Ecommerce & the subscription economy

GetElastic

It’s time to start thinking inside the box as more companies are embracing the subscription model. The largest subscription-based players generate more than $2.6B In 2018 , Amazon Subscribe & Save, Dollar Shave Club, Ipsy, Blue Apron and Birchbox were the five most popular subscription ecommerce sites. Some industries have completely converted to a subscription model; Gartner predicts that by 2020, up to 80% of software will be sold as a service.

Subscription Finance: What is ARR?

FastSpring

We’ve all heard how effective subscriptions can be for growing companies. Perhaps one of the biggest benefits of implementing a subscription model is that it allows software companies to avoid the unpredictability of one-time sales by guaranteeing a steady stream of revenue.

The 5 Facets Of Success In The Subscription Economy

Retail TouchPoints

The subscription economy has been making waves since 2010, when Birchbox debuted a subscription box that quickly gained popularity. And in the case of subscription retail and direct-to-consumer sales, technology is the backbone of the business.

Microservices and payments: what you need to know

GetElastic

To make newer touchpoints such as mobile apps, in-store digital, interactive display, rich content and IoT natively shoppable, or support one-touch, gesture or voice-enabled transactions, merchants need to extend payment processing anywhere. Payments is too critical a service to lock into.

Subscription Finance: What is Annual Recurring Revenue?

FastSpring

We’ve all heard how effective subscriptions can be for growing companies. Perhaps one of the biggest benefits of implementing a subscription model is that it allows software companies to avoid the unpredictability of one-time sales by guaranteeing a steady stream of revenue.

FastSpring Review: High-powered, Global Payments and Subscriptions

Ecommerce Platforms

FastSpring works to change all that, seeing as how it provides a full-stack ecommerce platform with subscription support and a wide range of currencies and languages. Full-service Subscriptions for Software. 17 payment methods.

Payment Depot Reviews: Monthly Memberships for Payments

Ecommerce Platforms

It's a good idea to look at Payment Depot reviews like this one, because it truly is one of the most transparent payment processors. If you like membership pricing, Payment Depot provides a system where you pay a monthly membership fee for your processing.

Why You Should Make The Switch From A Perpetual License To Subscription

FastSpring

Here’s how your company can benefit from switching from a perpetual license to a subscription plan. Reason #1: Subscriptions support product innovation. Switching to a subscription plan doesn’t mean your company gets to neglect customer acquisition.

Subscription Ecommerce Websites Saw 4,461% Revenue Boom in 5 Years: 20 Brands Reaping the Benefits

BigCommerce

Don’t even say it out loud: Subscription boxes are not dead. Heralded as the newest, greatest ecommerce strategy beginning around 2010, subscription box services like BirchBox, Trunk Club and Dollar Shave Club have not only made headlines – they’ve made billions.

Why The Subscription Model Is The Future And How To Make The Switch

FastSpring

We’ve seen explosive growth in the field of subscription and recurring billing with more and more software and SaaS companies discovering how impactful implementing a subscription model can be for their long-term growth plans. Maybe you’ve caught wind of all the buzz around recurring billing or perhaps you’ve seen similar companies in your industry already rolling out subscription pricing. Subscribing to the idea of a subscription-based business model. .

A Detailed 2Checkout Review: One of the Best Payment Gateways (2019)

Ecommerce Platforms

Searching for a payment gateway turns into a confusing battle to figure out which companies offer the best rates, which of them are helpful for processing payments in various countries and how the systems integrate with your own online store.

Why You Should Focus on Subscription Services

FastSpring

In other words, we are now in an era of subscriptions, in which businesses are progressively moving towards subscription-based business models. With subscriptions poised to disrupt the traditional business model, it’s only natural for you to wonder if offering a subscription model can benefit your business. Here are three reasons why you can’t overlook subscription services. What’s next for the future of subscriptions?

5 Tips to Reduce Churn on Subscriptions

FastSpring

The best thing about a subscription program is the reliable revenue it generates. Your subscription churn rate is the number of subscribers you lose over a given period. the subscriber elects to cancel their subscription) or involuntary (e.g. Month-to-month subscription plans give your customers the freedom to quit at any time, which can mean unpredictable churn for you. But do you have the time to individually email and/or call each failed payment?

How to Price Your Software with a Subscription-Based Model

FastSpring

Netflix, for example, markets free trials heavily because their data shows that they work, retaining about one in three people for a subscription. Once they’ve seen the platform or software in action, they’re more likely to continue to use your product and extend their subscription beyond the free trial period. You’d be surprised to find out just how many subscription-based models have actually seen many of their enterprise customers start out as free trials.

Subscription Vs. Pay-Per-Use For Your SaaS

FastSpring

First, you need to be sure that you’ve priced your product fairly, and second, you want to offer the payment option that will appeal to the largest number of users. What’s the story with subscriptions? If your digital business is just getting off the ground, subscriptions can be a lifesaver. Adopting subscriptions over a one-time-sales pricing model can help ensure that your SaaS business is maximizing the lifetime value of each customer you acquire.

Square Payments Reviews What’s All the Fuss About?

Ecommerce Platforms

If you're considering Square as your mobile payment processor, then you're in the right place. Today, they arguably offer a payment processing solution with the most features on the market (that is, one that doesn't charge a monthly fee)! Who Are Square Payments?

Ecommerce Payments Trends To Look Out For In 2019

FastSpring

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. Managing multiple payment processors, payment gateways, and even just trying to understand online payment processing can be challenging especially if your business is just starting out. More businesses will transition to a subscription model.

The Challenges of Operating eCommerce Subscription Businesses

Scalefast

Subscription programs can strengthen customer loyalty, reduce inventory risk, increase the lifetime value of each customer and boost ROI. The growth of subscription box services has been exponential over the past four years. But what does it really take to seamlessly grow and manage an eCommerce subscription business at scale? It’s simple enough to manage 50 subscription orders each month, but what about 50,000? Payment security and alterations.

Stripe Review: Payment Processor With Advanced Development and Clear Pricing

Ecommerce Platforms

The Stripe payment processor has some romance behind it. There's plenty of hype behind the Stripe company, and as a third-party payment processor , it offers some of the best development tools, security measures, and international business modules for online commerce.

5 Emails That Subscription Retailers Should Be Sending – With Examples

Lemonstand

Email marketing ties the customer relationship together for subscription brands. To break through the noise, online retailers, especially subscription eCommerce companies , must make it a priority to create meaningful communications for their audiences. The Subscription Dunning Email.

Alternative Payments Review: Catering to Customers Who Don’t Like Credit Cards

Ecommerce Platforms

Some commons problems often arise when ecommerce professionals look for payment processing: There are too many fees. Payment processing may not be offered in your country or region. Credit cards are the only payment option. The local payment methods fees are pretty low.

Cratejoy Review: Start Your Own Subscription Business With Marketing in Place

Ecommerce Platforms

If you go to Cratejoy as a consumer, you'll find a multitude of subscription boxes to fit your own tastes. What's even more intriguing is the fact that anyone can sign up to sell their own subscription boxes. Customizable Subscriptions.

Why Now Is An Amazing Time To Start A Subscription Box Service

Lemonstand

There has never been a better time to start a subscription box service. From 2013 to 2016 alone , the number of visitors to subscription box websites has grown by over 3,000% — from 722,000 to 21.4 And as of March of 2016, there were more than 2,000 subscription box services in the U.S.

Is Your Price Right? Determining Pricing Strategy for Ecommerce

FastSpring

We’ll break down the pros and cons of monthly and annual subscriptions. The Annual Subscription Advantage. An annual subscription management strategy presents itself as a win-win for both companies and consumers. The Annual Subscription Disadvantage.

What You Need to Know About the PSD2 and Strong Customer Authentication

FastSpring

On September 14th, 2019 all payment providers who process payments for consumers in the European Union must adhere to new requirements for authenticating online payments as part of the second Payment Services Directive (PSD2). Online Payment Processing

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How to Avoid Frequent Recurring Billing Mistakes

FastSpring

But before you jump straight into implementing a subscription billing model, why not make the most of your time by educating your business on the most common recurring billing mistakes and avoiding them from the start by following these tips? Even if your company doesn’t send statements, a simple branded email sent prior to the recurring payment will be helpful in reminding your customer that they’ve set up a subscription for your digital product or service.

Why Your Business Benefits From Using Multiple Currencies

FastSpring

If you want to maximize international sales, it’s in your interest as an online vendor of digital products or recurring subscription services to provide a shopper-friendly, localized user experience on all your checkout pages. Online Payment Processing

Your Go-To Gumroad Review (June 2019)

Ecommerce Platforms

According to the Gumroad homepage, the business has sent more than $201 million in payments to influencers, educators, artists, and other professionals worldwide. Offer codes and “choose your own price” payments. Recurring subscriptions and memberships.

8 Ways to Attract More Loyal Customers

FastSpring

Offer Subscriptions. By giving your customers a subscription option, they can purchase your product over and over without having to think about it. Is their payment information saved in your database? And be sure to keep them in-the-know about return policies and payments.

Bold Commerce Review: An Application-Based Tool for Sensational Sales (April 2019)

Ecommerce Platforms

Bold Commerce comes with tools for everything from automation, to subscription management and loyalty campaigns. Bold Cashier: an out-of-the-box cashier service with multiple payment options, a developer-friendly API, and upsell opportunities after checkout.

Everything You Need to Know About Bitcoin and Blockchain in Ecommerce

Ecommerce Platforms

When it comes to payment processors in ecommerce sites, the talk used to be about credit cards, PayPal, COD (cash on delivery), et al. Local currencies couldn’t be converted to bitcoin easily and, as a result, no retailer would even think of accepting bitcoins as payment.

Considering Shopify POS? Get the Answers to All Your Questions

Ecommerce Platforms

You can use this app to create a shopping cart for each of your customers, accept payment (using a wide variety of methods), and produce recipients- all from the convenience of either your smartphone or iPad. Flexibility on this largely depends on the payment plan you've opted for.

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Recurring Revenue: Make Money While You Sleep

FastSpring

SaaS-friendly billing systems are designed specifically for companies who sell online services under a subscription model. They offer many advantages over a typical generic payment system as well as a home-brew solution. There are two things most businesses can never get enough of: time and money. You’re constantly racing against the clock to get your product off the ground and generating revenues.

Why Hyperbolic Discounting Matters in Ecommerce

Zaius

Should they choose a pricing plan that gives them the option to spread out their credit card payments for months? A great example of this is subscription box services , which lean into the concept of hyperbolic discounting. Is sooner really better than later?

CS-Cart Review: A Solid Self-hosted Platform with Tricky Pricing

Ecommerce Platforms

We like this model compared to Shopify or Bigcommerce , since you're not getting looped into a monthly payment plan. This is no different than working with WordPress, but there are some additional yearly payments needed for upgrading your software on a consistent basis.

7 ways to combat chargebacks from “friendly” fraud

GetElastic

In trying to keep their customers happy, they have eliminated fees and minimum required payments associated with chargeback requests, and do not critically investigate the reasons customers request them.

The Ultimate Shopify Lite vs Snipcart Comparison

Ecommerce Platforms

It lets you customize any website to sell products, subscriptions or downloads online. Furthermore, it comes with a card reader for accepting credit card payments. It helps you track sales and orders, manage discounts, orders and subscriptions. Subscriptions.

Juicy New LemonStand Features, Tutorial Video, Theme Updates and More

Lemonstand

New Subscription Features. With subscription based retail growing like gangbusters and disrupting many traditional retailers , we’ve seen a big uptick in new customers launching or scaling some very cool subscription businesses on LemonStand.

The 19 Ecommerce Growth Challenges of 2018, Outlined by Amazon’s Annual Report

BigCommerce

Some of the biggest highlights of Amazon’s Annual Report were company insights shared for the very first time – like information around membership and revenue around Amazon Prime, the company’s subscription service. billion in subscription revenue. Online payment services.

11 Best WordPress Ecommerce Plugins For An Amazing Store

eCommerce CEO

You could do catalog management and processing payment, or you could get the whole BigCommerce package. You have access to BigCommerce apps, fully integrated payment and shipping method/rates, multichannel sync, gift cards, and more. Many payment gateways.