don't have a credit card. Also, payment habits differ depending on the culture. For example, Europeans use a different mix of payments than those in Asia. Carlo said that if a hotel accepted only one method of payment, its conversion rate will be about 60 per cent. But that conversion rate rises to 82 per cent if the hotel uses four or more payment methods, including regional credit cards, bank transfer, direct debit, e-wallets, cash and cheques.
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