Chargeback insurance and other fraud prevention strategies will be needed both now and the future. The launch of the online marketplace has opened up a new realm of possibilities for both companies and customers. According to Statista, the “transaction value” of digital payments is expected to top $4.8 billion in 2020. E-Commerce makes up the largest portion of the segment....
The modern eCommerce industry involves a number of risks for business owners. There are risks that are typical of high risk businesses. Let’s discover what risks are associated with high risk businesses and how merchants can tackle their challenges. Also, let’s see who can help you with the best merchant account for drop shipping. Merchant Account for Drop Shipping &...
This the Season According to Mastercard’s SpendingPulse “Holiday E-Commerce Report.” Holiday retail sales increased by 3.4%, excluding the auto market. E-commerce sales went up 18.8% during the 2019 holiday season. Going up from the 18.4% growth rate of 2018. Mastercard’s research emphasizes how important retailer’s omnichannel strategies are. Cyber Monday was very profitable for Amazon, although they didn’t release exact...
eCommerce is on the rise all around the globe. Why? It’s simple! All consumers need is just a click of a button to buy goods from any corner of the world. Let’s move forward to dive more into the topic and find an exceptional payments expert for you. eCommerce Is Growing Globally Retailers are looking for ways to take more...
According to the European Banking Authority (EBA), eCommerce merchants have received the deadline of December 31, 2020 to comply with strong customer authentication (SCA) protocols. The EBA is well aware that complete SCA migration requires a consistent approach, and that eCommerce merchants may not make the full transition by the date stated. SCA is not merely a description of authentication...
Although this population is more connected to the Internet than ever, Brazil has a high unbanked population rate. Access to financial services and products are only available to a few and that goes for access to credit and international credit cards. Yet, with all these challenges, the country still comes out as one of the fastest-growing when it comes to...
Ecommerce fraud is a problem every online retailer faces. Signifyd, an eCommerce fraud protection provider, reports that in 2018 total fraud losses were 7 percent of revenue, totaling over $10 billion, a 3 percent increase on the previous year. The situation is even worse in some verticals, with the beauty and jewelry industry losing over 10 percent of revenue to...
With online sales multiplying by the day, and 2020 predictions for the sector approximating at trillions of dollars, merchants must understand key market trends to stay afloat in a dynamic market. Payments, for instance, are vital in making the sales process successful. With the advent and widespread use of cellphones, the adoption of mobile wallets have increased, and so have...
Taking credit card payments is the order of things when it comes to online customer-retailer relations. And to be able to accept cards, debit or credit, you must have access to a merchant account. Normal businesses will find many willing merchant account providers but those classified as high-risk for one reason or another must hassle hard or look in the...
A 2019 survey by 2checkout.com on customer buying habits revealed some facts about online shoppers; that data security and confidentiality matter most to customers when buying from a web-based merchant. The study also found that buyers are most likely to abandon a filled shopping cart because of a mind-change about a purchase than due to reasons like prolonged delivery periods...
