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Where Payment Processing Systems Are Headed In 2020

RTP blog

market for payment systems is complex. We have over 21 million businesses, and every one of them needs some form of a payment processing solution. Payment processing is complex. However, payment technology is perhaps the best it’s ever been. However, payment technology is perhaps the best it’s ever been.

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Consumers and Merchants Should Look Before They Leap into BNPL Services

Retail TouchPoints

The economic fallout from the COVID-19 pandemic accelerated demand for buy now, pay later (BNPL) payment options. Research by The Ascent showed that among people who have used a BNPL service, 45% first did so in 2019, 21% first did so in 2020, and only 7% had used a BNPL service prior to 2015. billion, according to IBISWorld.

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WePay Review for 2019: Is This the Right Option for Merchants?

Ecommerce Platforms

Looking for a simple solution for building a payment processing platform? Unfortunately, that doesn't necessarily mean that merchants don't have challenges to face. Unfortunately, that doesn't necessarily mean that merchants don't have challenges to face. Aren't we all? WePay Review: Introduction and Features.

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How Streamlining Digital Checkout Boosted Polywood Conversions Nearly 50%

Retail TouchPoints

In 2017, Polywood had a great product sustainability story (its outdoor furniture is made from 100% recycled plastic and comes with a 20-year guarantee) and a solid launching pad for direct-to-consumer sales (a 27 -year history of selling through big box, home improvement and specialty patio stores). It was an involved, intense process.

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How to overcome two of the most common online payment issues

GetElastic

But as an ecommerce merchant, there is a lot of nuance to running a successful online store that brings in revenue. Here are two of the most common online payment challenges and how you can overcome them. This seemingly small change to Battery Pete’s mobile checkout process had a sizable impact. The most important thing?

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Amazon one-click checkout patent has expired. Should merchants use it?

GetElastic

It’s approaching two years since Amazon’s patented one-click checkout feature expired on September 11, 2017, granting license-and-lawsuit free use for online merchants. The action authorizes a purchase, pulling the customer’s on-file payment information and shipping address. Why one-click might not stick. Your commerce platform.

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How adding services to your products can propel your company growth?

GetElastic

As Gartner aims to prepare application leaders for the accelerated shift towards digital, they predict that, “ By 2024, leading commerce organizations will generate 10% of online revenue from services attached to physical products.”. Payment services. 56% of millennials rate convenience highly when shopping online.