The world is going cashless. Cashless transactions are quicker and they are more convenient. Cashless transactions are vitally important for eCommerce merchants running a business. How can you be sure you’re setting up the right eCommerce merchant account for your business? Read this article and you’ll know. Merchant Account for eCommerce Businesses Are you an
If your dream is to launch your own online business or begin working from the comfort of your sweet home, then this is the time to make a move. Waiting any longer will leave you lagging behind because the internet is now fast-growing and dynamic. Luckily, owning and running an online store is no longer
Paying with cash is a rarity. Cashless transactions are quicker and more convenient and vital for shopping online. The only way ecommerce businesses can thrive is if they accept credit and debit card payments. To do this, you must obtain a merchant account services. Whenever a payment is made with a credit card it involves
The future of commerce is clear: it’s going online. Almost all of retail growth is in the e-commerce space, and for good reason; technology has put our ability to purchase directly in our hands, with our ability to make purchases using smartphones enabling a culture of purchasing goods and services anywhere, anytime. Retailers need to
According to the 2017 Global Ecommerce Report, the global retail industry is at a “crossroads”. This wide-ranging study of e-commerce surveyed 1,200 retailers from 8 countries and 12,000 consumers from 11 global markets. The perspectives of both consumers and retailers revealed interesting data for those concerned with card-not-present payments. The key points this study uncovered
Cyber Monday was the biggest online shopping day in U.S. history. According to Adobe, the grand total was an estimated $6.6 billion in sales, representing a 17 percent increase over last year. In comparison, Black Friday and Thanksgiving Day generated $5 billion and $2.9 billion in online sales, respectively. The top Cyber Monday sellers included:
The growing acceptance of the internet as a shopping tool is unlikely to slow down anytime soon. According to Forrester Research, the number of online customers will reach 270 million by the year 2020. This will apparently see the e-commerce sale value stand at a whopping $523 billion, representing a stark rise of 56 %
The way we do business is gradually shifting towards fast, simple and convenient methods. While this is undoubtedly good for merchants and shoppers alike, it has also introduced new challenges regarding security and fraud. Here are three trends in e-commerce, and how they’re influencing the raging fight against online fraud. Instant Gratification These days, the
If you’re running an e-commerce website, you can’t do without a payment gateway. A payment gateway can be characterized as the mediator between e-commerce sites and the payment processor. This system is required for secure payments authorization for your e-commerce website. Why Do You Need a Payment Gateway? Payment gateway systems can be viewed as
It’s estimated 1.61 billion people worldwide purchased goods online in 2016. In 2016, global e-retail sales accounted for 1.9 trillion US dollars. It’s projected this number will reach 4.06 trillion US dollars by 2020. In Asia Pacific, e-retail sales represented 12.1% of retail sales in 2016 but accounted only for 1.8% of retail sales in
