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Buy Now, Pay Later: Does it Work for your Online Retail Business?

Retail TouchPoints

Humans have been dynamically evolving the concept of loans and credit in commerce for hundreds of years — culminating in the explosion of consumer credit cards in the 20th century. consumers have now used a buy now pay later (BNPL) service. . consumers have now used a buy now pay later (BNPL) service. .

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Everything You Need to Know About Bitcoin and Blockchain in Ecommerce

Ecommerce Platforms

When it comes to payment processors in ecommerce sites, the talk used to be about credit cards, PayPal, COD (cash on delivery), et al. Local currencies couldn’t be converted to bitcoin easily and, as a result, no retailer would even think of accepting bitcoins as payment. The process takes just a few seconds.

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Don’t be Fooled, Meta isn’t Abandoning Social Commerce — and Here’s Why

Retail TouchPoints

This growth will be driven not just by an increase in new social commerce buyers but also by an increase in the average spend per user, with Insider Intelligence predicting that more than 114 million consumers will spend an average of nearly $1,000 a year on social purchases by 2025. Much of it appears to be funneling into TikTok and Amazon.

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Retailers Can Boost Revenue With Customized Financing Plans

RTP blog

Always on the lookout for ways to boost sales, retailers are building partnerships with banks to offer direct-to-consumer loans. They free up cash flow and relieve the considerable time and administrative burden that happens when merchants provide their own in-house financing options. People want what you’re selling.

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A Quick Guide to Automated Billing

FastSpring

We all signed up for streaming services. It’s called automated billing, and it’s changing the way we do business. Not only are subscriptions and automated billing services more convenient for our customers, but it also gives our businesses stability through recurring revenue.

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Why Cross Border Ecommerce is the Future of Ecommerce

Ecommerce Platforms

Conversational ecommerce is seen as a potential use case for customer service which involves the usage of technology to help with communication. Thus picking a good payment service that is aware of local customer behavior is critical. percent from 2014 to 2020) according to Accenture. What is cross border ecommerce.

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Everything You Need to Know About Achieving PCI Compliance [Checklist Included]

BigCommerce

If you’ve been contacted by your bank or financial institution lately only to discover that your credit card information has been compromised, then you’ve felt the growing frustration many consumers face today. 56 million card numbers from Home Depot in 2014. In total, PCI DSS outlines 12 requirements for compliance.