With the onset of the COVID-19 pandemic, businesses worldwide have suffered shutdowns, and with that, loss of revenue. However, those businesses that have either already had an existing online store or quickly pivoted and opened up one, are clearly the ones surviving the economic downturn. Businesses that are more likely to be impacted, regardless of cataclysmic world events are the...
According to Analysis by ACI Worldwide, global eCommerce transactions have jumped by 19 percent in July 2020 compared to July 2019. Likewise, there was an increase in the number of eCommerce transactions for outdoor gear; a 9% increase in 2019, compared to a 12 percent increase in 2020. As the COVID-19 pandemic has dragged on and businesses have had to...
Are you running an e-commerce business and need to integrate alternative payment methods (APMs) into your payment gateway? This article provides insights into the topic so you can grow your business with success. AMPs for E-Commerce Businesses Alternative payment methods play a vitally important role in growing your business, both locally and globally. The growth of APMs is based on...
Are you wondering what methods you should use to accept online payments? Which one should you go for: No need to worry. This article is here to help you with online payment options for your customers. How to Accept Online Payments The way people send and receive money is changing. eCommerce businesses that fail to react to these trends are...
Collecting customer payments come with hidden security risks that an ecommerce business cannot ignore. Processing credit card payments can improve security and change how you take money from customers. Because you won’t be doing every bit of the transaction process alone, partnering with the right service provider further tightens payment security levels. How Credit Card Processing Augments Your Payment Process...
The answer to ecommerce success is the same as brick-and-mortar: delight your customers. Simple and straightforward, or is it? Thanks to technology, the landscape grows more and more competitive every day. How can your online business keep up, while also impressing its customers through your service? Artificial intelligence (AI) might be the answer you are looking for. Here are 5...
The more technology has become commonplace, the more important ecommerce has become for businesses. In order to ensure long-term growth and sustainability, businesses today really need to consider incorporating ecommerce. Due to the rapid changes and challenges COVID-19 has thrust upon business owners, ecommerce options have even become critical for business survival. If your business needs an ecommerce solution to...
Risk assessment should be part of your everyday life if you want to be a successful business owner. And the process should be well thought out when setting up an e-commerce store. You want to identify all potential dangers and loopholes early to prepare adequately. Still, risk assessment is a never-ending process. Why? Because the e-commerce business environment is ever-evolving....
E-commerce and other payment trends have been gaining speed for some time. However, these trends are now being fueled by the COVID-19 pandemic and the flames are spreading fast. New debit card transaction data released early this month by Houston-based Pulse electronic funds transfer network confirms this. It is safe to say we are living in unprecedented times. As stay-at-home...
Based on a study conducted by the Association of Certified Fraud Examiners, it was found that nearly one half of small businesses have been victims of fraud during the life of their business. In fact, for every occurrence, the average cost was $114,000. Even if you accidentally accept a fraudulent payment, you are at risk for being responsible financially for...
