Due to the radical change in spending priorities induced by the COVID-19 pandemic, overall e-Commerce spending has soared at a faster rate than ever. Payment gateways play a vital role. A payment gateway that is well-functioning and efficient is the keystone of every transaction. The holidays will definitely put many payment gateways to the test as they will face higher...
Online transactions have become the fastest and most advantageous way for its users to settle their payments. Thanks to the Internet, customers can be reached globally and therefore users can both buy and sell throughout the world. The trickiest aspect of online purchases is that they are notoriously difficult to verify and can even be made in anonymity. In order...
A payment gateway is a type of software that links securely between an eCommerce site and a customer’s preferred method of payment. This can include a credit or debit card, a bank account, gift card, or any online wallets. There are numerous advantages to integrating a payment gateway into your website. You don’t have to implement and run the software,...
Making purchases online is not something consumers give much thought to these days. It has become such a natural, everyday thing. Even so, much goes into the online shopping and checkout experience. As a merchant, you know just how much time and thought goes into creating a positive, seamless customer experience, none of which would be possible without payment gateway...
Payment gateways are a valuable tool that process both debit and credit cards online and in offline stores. Sensitive card information is securely sent between mobile devices/ websites and banks/payment processors. Integrating a payment gateway into your website can ensure that your customers experience a seamless and safe transaction. It is like having a virtual point of sale terminal. To...
As more countries are preferring to go cashless, the preferred method of payment for most consumers is the use of both credit and debit cards. This option is fast, convenient, and more efficient than the use of cash. Although e-commerce has been on the rise in recent years, m-commerce is following close behind. M-commerce simply involves online shopping through the...
Payment gateways play a vital role in eCommerce. If you have an eCommerce site, the only way to make a profit is to take credit and debit card payments online. In order for that to work, you will need the help of a payment gateway. What Is A Payment Gateway? A payment gateway is essentially a service whose primary role...
A payment gateway facilitates online payments between consumers and businesses. A payment gateway is a service provided for merchants that processes debit and credit card payments for both eCommerce websites and brick and mortar retail stores. Another way of looking at a payment gateway is to think about it as the equivalent to a cash register for a transaction made...
A recently conducted study revealed that two of the “big-hitters” in the eCommerce space dominate and are highly favored by CBD site owners. Shopify, Inc., one of the most popular e-commerce platforms and WooCommerce, the open source e-commerce plugin for WordPress, are the preferred platforms by CBD merchants at a 3:2 ratio, respectively. According to statistics published by data and...
Revenues for global payments are soaring. It is projected that it could potentially become a $2 trillion industry by 2020. Cross-border revenues alone make up approximately $200 billion. It is also estimated that there are currently .7 international transactions per capita every year. This up from .5 back in 2014. In 2018, B2B cross-border payments produced $125 billion in revenue....
