Korona

MARCH 30, 2022

The payment industry has been anticipating drastic changes to its standards for several years now. These changes to the Payment Card Industry Data Security Standard (PCI DSS) are finally being implemented in the first half of 2022. This post aims to cover what PCI compliance entails, what the PCI DSS v4.0 replaced 3.1

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Retail TouchPoints

SEPTEMBER 12, 2023

Photo courtesy of TikTok Shop While the ecommerce functionality has been available to at least some users since late last year, today marks the service’s debut to the wider TikTok community, and to say that both consumers and brands have been eagerly anticipating this development might be an understatement. in November 2022.

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Merchant Services Payment Services Multi-channel Shopify 237

Retail TouchPoints

FEBRUARY 13, 2023

According to one report , the total cost of ecommerce fraud to merchants will exceed $48 billion globally in 2023, from just over $41 billion in 2022. Digital payments misuse accounted for 21% of the total number of fraudulent transactions. Consider for example a payment via an app such as PayPal, Venmo, Apple Pay or Samsung.

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Merchant Services Payment Services Technology eCommerce 247

ESW

DECEMBER 4, 2023

The partnership gives ecommerce brands built on Shopware access to ESW’s suite of solutions to enable all aspects of DTC cross-border expansion, including compliance, data security, fraud protection, taxes and tariffs to checkout, delivery, returns, customer service and demand generation, in as little as four weeks.

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Merchant Services Payment Services Technology Shipping Costs 88

Retail TouchPoints

OCTOBER 6, 2022

Rather than being limited to a jam-packed four to five weeks from Black Friday to Christmas Eve, consumers are beginning their shopping as early as October (with a few doing so even earlier than that). Mastercard Spending Data Reveals 4 Key Takeaways for Holiday 2022. Following are recaps of some of the most pertinent presentations.

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Shipping Costs Payment Services Merchant Services Payments 238

Retail TouchPoints

AUGUST 15, 2023

Prime Visa and Amazon Visa cardmembers can now make equal monthly payments for items they purchase on tens of thousands of participating online retail sites when they use Amazon Pay. Consumers will be able to split payments across six or 12 months at 0% APR on purchases of $50 or more. billion in 2022 to $155.79

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Merchant Services Payment Services Online Retail eCommerce 177

ESW

JUNE 6, 2023

The payments landscape has evolved quickly from physical payments such as cash and credit cards to digital payments like Google Pay, PayPal, bank transfers and more. Here’s how multiple ecommerce payment options can benefit brands, how to choose the right payments and the various payments favoured by today’s consumers.

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Retail TouchPoints

MARCH 29, 2023

Apple has begun the pre-release of its new Pay Later offering, which was first announced at the company’s developers’ conference in June 2022. Pay Later — which will let users split purchases into four payments spread over six weeks with no interest and no fees — is now available for some randomly selected Apple Wallet users in the U.S.,

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Merchant Services Payments Payment Services PayPal 268

Retail TouchPoints

APRIL 18, 2023

Today’s consumers move across digital, physical and social platforms with ease, switching from browsing, researching and buying in seconds. As shopping journeys become increasingly complex, it’s harder for brands to put themselves in front of their consumers at exactly the right moment. Shopping is everywhere.

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Merchant Services Payment Services Social Media Retail 242

Retail TouchPoints

OCTOBER 19, 2022

As economic pressures and living costs surge, more people than ever are considering using point-of-service (POS) finance — such as buy now, pay later and installment loans — to manage their cashflow. It’s clear that there is a consumer-driven need for more flexible finance and smarter buying power. .

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POS Merchant Services Payment Services Payments 204

FastSpring

JANUARY 29, 2020

Between new legislation going into effect and shifting consumer preferences, the ecommerce landscape is anything but stagnant. Want to learn more about the five ecommerce payment trends shaping 2020? Push for smarter payment processing. A push for smarter payment processing. Keep reading to find out more.

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Payment Services Merchant Services Payments eCommerce 85

365 Retail

NOVEMBER 25, 2022

UK online retail businesses could increase their gross sales by up to £200 million during the 2022 Black Friday weekend (25th – 28th November) if failed payments are avoided, according to the latest analysis by BR-DGE ’s failed payments calculator. Over the course of the Black Friday weekend, 8.4%

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Merchant Services Payment Services Online Retail eCommerce 98

ESW

NOVEMBER 16, 2023

Specialization enables ESW to expand its reach in unlocking global direct-to-consumer ecommerce growth for merchants New York, NY—November 16, 2023—ESW, a global direct-to-consumer (DTC) ecommerce company, today announced it is now a Gold Partner in Adobe’s Technology Partner Program.

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Merchant Services Technology Payment Services Payments 88

Ecommerce Platforms

JANUARY 24, 2022

In fact, as many as 60% have used such a service, with some consumers using ‘buy now, pay later' options more than once a week. . As its name implies, BNPL apps enable consumers to purchase a product and then pay for it in installments (usually across a few weeks or months). So what is this new trend? About Sezzle.

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Merchant Services Payment Services Food and Beverages Shipping Costs 104

Korona

MARCH 28, 2022

Whether you buy into its viability in 2022 or not, it’s becoming clearer every day that crypto is here to stay. Major brands such as Home Depot and Microsoft have begun accepting crypto as part of their eCommerce payment options. Also, processors like Paypal now have crypto gateways accepting many different coins.

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Retail TouchPoints

AUGUST 7, 2023

A few days before reporting Q2 earnings, Wish also announced plans to cut approximately 34% of its workforce, or about 255 employees, in order to “refocus the company’s operations.” Temu also operates as a manufacturer-to-consumer marketplace and offers a wide range of merchandise, from homewares to apparel.

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Shipping Costs Merchant Services Payment Services Shipping 200

Retail TouchPoints

SEPTEMBER 28, 2022

Since the beginning of the pandemic, interest in buy now, pay later (BNPL) services has grown rapidly. The global behemoth will go live with Apple Pay Later alongside the release of iOS 16 in September 2022. This service will allow U.S. BNPL is More Than a Payment Method. But could this all come crashing down?

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Merchant Services Payment Services Shipping Costs Banking 182

FastSpring

JANUARY 25, 2019

Between new legislation going into effect and shifting consumer preferences, the ecommerce landscape is anything but stagnant. Want to learn more about the 5 ecommerce payments trends shaping 2019? A push for smarter payment processing. Businesses around the globe will look to simplify their payment tech stack.

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Payment Services Merchant Services Payments eCommerce 62

RetailMinded

APRIL 3, 2022

A new study revealed: Social media marketing (32%), e-commerce software (31%), email marketing (29%), retail operations (26%) and online payments (24%) score highly. 63% of US brands plan to increase investment in retail software in 2022. Only 1% will decrease their investment.

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Merchant Services eCommerce Banking Technology 83

Retail TouchPoints

JULY 20, 2022

With consumers feeling increasingly worried about missing and damaged packages, SMB retailers that adopt personalization methods — from real-time package tracking and multiple delivery options to an omnichannel ecommerce approach — can improve both their bottom line and provide peace of mind for consumers.

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Shipping Costs Shipping Merchant Services Payment Services 298

365 Retail

OCTOBER 11, 2022

A new study from FIS ® (NYSE: FIS), shows how the shopping preferences of younger UK consumers have shifted as adoption of embedded finance services reaches mainstream usage among Millennials and Gen Zs, while their older counterparts are less engaged with newer, digitally-oriented financial experiences.

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Merchant Services Payments Payment Services Social Media 98

Retail TouchPoints

OCTOBER 4, 2023

Whether it was inspiration from this “summer of sport” or keeping up with the ever-changing weather, the increasing unpredictability of consumers’ shopping habits was on display this summer. The cost-of-living crisis is undoubtedly driving buying decisions, so simplifying the consumer journey is essential for closing the sale.

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Retail TouchPoints

NOVEMBER 13, 2023

However, consumers are still spending, the labor market remains tight, and the Adobe Digital Price Index recently posted an overall 40-month low, an encouraging sign for online shoppers: Adobe reported that online prices fell for 11 out of 18 tracked product categories on an annual basis. But there are possible headwinds on the horizon.

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Algopix

SEPTEMBER 19, 2022

It’s already 2022. Then, and only then, will you address the problems in your checkout process to boost your sales. This page will tackle the top reasons for shopping cart abandonment in 2022. But while they begin the checkout process, they soon drop out of the checkout flow. What You Need To Know About Cart Abandonment.

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Shopping Carts Merchant Services Payment Services Shipping Costs 78

Algopix

MARCH 8, 2022

During the height of the COVID-19 pandemic, consumers were forced to shift their spending online. Now, even as federal, state, and local governments are lifting COVID-related restrictions, most consumers are still not planning to return to their old ways of shopping. The Growth of Online Marketplaces.

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Merchant Services Payment Services Consumer B2C 78

365 Retail

OCTOBER 18, 2023

The study shows that 30% of British adults have used the BNPL service for at least one payment over the 12 months ending in August 2023. Notably, the service has found significant traction among Millennials and Gen X, with 41% and 36% usage rates respectively.

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Merchant Services Payment Services Banking Supplies 63

Ecommerce Platforms

JANUARY 12, 2022

Millions of merchants use it every day. The aim is to explain the details behind the hype, while also providing you with information about the platform that so many merchants have entrusted with their entire businesses. Total value of transactions processed through Shopify stores leapt to $79.5 You know Shopify is a big deal.

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Payments Shopify Merchant Services Payment Services 104

FastSpring

OCTOBER 25, 2023

FastSpring serves as a merchant of record for over 3500 companies that use our platform every day to sell digital products globally. Are you looking for a merchant of record to help you grow your business internationally? And does it improve B2B sales too, or is it more just a B2C advantage? How FastSpring can help.

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Merchant Services Payment Services Payments B2C 157

Groove

OCTOBER 7, 2022

Types of Subscription Programs Replenishment The replenishment subscription model is most commonly applied to everyday consumable goods that customers need on a recurring basis. According to Recharge’s State of Subscription Commerce Report , it was found that 32% of merchants use a Shopify subscriptions app chose this model.

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Retail TouchPoints

JANUARY 3, 2023

2022 saw the fastest pace for inflation in decades. As consumers faced higher prices at the gas pump, grocery stores and other places, many cut back on their spending, increasing the competition among retailers. This was especially evident on Black Friday, when many merchants offered steep markdowns to compete.

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Payment Services Merchant Services Retail Gifts 286

lateshipment

AUGUST 17, 2023

Recent research shows that the e-commerce return rate, which was 16% in 2022, now falls around somewhere between 20-30%. 92% of shoppers say they will buy again if the return process is easy. 92% of shoppers say they will buy again if the return process is easy. But we can’t blame them for it.

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Management eCommerce Payment Services Merchant Services 130

Ecommerce Platforms

MARCH 8, 2023

It provides users with a variety of themes they can customize to suit their specific selling and branding needs, and comes with all the payment processing solutions you need to sell both physical and digital goods. for in-person payments. for in-person payments. For the Basic plan, transaction fees start at 2.9%

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Shopify eCommerce Platforms Payment Services Merchant Services 104

GetElastic

NOVEMBER 23, 2021

Ongoing supply chain issues, continued disruption from the pandemic, worker shortages and consumer habits that have changed forever have forced ecommerce brands to operate in new ways in 2021. According to McKinsey , 75% of consumers have tried a new shopping behavior since the pandemic began.

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Payment Services Merchant Services eCommerce Payments 148

Retail TouchPoints

JANUARY 12, 2024

Source: Statista This forecast highlights the tremendous potential and increasing influence of social media platforms as key drivers of consumer purchasing behavior. Throughout 2022 and 2023, Facebook continued to maintain its prominent position as the leading social advertising platform across all ecommerce sectors.

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Kibo

JULY 21, 2022

But while consumers continue to embrace social commerce (global sales on social platforms are expected to reach $1.2 trillion by 2025), consumer adoption of social commerce faces a big problem—trust. As with Facebook, merchants create an Instagram shop (e.g., Products can be tagged within Stories and posts.

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Merchant Services Payment Services Social Media Retail 93

Groove

OCTOBER 7, 2022

The replenishment subscription model is most commonly applied to everyday consumable goods that customers need on a recurring basis. According to Recharge’s State of Subscription Commerce Report , it was found that 32% of merchants that offer subscriptions chose this model. Types of Subscription Programs. Replenishment.

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Subscription Shopify Merchant Services Shipping Costs 195

Ecommerce Platforms

FEBRUARY 9, 2023

We’re beyond excited about the launch of Shopify POS Go, for both merchants and consumers. Shopify POS Go was launched in September 2022, but it was also announced during Shopify Editions 2023 Winter (along with a myriad of other new products and feature updates). The software and hardware is good to go right out of the box.

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