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Digital Wallets: What’s Good for the Payments Industry is Good for Retailers…Right?

Retail TouchPoints

As the online payments industry continues to evolve, new digital wallet solutions, such as mobile payment apps and e-wallet platforms, are becoming increasingly popular and reshaping the way consumers transact. 4 Pros of Digital Wallets Some of the advantages of digital wallet payment options include: 1.

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Digital Commerce and the Threat of Card-not-present Fraud

BigCommerce

ecommerce platform providers) commissioned by Discover® Global Network, mid-sized merchants with annual revenues of $250 million to $1 billion are seen as the most high-risk targets for fraud over the next 12-24 months. This risk for mid-sized merchants could be caused by two factors. New Payment Methods, New Fraudulent Activity.

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Shining a Light on a Growing Ecommerce Threat: Chargeback Fraud

Retail TouchPoints

Experts report that chargebacks will cost merchants over $100 billion in 2023, and false claims and abuse of the chargeback process are a growing threat to merchants. The hidden expenses of wasted time, expensive fees, penalties or additional losses of goods and services add up. Internet payments mean more purchases.

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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. Square vs PayPal: Fees and Processing Rates. Square Fees.

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Pandemic Shifts Shine a Light on Importance of Modern Point of Sale

RetailMinded

Did you know that point of sale systems date back to 1879 when the first one was invented by American shopkeeper James Ritty. This, as Kamara explains, is a key component to how the pandemic has changed retail and he describes it as “self-service commerce”. Yet inventory demands continued to come through via online orders.

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How a Reactive Omnichannel Strategy can Help you Capitalize on Reactive Buying Trends

Retail TouchPoints

This presents a challenge for retailers, as it’s essential to keep sufficient levels of seasonal stock to avoid missing out entirely, but disregarding other changes, such as the weather, can cause profits to plummet. One BigCommerce merchant saw conversion rates jump from 52.9% after deploying both of these tactics.

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What You Need to Know About Card Not Present Transactions

FastSpring

In today’s high-speed digital world, customers can still make purchases without leaving the comfort of their home or having to have a physical form of payment in hand. We’re sharing everything you need to know about card-not-present transactions, their role in ecommerce, and how they can impact your digital business. billion dollars.