On September 25, 2019, the US House of Representatives passed, with a vote of 321 to 103, the Secure and Fair Enforcement Banking Act (SAFE), which is a legislation that has been created to secure and regulate the banking services within the cannabis industry in the US. The SAFE Banking Act will prohibit federal regulators and prosecutors from penalizing banks...
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...
With the recent opening of an office in Mexico City, Stripe, the mobile payments startup, is now fully available in Mexico. It is the first country they’ve launched in Latin America. Although Mexico is the second-largest economy in Latin America, the online commerce represents only 2% of its GDP. However, this is rapidly changing, as retail e-commerce is forecasted to...
According to GlobalData, a leading data and analytics company, the UK’s click & collect market is set to increase by 45.8% within the next five years, reaching £9.8bn by 2023. Retailers plan to capitalize on this demand, with 90 percent planning to invest in this service in the next five years. Almost nine in ten retailers (87 percent) report that...
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...
Cannabidiol, or CBD as it’s commonly referred to, has seen a surge in both popularity and profitability within the last few years. Despite this, it’s still hanging in a gray area of legal limbo. Because of the ever-changing state of legality, it can be confusing to navigate the landscape of merchandising, especially because different states have different regulations for dealing...
Are you trying to figure out how your company can handle increased fulfillment duties? What about resources to offer an expanded product assortment variety? Are they enough? Are you providing excellent customer service? Well, all these are questions key to the success of your drop shipping business. Let’s move forward to see how you can scale your business. Drop Shipping...
In 2018, eCommerce represented about 14.3% of total retail sales, and that number is only expected to go up every year. Being able to conduct business online allows you to connect with a wider group of consumers while lowering your overhead cost of renting space and paying employees. However, to accomplish this, you need a dependable way to process payments. ...
As a business, your ability to act in your customers’ interests is paramount for return business. Obviously, the first level of this is to provide honest, dependable and high-level services or products. But, in today’s world of growing fraud, that isn’t enough. It seems almost like every other day there is a data breach attached to a big name business....
Running an e-commerce business isn’t easy unless you provide your customers with secure payment options. Importantly, there’s no growth without working with a trustworthy payment processor in your field. What about a high-risk merchant account? This article is here to help you with all his. High-Risk Merchant Account Reliable, low cost and secure high-risk credit card processing is key to...
