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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.

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The Best Payment Processing Companies in 2023

Ecommerce Platforms

There are a huge range of payment processing brands out there, all offering tools to help make your organization a money-making entity. Today, we’re going to cover some of the most popular payment processing companies, and what makes them so compelling for business owners.

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Best Merchant Services

Kissmetrics

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.

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What Merchants Want From Their Payments Provider

Forrester eCommerce

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.

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Merchant Payment Processing: Champion/Challenger Models Make Vendors Earn Their Volume

Forrester eCommerce

For our latest evaluation in the merchant payment provider space, Forrester identified 11 leading vendors - learn more about our findings. Age of the Customer omnichannel customer experience Payments vendor selection

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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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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.

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Top 10 International Payment Gateways: An In-Depth Guide

FastSpring

Many companies that expand globally reach a point where they can’t properly support their international customers with their current payment platform. An international payment gateway can help with some of these issues, but it’s only one piece of the puzzle. Payment Processor Rerouting.

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Merchant Payment Providers: Key Takeaways From The Forrester Wave (Q3 2020)

Forrester eCommerce

For our latest evaluation in the merchant payment provider space, Forrester identified ten leading vendors and spent the last four months analyzing their offering via a combination of briefings, demos, capability assessments and customer reference checks.

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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.

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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.

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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.

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Merchants frustrated with fees, tech issues

RetailDive

Inflation-weary business owners are less satisfied with their merchant service providers this year, a J.D. Power survey showed

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The Complete Guide to Google Merchant Center Promotions

Store Growers

The Google Merchant Center Promotions program allows you to do exactly that. What are Google Merchant Center Promotions? Merchant Promotions is a Google Merchant Center program that lets online advertisers show their promotions in their Shopping Ads.

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Predictions 2023: Payments Players Focus On Fundamentals

Forrester eCommerce

Payments will once again be top of mind for fintechs, merchants, and consumers — but for reasons different from those of the past three years. Age of the Customer financial services fintech Payments predictions

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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.

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How This B2B Merchant Tripled  Revenue With BigCommerce

Groove

The Challenge: Ballard Industrial is an online and in-person business that offers industrial supplies, services, and solutions both to businesses and directly to consumers. B2B Requirements: NET30 Payments: On the previous Ballard Industrial site, customers could place orders online.

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Amazon launches cash advance program for merchants

RetailDive

Sellers can access capital from $500 up to $10 million, while payment is based on a fixed percentage of their gross merchandise sales

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Merchants adapt check-out process to thwart cart abandonment

RetailDive

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

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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.

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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.

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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.

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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.

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How To Connect Your Shopify Store To Google Merchant Center

Store Growers

And that journey starts with connecting your Shopify store to Google Merchant Center. What is Google Merchant Center? Google Merchant Center is a free tool by Google that lets you manage the connection to your ecommerce platform to connect all of your products data to Google’s systems.

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Top 4 Options To Get Google Merchant Center Support (2023)

Store Growers

Before you can get started with Google Shopping you have to get Google Merchant Center running smoothly. So in this article, we’ll lay out the top 4 ways to get Google Merchant Center support. The 4 Different Types of Google Merchant Center Support. Self-service Googling.

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Shopify Debuts Creator Marketplace to Connect Influencers with Merchants

Retail TouchPoints

Shopify has launched a new platform called Shopify Collabs that makes it easier for creators to find and partner with Shopify merchants looking for marketing support. Shopify Collabs is now available to all merchants in the U.S.

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How to Accept Payments Online in 2023

Ecommerce Platforms

Accepting a payment online is easier than ever before. Whether you’re a retail shop with a simple website, or a startup ecommerce store interested in accepting online transactions, there’s always room to expand your business with help from online payment processing.

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International Recurring Payments (How We Handle It for You)

FastSpring

While this may sound simple, there’s a plethora of factors to consider to achieve those three goals including: Currency conversion rates Preferred payment types Payment processing Tax collection and remittance for each country, state, territory, etc. Preferred Payment Methods.

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PayPal to increase merchant fees in August

RetailDive

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

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SheerID partners with commercetools to Provide The First Headless Audience Verification Service to Merchants

SheerID

SheerID partners with commercetools to Provide The First Headless Audience Verification Service to Merchants. 2023 Q1 Blog Customer Acquisition Personalized Offers Press Releases TOFU

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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

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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.

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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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SaaS Companies: Four Signs You’ve Outgrown Stripe

FastSpring

When you’re using a DIY payment solution like Stripe, making it work for your business falls on your developers. From testing out plugins to setting up new payment methods, maintaining Stripe can be very time-consuming. Most of this process is invisible.

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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?

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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?

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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. .

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

RetailDive

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

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How to Set Up Shipping in Google Merchant Center

Store Growers

When you’re configuring your Google Merchant Center account, one of the essential parts to get right is the shipping settings. Why You Need to Set Up Shipping in Google Merchant Center. How Shipping Settings Work in Google Merchant Center. Last Updated on July 6, 2022.

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PCI Compliance: 4 Tips For Retailers Who Run Mainframes

RTP blog

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.

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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.

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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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