Online payment fraud losses to exceed $206 billion over the next five years; driven by identity fraud

Retail Technology Review

A new study from Juniper Research has found that merchant losses to online payment fraud will exceed $206 billion cumulatively for the period between 2021 and 2025. This figure, equivalent to almost 10 times Amazon’s net income in the 2020 financial year, demonstrates why merchants must make combatting fraud, through the use of machine learning-based fraud prevention platforms, an immediate priority.

Merchants Online: Which Ecommerce Merchant Account Is Best?

BigCommerce

Having the right ecommerce merchantPaymentsOnline success is dependent on conversion — and what’s one key element to customers converting?

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Best Merchant Services

Neil Patel

Merchant services exist to help businesses process credit card payments. Regardless of what you call them, choosing the best merchant service isn’t easy. The Top 6 Merchant Services: Square Flagship Merchant Services Helcim Payment Depot Fattmerchant Stripe.

Best Payment Gateways For UK Businesses (2021)

Ecommerce Platforms

If you're a UK entrepreneur who's laying the groundwork for their online business, you may have already started researching payment gateway providers. This begs the question: what are the best payment gateways for UK businesses? Shopify Payments. Deferred payments.

What Merchants Want From Their Payments Provider

Forrester Digital Transformation

As part of the latest Forrester Wave evaluation of the merchant payment provider market, we spoke with 23 customer references (i.e., merchants like retailers and brands) about their experiences with their current payment provider.

Workflow Automation Software for eCommerce Merchants

Groove

Workflow automation software is a marketing tool or CRM that lets merchants set up a single task or a series of tasks that run on their own. The logic used is typically rule-based, meaning that the merchant sets certain rules based on whether a contact does or does not do something.

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

BigCommerce

This is particularly because many of us maintain large numbers of (supposedly secure) personal online profiles that afford us a convenient way to deal with recurring monthly or annual payments. How can we be sure that these online service providers, who so readily accept and retain our credit card information, are taking the appropriate measures to secure it? The SSC defines and manages the standards, while compliance to them is enforced by the credit card companies themselves.

The Quick Guide To Google Merchant Center Programs

Store Growers

Advertisers use Google Merchant Center to connect their product feed to Google Ads. But Google Merchant Center offers a ton of other features on top of that. These extra features are called Google Merchant Center programs. What are Google Merchant Center Programs?

POS Systems vs. Merchant Services: What’s the Difference?

Korona

If you’re on the hunt for a point of sale provider, chances are you have heard terms like payment gateway, merchant account providers, merchant acquirer, merchant services, and many more. What does “merchant services” mean?

Braintree Payments Reviews (Nov 2020) – Everything You Need to Know

Ecommerce Platforms

Here we look briefly at Chicago-based Braintree Payments, highlighting some of the features a merchant might consider when picking a payment processor. Braintree currently offers two ways for merchants to use its services. Full range of payment types.

January Product Update: PSD2 Compliance, Live Quotes for Sales, and Faster Onboarding

FastSpring

Some of the updates to our platform include faster seller onboarding, support for more languages, and a play-by-play rundown of how we’ve made PSD2 compliance effortless for our sellers. Made PSD2 Compliance Easy for Global Sellers. Self-Service and Documentation Updates.

SaaS Payment Processing: 10 Questions to Ask When Comparing Solutions

FastSpring

What makes a company choose one SaaS payment processing provider over another? But we wanted to hear directly from technical founders and software developers about what you look for in a SaaS payment processing service. Processing payments is inherently complicated.

Merchants adapt check-out process to thwart cart abandonment

Retail Dive

Merchants are giving online customers a broader menu of payment options in the hopes of keeping customers through to completion of a purchase

How Inventory Automation Benefits eCommerce Merchants

Groove

Inventory automation enables eCommerce merchants to create a frictionless back end experience for employees and front end experience for customers. It doesn’t only occur with merchants selling perishables, though. What Is Inventory Automation?

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What is a Merchant Acquirer?

Korona

A merchant acquirer, also known as acquiring bank (or simply an acquirer), is a banking institution that processes credit or debit cards on behalf of a merchant or business. On the other hand, the merchant is the seller. Merchants are also commonly known as retailers. .

The Ecommerce Payment Processing Guide: The Key to More Conversions

Omnisend

Choosing an ecommerce payment processing solution is one of the essential tasks when launching a store. Finding a suitable payment solution isn’t the only important step that store owners need to do before launching their ecommerce store, of course—but it might be the most important.

Wix Payments Review – How Does Wix Payments Work

Ecommerce Platforms

If you're a Wix user (or you're thinking about becoming one), listen up because you might be interested to know that Wix.com boasts its own payment provider: Wix Payments. What's Wix Payments? As we've just said in the intro, Wix Payments is Wix ’s own payment provider.

What are the Differences Between Merchant Accounts and Payment Service Providers?

Fabric Blog

E-commerce merchant accounts and payment service providers (PSP) give online merchants the ability to process digital transactions. While both allow you to accept electronic payments, there are some important differences between the two.

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What are the Differences Between Merchant Accounts and Payment Service Providers?

Fabric Blog

E-commerce merchant accounts and payment service providers (PSP) give online merchants the ability to process digital transactions. While both allow you to accept electronic payments, there are some important differences between the two.

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PayPal to increase merchant fees in August

Retail Dive

transaction fees despite a crowd of competitors angling to lure merchants and consumers to alternative payment services The company is raising some U.S.

MoR Partnerships: 5 Ways a Merchant of Record Helps Streamline Online Payments

Scalefast

However, managing payments is so essential that large eCommerce brands typically outsource these financial, regulatory and chargeback concerns to a Merchant of Record (MoR). Control and Reduce Total Cost of Payment Taking online payments is becoming increasingly complicated.

The Best Payment Gateways for Shopify: 10 Options for 2021

Ecommerce Platforms

The best payment gateway for Shopify is the solution which allows business owners to sell products and services online. However, it’s still up to you to make sure you can process transactions safely and quickly with potential customers. Best Payment Gateways for Shopify: Square.

Merchants say they're losing revenue to online fraud, FIS finds

Retail Dive

Six in ten merchants globally reported higher rates of e-commerce fraud in 2020 and struggle to cope with rising payments fraud, an FIS report indicates

PCI Compliance: 4 Tips For Retailers Who Run Mainframes

Retail TouchPoints

As many as 23 of the world’s top 25 retailers use the mainframe to make sure they can provide their customers with the personalized service today’s consumer craves. z13 is capable of processing 2.5 Retail transactions — often involving credit cards — require secure processing. of the world’s credit card transactions are processed on the platform. Worse still, there are merchants who don’t even know they need to engage with PCI DSS.

FAQs on Payment Card Industry (PCI) compliance and the 4 steps to ensure ecommerce complaisance

GetElastic

With the increase of consumer online shopping and less cash payments, the importance for businesses to choose the right payment processing solution cannot be overemphasized. Before investing in any of the available payment processing solutions that promise to make it easy for customers to make online payments, it’s crucial to be familiar with the Payment Card Industry Data Security Standard (PCI DSS) compliance. Commerce payments

Calming the Storm: How Merchants can Take Advantage of the Volatility of Life by Embracing Multi-Dimensional Commerce

Retail Touch

As the retail industry starts to return to normal in 2022, merchants around the world continue to respond to changing consumer behavior by embracing adaptability with open arms, in addition to being increasingly open to new technologies as part of their long-term strategies.

Calming the Storm: How Merchants can Take Advantage of the Volatility of Life by Embracing Multi-Dimensional Commerce

Retail Touch

As the retail industry starts to return to normal in 2022, merchants around the world continue to respond to changing consumer behavior by embracing adaptability with open arms, in addition to being increasingly open to new technologies as part of their long-term strategies.

Google Merchant Center Account Suspended? Here Is How to Fix It

Store Growers

Having your Google Merchant Center account suspended can be a death sentence for your business. Because if you can’t use Merchant Center, it also means you won’t be able to use Google Shopping. Why Your Google Merchant Center Account Got Suspended. Last Updated on April 1, 2022.

Where Payment Processing Systems Are Headed In 2020

Retail TouchPoints

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. their payments.

Cryptocurrencies are the Future of Payments: Here is How Merchants Fit In

Retail Touch

With banks and credit card companies warming up to the idea of Bitcoin trading and crypto rewards on card transactions, are they really extending the benefits of crypto to merchants, or is this just a play to get consumers to buy into a shiny new card that looks different but acts very much the same?

Weaponized Bots And The Risk To Merchants

Retail TouchPoints

Attempts to defraud apparel web sites were up nearly 70% in 2016, and attacks on food delivery sites jumped 49.8%, according to research by Forter and the Merchant Research Council. Hoarding, or inventory exhaustion is a DoS (Denial of Service) attack that directly sabotages a retailer’s revenue generation. By Omri Iluz, PerimeterX Online bot attacks are growing rapidly.

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Importance Of E Commerce Cyber Security For Merchants

Ecommerce Guru

Merchants, restaurants, and service providers were forced to close their brick-and-mortar stores. The post Importance Of E Commerce Cyber Security For Merchants appeared first on Ecommerce Guru. The COVID-19 pandemic has shattered people’s lives in many ways.

Square vs PayPal (Dec 2019): Clash of the Payment Processing Titans

Ecommerce Platforms

Whether you’re searching for an offline card reader, a way to take credit card payments online , or a POS app, you’ve probably come across both PayPal and Square in the past. Both Square and PayPal are incredibly popular tools for merchants and business owners. Mobile payment support.

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Shippo Review: A Pliable Shipping Solution For SMB Merchants

Ecommerce Platforms

Shippo Review: An Easy-to-use Shipping Solution for SMB Merchants. No matter how weighty the shipping demands are, a merchant needs a pristine solution to work with. More precisely, one which automates nearly each fulfillment process. This means that a merchant can easily compare the rates from each carrier solution. To enhance the value of service delivery and customer satisfaction, Shippo works with big carrier partners such as: DHL.

The Hidden Challenges of Proper PCI Compliance

FastSpring

As the online shopping trend continues to grow, it shouldn’t come as a surprise to hear that more customers are taking a greater interest in how merchants handle their payment information. Understanding the basics of Payment Card Industry Standards is fairly straightforward, but maintaining full compliance can be challenging. Shoppers complete their transactions on your site because they trust that your online store is securely handling their payment information.

Best Payment Gateway for WooCommerce (Jan 2021): Which Ones Are Superior?

Ecommerce Platforms

If you decide that WooCommerce is your best bet (for its excellent functionality and superior content creation tools,) you'll want to look for the best payment gateway for WooCommerce. It's no easy task, considering there are hundreds, if not thousands, of payment gateways to choose from.

Top Payment Gateway Providers

GetElastic

Your chosen payment isn’t accepted and no matter what you do, you keep getting an error. A key element of this experience is powered by digital commerce payment vendors and a key aspect of payment vendors are payment gateways. What is a Digital Commerce Payment Vendor?

What is a Merchant of Record?

FastSpring

A merchant of record (MOR) is an entity that is authorized, and held liable, by a financial institution to process consumer’s credit card and debit transactions on your behalf. Not only does the MOR accept payments , but it also ensures your business is compliant with tax laws (local and global) and maintains relationships with financial institutions. If you sell your products online, a MOR allows you to accept debit and credit card payments. Let’s jump right in.

Best Recurring Payment Systems (Oct 2020)

Ecommerce Platforms

Whether you're launching a subscription-based product or service, setting up customer payment plans, or conducting ongoing work for your clients, you'll want the best recurring payment system for your budget. Processing automated payments via credit card is also free.

Alibaba vs AliExpress: How They Compare for Merchants and Consumers

Ecommerce Platforms

In addition, Amazon serves as a marketplace for smaller merchants to sell items directly to consumers, similar to that of eBay or even the Walmart website. Alibaba states that the actual Alibaba.com website is a place for merchants to buy wholesale products from some of the best Chinese suppliers. In addition, merchants might consider creating a completely new invention and speaking to an Alibaba manufacturer to get a prototype and mass production started.

The PYMNTS Cross-Border Merchant Friction Index 2020

FastSpring

One of the most significant causes of abandoned digital product purchases is friction within the checkout process. That is why we would like to introduce the PYMNTS Cross-Border Merchant Friction Index, a resource analyzing the key friction points experienced by the global consumer.

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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. If you want to get the payments you need each month from your consumers, then you're going to need the right payment processing system. Launched as an alternative to the standard options like Stripe and PayPal in 2008, WePay was designed to give merchants something different.

Consumers and Merchants Should Look Before They Leap into BNPL Services

Retail Touch

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.