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  • 1 in 3 UK retailers don’t offer next-day delivery - While 45 percent of British consumers say that next-day delivery would make them more likely to shop with a merchant, 66 percent of retailers offer this kind of service. Also, some retailers fail to meet consumers’ needs regarding free delivery. This retail expectation gap is the title of a report… Continue reading
    Topics: payment, uk, offer, think, shop, whitepaper, say, free, retailers, dont, delivery, nextday, consumers.
  • 10 Best Online Payment Methods for Businesses - Online payment solutions are essential for just about any type of business. Booking and making payments online is convenient for many consumers, so it’s important to make sure your business is keeping up.
    Topics: online, payment, business, pay, best, payments, stripe, methods, businesses, platform, offers.
  • 14% more ecommerce companies in Ukraine since 2019 - The number of ecommerce companies in Ukraine has increased by 14 percent since the beginning of 2019. In the same period, the average income of domestic online sellers has grown 1.5 times. Especially, ecommerce companies located in the cities of Dnipro and Kiev have shown some significant growth in average… Continue reading
    Topics: companies, income, ukraine, whitepaper, users, study, average, online, payment, ecommerce.
  • 15 Mobile Payment Systems for Merchants - Mobile payment systems provide flexibility to consumers and merchants while unifying online and offline operations. Here is a list of mobile payment services for merchants. There are point-of-sale systems, digital wallets, mobile hardware, software for mobile and web applications, and more.
    Topics: credit, payment, payments, accept, price, online, pay, cards, systems, mobile, card, merchants.
  • 40 million people made use of some online payment during the pandemic: Study - According to a report by Mercado Pago, the payment link is preferred by Mexican SMEs.
    Topics: study, pandemic, pago, used, payments, mercado, online, payment, mexico, link, million.
  • 5 CBD Industry Predictions for 2022 - There’s no doubt that the CBD industry has exploded quickly since hemp first became federally legal in 2018. With the…
    Topics: marketing, cbd, legal, thc, look, industry, predictions, hemp, payment, processing, processors.
  • 5 Top Reasons Ecommerce Carts Are Abandoned and How to Give Shoppers Checkout Confidence - If there’s one silver lining about living in an era of wild uncertainty, it’s the surge in digital innovations, including…
    Topics: sezzle, cart, reasons, payment, customers, checkout, shopping, abandonment, deserted, shoppers, pay, costs, carts, ecommerce.
  • 67% of Europeans want to be inspired when shopping online - A majority of consumers in Europe want to be inspired when browsing ecommerce websites online. But according to many shoppers, many online stores aren’t that inspirational. And that lack of inspiration is a barrier against using them. As a matter of fact, only 29 percent of consumers in Europe say… Continue reading
    Topics: inspired, shoppers, whitepaper, payment, product, emotional, shopper, retailers, amazon, inspiration, europeans, online, shopping.
  • 70% of Europeans are open to live shopping - Live shopping in Europe is becoming more and more popular. This trend started in China and the rest of Southeast Asia, but now consumers in Europe are increasingly watching live shopping events to get inspired to buy some clothes and other fashion items. Live shopping is hot, especially in China.… Continue reading
    Topics: live, brands, europeans, open, shopping, europe, events, solutions, payment, whitepaper, online, customers.
  • 74% of Europeans won’t reduce online shopping - Three in four European consumers (74 percent) say they will stick to their pandemic online shopping levels, meaning they won’t reduce their ecommerce activities now they can shop offline again. So it looks like the shift to ecommerce is here to stay. During the lockdowns of last year, 96 percent… Continue reading
    Topics: europeans, reduce, methods, digital, payment, shopping, say, consumers, shift, wont, online, retailers.
  • 8 Top Payment Processors - If you’re launching any sort of business you’ve thought about payment processing. With so many choices in the marketplace, the selection process can be a daunting one depending on what works best for your business. A solutions-based eCommerce partner will help you choose a payment processor with the following in mind: Integrated payments and checkout – a seamless flow between payments and checkout increase both conversion and payment completion rates   Better pricing and total cost of ownership – getting the best rates and forecasting for what’s ahead   A simplified experience – choosing a best-in-class provider so you go to market faster with confidence When comparing payment processors we recommend you ask the following questions of the vendors your evaluating: What’s your product offering? How many types of payment are accepted? Are you adopting a more modern platform or are they legacy? What is you geographic coverage? Do they have an interactional reach? Are you priced competitively? How transparent is you pricing structure? Are there membership, setup, or possible hidden fees? What software and hardware do I need? And how is it bundled? What is your approach to integration? Having asked these questions with our own partners, and consulted the research on the myriad of payment processors and merchant services in the marketplace, here’s a Who’s Who of payment processors with some of their signature strengths: PayPal Website: paypal.com A strong performer with a robust product offering including fraud detection, point of sale, alternative payment options (like Venmo and PayPal consumer accounts) and financing options such as BNPL (Buy Now Pay Later). PayPal is well-suited for both enterprise and small/midsize businesses. Additional wins: transparent pricing, ease of use, and dedicated customer support. Stripe Website: stripe.com Analyst-backed and built for larger operations, Stripe offers a broad product menu including card issuing and treasury services, and worldwide acceptance and settlement. Stripe is an exceptionally good fit for eCommerce-based businesses. They offer flat rate pricing and don’t charge monthly subscription fees. Additional wins: highly customizable, streamlined checkouts across devices. Adyen Website: adyen.com Aside from a solid product offering, Adyen presents a tech-forward approach with a wide international footprint. Additional wins: No setup or monthly fees, customizable solutions. Braintree Website: braintree.com Owned by PayPal, Braintree is known for its diverse payment options especially in the digital wallet category. It integrates well with eCommerce businesses, but also offers in-store payment capabilities. Cybersource Website: cybersource.com Owned by VISA, Cybersource’s product offering is uniquely backed by the gold standard of security. Square Website: squareup.com For a business looking for more out-of-the-box solutions, Square offers a straightforward point of sale system geared towards mobile devices. It’s especially compatible with restaurant, retail, and professional service environments. Square offers value-adds for additional fees such as customer loyalty programs and appointment scheduling. Stax Website: stax.com Designed for high volume mid to large sized businesses, Stax offers membership tiers and value add-ons by tier including accounting software integration and a customizable portal. Klarna Website: klarna.com Another BNPL solution, Klarna offers point-of-sale loans through an app or in-store experience. This option is useful for big ticket purchases where an initial down payment is made, and subsequent payments are drawn from a credit or debit card. Typically interest-free, late fees are assessed for failed payments. Buy Now Pay Later is an increasingly popular consumer financing option.   Ultimately, choose what's best for you Payments are a complex yet integral part of the eCommerce experience. Elastic Path can help you ask the right questions when determining what works best for your business needs and the expectations of your customers.
    Topics: pricing, businesses, processors, product, best, fees, payment, additional, payments, offers, business.
  • - Rapid growth in ecommerce sales and digital adoption across the globe opens up a world of opportunity for businesses looking…
    Topics: gdp, ecommerce, trillion, stripe, customers, growth, payment, business, market, guide, businesses, expansion, global, step.
  • AO wants to double revenue in 5 years - Online electrical retailer AO wants to more than double its turnover in five years’ time. In this time frame, the UK company also aims to be active in five different markets. “Our mission is to be the global destination for electricals”, AO stated during its full year results presentation. Last… Continue reading
    Topics: revenue, million, market, online, company, germany, whitepaper, double, aos, ao, payment, wants.
  • Amazon Pay introduces Checkout v2 - Amazon Pay, which lets customers use their Amazon information to shop on third-party sites, has introduced version 2 of its checkout technology. The upgrade enables a faster and more secure checkout. The modernized web checkout technology can replace existing Amazon payment and address widgets.With Checkout v2, Amazon Pay offers merchants… Continue reading
    Topics: v2, amazon, introduces, customers, online, pay, ecommerce, process, experience, payment, checkout.
  • Amazon fined €746 million for violating privacy rules - Amazon has been hit with a fine from the European Union. They will need to pay 746 million euros for processing personal data that’s in violation of the General Data Protection Regulation (GDPR). The tech giant is already planning to appeal against the decision. Amazon revealed the news in a… Continue reading
    Topics: protection, violating, amazon, million, data, strategy, whitepaper, eu, fined, personal, rules, payment, fine, banking, privacy.
  • Amazon is adding a Venmo checkout option next year - PayPal today announced that Amazon.com will be adding a Venmo option to checkout for users in the U.S., starting next year. The news arrived as the online payment giant announced solid third quarter results, with a 13% year-over-year revenue increase. Beginning at some point in 2022, Amazon shoppers will be able to link their accounts […]
    Topics: checkout, pay, users, currently, adding, using, statement, amazon, techcrunch, payment, customers, paypal, venmo, option.
  • Amazon reaches deal to continue accepting Visa payments worldwide - Amazon and Visa have resolved their simmering dispute over payment fees in the UK and elsewhere, Reuters has reported. Amazon threatened to stop accepting Visa in the UK starting January 19.
    Topics: techcrunch, continue, fees, card, recently, amazon, payments, worldwide, accepting, visa, uk, deal, spokesperson, payment, reaches, stores, cards.
  • Announcing BigCommerce + Bolt One-Click Checkout - Consumer expectations aren’t what they used to be. The last two years have accelerated changes in what consumers expect to…
    Topics: checkout, network, experience, payment, ecommerce, ready, customers, oneclick, announcing, bigcommerce, bolt, merchants.
  • Apple announces ‘Tap to Pay’ feature that will allow iPhones to accept contactless payments - Apple has announced plans to introduce a new Tap to Pay feature for iPhone that turns the device into a contactless payment terminal. The company says that later this year, U.S. merchants will be able to accept Apple Pay and other contactless payments, including Google Pay, by using an iPhone and a partner-enabled iOS app. […]
    Topics: payment, iphones, app, techcrunch, platforms, allow, feature, tap, pay, contactless, announces, payments, apple, merchants, iphone, later.
  • Arrow saves online shopping carts in Southeast Asia - Even in markets where credit card penetration is high, shopping cart abandonment is still a major source of concern for online vendors. Now imagine the situation in Southeast Asia, where many countries have scores of e-wallets, buy now, pay later services and other forms of payment. Bank transfers are also popular option for online purchases, […]
    Topics: asia, major, arrow, online, abandonment, payment, checkout, merchants, saves, shopping, cart, liat, southeast, techcrunch, neo, carts.
  • Balance raises $25M in a Ribbit Capital-led Series A to grow its ‘consumer-like B2B checkout platform’ - Balance, a payments platform aimed at B2B merchants and marketplaces, has raised $25 million in a Series A funding round led by Ribbit Capital. Avid Ventures participated in the financing, in addition to existing backers Lightspeed Ventures, Stripe, Y Combinator Continuity Fund, SciFi VC and UpWest. Other individual investors that put money in the round […]
    Topics: raises, platform, grow, consumerlike, series, terms, payment, geron, merchants, b2b, balance, marketplaces, techcrunch, ribbit, capitalled, payments, company, checkout.
  • BigCommerce expands to France, Italy, and the Netherlands - BigCommerce has announced today it will expand to France, Italy, and the Netherlands. The expansion takes place in the form of a fully localized experience, letting merchants use the platform to manage their store in their locale language. Local payment methods and currencies are also included. BigCommerce offers merchants in… Continue reading
    Topics: expands, sales, netherlands, france, payment, platform, ecommerce, whitepaper, merchants, bigcommerce, italy, local.
  • Briqpay raises 2 million euros - Briqpay, a Swedish company that offers solutions for B2B payments, has just closed a seed round of 2 million euros. The funding round was led by Swedish private equity firm eEquity. With the help of this money, Briqpay wants to become the leading B2B payment supplier. Almost a year ago,… Continue reading
    Topics: system, b2b, swedish, million, solutions, euros, round, briqpay, eequity, solution, raises, payment, ecommerce.
  • Carrefour invests in instant-delivery startup Cajoo - The Carrefour Group will acquire a minority stake in Cajoo, a French startup that delivers groceries in under 15 minutes. For Carrefour, the investment is a way to speed up quick commerce in France. Cajoo operates in ten cities across France and has over 100,000 users. The Carrefour Group announced… Continue reading
    Topics: carrefour, startup, instantdelivery, payment, cajoo, speed, delivery, france, invests, group, cities, whitepaper.
  • - There are a host of different payment platforms that you can partner with to process payments for your digital business. However, finding the right one is often difficult, especially when you consider the variable rates and different features offered by… Continue reading Checkout.com Review (2022) – Fees, Solutions, and Features
    Topics: major, risk, solution, fees, platforms, different, support, payment, payments, store, solutions, features, checkoutcom.
  • - Coinbase Commerce is a merchant payment solution that helps online businesses accept cryptocurrency payments. The platform leverages blockchain technology in order to facilitate digital asset payments for its customers. Coinbase Commerce is available to an array of business sectors and… Continue reading Coinbase Commerce Review (Sep 2021): Everything You Need to Know
    Topics: sep, coinbase, review, payment, account, payments, customers, cryptocurrency, commerce, using, know, wallet, service, need.
  • Coolblue opens first physical store in Germany - Dutch omnichannel retailer Coolblue will open its first physical store in Germany at the end of this year. The white goods and electronics retailer will also open five more stores in the Netherlands and Belgium this year. When the new stores have been opened, Coolblue will have 22 physical stores… Continue reading
    Topics: germany, open, opens, store, coolblue, stores, whitepaper, payment, try, service, physical.
  • - Educators and content creators looking to sell their courses online want a platform that effectively enables them to do this. This means finding software that comes with a generous range of features at a realistic price so that they can… Continue reading CreativeMindClass Review (Feb 2022): The New Course Builder on the Block
    Topics: payment, classes, review, creativemindclass, block, platform, course, feb, posts, courses, class, students, work, builder.
  • Crypto-Commerce: Banking on Blockchain for B2B Payments - Editor's Note: This post was originally published July 29th, 2019 and has been updated for relevancy After significant hype with the rise of cryptocurrencies, there was a ‘Blockchain winter.’ The predictions for rapid adoption by 2020 never materialized; however, the underlying technology, Blockchain, still holds promise, especially in the B2B payments space. B2B payments have seen consistent growth for several years (40% in the US from 2014-2020). This trend is expected to continue with a CAGR of 21% from 2021-2030. With 88% of businesses believing that API technologies will affect payments the most over the next few years and 65% of companies preferring a single or integrated payments solution, the momentum could soon turn into a ‘Blockchain Spring.’ How Blockchain for B2B Payments Works Blockchain’s foundation is distributed ledger technology  (DLT). Transactions are  distributed, with records verified by a network of computers versus by one party or bank, and visible to all parties versus held in a central database. They’re also  immutable  as once recorded, they cannot be altered, reversed, or tampered with. When a buyer or seller submits payment information to the chain, a digital “block” is created and distributed to the network. Multiple computers compete to unscramble the block, and the first to successfully do so shares it with the network for verification. Verification includes confirming funds are available, sender and receiver are reputable, and the request is legitimate. Once verified, the transaction is authorized and posted to the ledger and designated parties are updated in real time. Blockchain Benefits for B2B Payments Faster Settlement Blockchain cuts central banks out of the process, dramatically speeding up settlement. Unlike banks, which can take up to five business days for cross-border transactions, the 24/7 availability of the network supports real-time to next-day fund transfer. Blockchain’s transparency and automation also save both suppliers and buyers the manual processes of phoning or emailing each other and updating their respective records in multiple systems. Frictionless Payments The ability to place one-touch orders directly from equipment and sensors on the job site, within a manufacturing plant or even operating room is an emerging opportunity in B2B. The “smart contract” property of blockchain supports automated device-to-device transactions when certain conditions are met, cutting out traditional invoicing and payment processes entirely. Integrated with payment networks and headless commerce applications, smart contracts and IoT may be the  future of replenishment  and other micro-transactions between B2B buyers and sellers. Pricing and payment terms are set into the smart contract, with buyer and seller notified of each transaction upon execution and pushed back to their respective systems of record. Looking for a B2B eCommerce Solution? Elastic Path is Transforming B2B Commerce Experiences Quickly & Efficiently While Driving Substantial Revenue Growth. Chat with an expert today to see how our flexible, composable solutions can speed up your time to market, reduce costs, and improve your customer experience. Talk with an eCommerce Expert Proactive Fraud Prevention The public, distributed ledger serves as a “single source of truth” for both buyers and suppliers. While blockchain may not eliminate the need for outside verification agencies reduces settlement risk and makes it easier to track down fraudulent activities. Prevent “False Positives” For AR and AP departments, tighter fraud controls can lead to more false positives, increasing card declines for good accounts, delays in invoice processing, and can hurt the buyer-supplier relationship. Blockchain’s network-based verification and immutable record recognizes more good transactions and fosters trust between parties. How Institutions are Already Banking on Blockchain Stablecoins A Stablecoin is a digital currency pegged to a ‘stable’ reserve asset, like the U.S. dollar. These remove the significant volatility seen in more well-known cryptocurrencies like Bitcoin and Ethereum, which are tied to being ‘mined’ by computers. Stablecoins assuage some of the concerns over cryptocurrencies for business, though significant questions remain. Legislation remains one of the unanswered questions that will significantly impact the future of these coins. Momentum continues to build towards answering these questions. As recently as December 2021, the U.S. Congress considered the regulatory path forward. Open APIs Visa, MasterCard and Amex are in an arms race to patent and ship new blockchain payment technologies. Their open APIs such as Visa’s B2B Connect allow fintechs and other financial institutions to build custom solutions and payment integrations on top of their respective blockchain infrastructure, including smart contracts and expedited payment settlement to enhance their B2B services. The B2B Blockchain Challenge...and the Future While banks and fintech companies are wasting no time embracing Blockchain, the challenge for B2B merchants remains to be the on and off-ramps (how they can turn good old dollars into digital coins with ease and low risk). Several fintech and ACH companies are attempting to solve these issues with B2B specific offerings. We can expect that, as the blockchain market matures, banks and fintech companies will continue to open their infrastructure and APIs to third-party developers, including B2B merchants. Technology vendors may also begin to integrate blockchain technologies into their commerce solutions. Stripe, for instance, says it is still in “Early Innings,” there is no doubt the “winter” is thawing, and we will continue to watch as this space evolves.
    Topics: distributed, companies, cryptocommerce, banking, transactions, blockchain, b2b, verification, payment, payments, network, smart.
  • Digital payments: a key to success for entrepreneurs - When an entrepreneur can easily monitor their daily cash flow through digital payments and collections, they are in a position to better manage inventories and increase profit margins.
    Topics: payments, sales, digital, greater, payment, benefits, success, according, growth, companies, key, entrepreneurs.
  • Ecommerce Product Releases: July 4, 2021 - Here is a list of product releases and updates for late June from companies that offer services to online merchants. There are updates on social commerce, subscription newsletters, payment solutions, email marketing, live-video shopping, last-mile deliveries, and drop shipping.
    Topics: ecommerce, businesses, shopping, payment, shopify, facebook, app, product, payments, godaddy, releases, online, platform.
  • Ecommerce Product Releases: September 16, 2021 - Here is a list of product releases and updates for mid-September from companies that offer services to online merchants. There are updates on team productivity tools, small business financing, subscription sales, logistics, and managing campaigns on Amazon.
    Topics: platform, merchants, announced, square, services, companies, ecommerce, payment, product, releases, commerce, partnership.
  • Ecommerce compliance solution Eurora raises 2.5 million euros - Eurora, which offers compliance solutions for cross-border ecommerce companies, has raised 3 million dollars (2.54 million euros). With the money, the Estonian company wants to bring its tool to a million Chinese merchants. Eurora uses artificial intelligence and machine learning to automatically manage cross-border VAT, duty amounts and declarations. The… Continue reading
    Topics: payment, solution, chinese, transactions, compliance, expand, crossborder, whitepaper, ecommerce, day, eurora, solutions, raises, euros, million.
  • Ecommerce software Pakk launches in Europe - Pakk, an ecommerce software provider from Estonia, has officially launched. The software-as-a-service platform was in development since 2019 but is now available to small businesses in Europe. The company wants to provide a true “all-commerce” platform at prices any small business can afford. Pakk claims to be the first affordable… Continue reading
    Topics: software, business, launches, online, whitepaper, stock, ecommerce, company, store, europe, platform, pakk, payment, small.
  • Egypt’s e-commerce platform Wasla nabs $9 million from retail finance provider Contact - Contact Financial Holding, Egypt’s non-bank consumer finance provider, has invested $9 million in the country’s e-commerce super-app Wasla, setting the stage for the rollout of new online shopping capabilities, products and regional expansion. Contact has been in the business of consumer finance since 2001, while Wasla was founded in 2018 by Serag Meneassy and Taymour […]
    Topics: million, finance, introduce, provider, payment, wasla, techcrunch, set, ecommerce, financing, including, retail, nabs, experience, platform, egypts, business.
  • Ex-Chime engineers raise $4M for B2B payments infrastructure startup Streamlined - While working as the head of treasury at Braintree, Boris de Souza once discovered a $90 million payment that went “missing” for over two weeks because of poor payments infrastructure. “It was my first week on the job, and I received an email from a client saying ‘I think you shorted us $90 million,’” he […]
    Topics: techcrunch, engineers, million, ecommerce, businesses, infrastructure, startup, raise, 4m, payment, souza, b2b, business, exchime, streamlined, payments, ach.
  • Expand Payment Options to Convert More - Essential features for many online stores in 2022 include enhanced chatbots, virtual product sampling, and real-time order tracking. But what happens once shoppers reach the checkout page is equally important. Plenty of issues — such as limited payment options — can interrupt the process.
    Topics: payment, payments, convert, stores, expand, consumers, shoppers, order, merchants, pay, options, mobile.
  • FinXP launches Real Time Payments - Payment and banking service provider FinXP has launched Real Time Payments by FinXP (RTPF). This is an account-to-account payment method that is targeted at online merchants. The Malta-based electronic money institution says its transaction fees are lower than many other popular alternative payment methods. Online payments have become increasingly popular… Continue reading
    Topics: real, payment, popular, payments, launches, online, transaction, merchants, finxp, rtpf, fees.
  • Founded by ex-Braintree and PayPal execs, Pagos raises $10M to offer API-driven payment intelligence - Pagos, a payment intelligence infrastructure startup founded by former Braintree and PayPal execs, has raised $10 million in seed funding. Started earlier this year, the remote-first Pagos is building a data “platform” and API-driven micro-services that it says can integrate with any payment stack. The end goal is to drive better performance and “optimization” of […]
    Topics: techcrunch, pagos, raises, founded, execs, payments, payment, customers, paypal, intelligence, team, companies, offer, bäck, services, data, exbraintree.
  • Four New Countries and Launch of Multi-Currency for WooCommerce Payments - Our native payment solution, WooCommerce Payments, is available in four more European countries! If you’re a merchant in Spain, France, Germany, or Italy, you can now benefit from a secure and fully integrated solution that supports new local payment methods. In this latest iteration of WooCommerce Payments, we’ve also introduced Multi-Currency. You now have the […]
    Topics: know, local, store, available, customers, solution, woocommerce, countries, multicurrency, launch, payment, payments.
  • Fulfillment platform Byrd raises 16 million euros - Byrd, which offers ecommerce fulfillment, has raised 16 million euros in a Series B funding round. The Austrian company will use the money to further expand in Europe. It’s currently active in five European markets, but is set to expand to five more. Byrd was founded in Austria and 2016… Continue reading
    Topics: europe, expand, banking, company, whitepaper, million, euros, payment, ecommerce, fulfillment, markets, byrd, merchants, raises, platform.
  • German ecommerce companies are generous with return policy - Major online retailers in Germany are, in general, very generous when it comes to their return policy. Every second retailer extends its return period beyond the legal minimum. And 13 percent of ecommerce companies who specify a time period for remittances pay earlier than promised. Returns in ecommerce are still… Continue reading
    Topics: customers, companies, portal, generous, policy, online, german, returns, offer, pay, label, return, retailers, ecommerce, payment.
  • Getir acquires Blok, expands to Spain and Italy - Turkish grocery delivery startup Getir has acquired Blok, a similar rapid delivery service from Spain. The acquisition gives Getir immediate access to Spain and Italy, where Blok was available most in Madrid, Barcelona and Milan. Prior to the acquisition, Blok was preparing to launch in Portugal, so this country is… Continue reading
    Topics: euros, delivery, getir, banking, blok, whitepaper, spain, payment, italy, million, expands, acquisition, acquires, raised.
  • Google Pay and Apple Pay Begin to Accept Cryptocurrencies in Their Transactions - Both companies are allowing users to add the Coinbase Card to their mobile payment services.
    Topics: users, transactions, accept, payment, wallet, coinbase, google, pay, apple, using, cryptocurrencies, money, begin.
  • Here’s Why PayPal Should Acquire Pinterest - PayPal has denied published reports that it is interested in acquiring Pinterest. Nonetheless, if consummated, the transaction might be the first of many similar acquisitions as platforms seek vertical integration. In this post, I'll address why it makes sense for PayPal to buy Pinterest.
    Topics: integrated, seek, paypal, pinterest, creators, pay, processing, payment, industry, acquire, heres, vertical.
  • Hokodo raises over €10 million to scale across Europe - Hokodo, a B2B buy-now-pay-later provider, has raised 12.5 million dollars (10.28 million euros) in a Series A round. The London-based fintech startup will use this money to extend its services across Europe. The funding round is led by Mosaic Ventures, with participation from Notion Capital and angel investors including Taavet… Continue reading
    Topics: payment, online, offer, million, raises, europe, sales, scale, solution, klarna, merchants, hokodo, terms.
  • How much do Latinos use social media to sell? - For Mexicans, Brazilians, Argentines and Colombians that the merchant is not a scammer is one of the biggest concerns when buying through social networks.
    Topics: colombia, argentina, latinos, media, security, payment, brazil, mexico, commerce, social, networks, sell, channel.
  • How to Accept Payments Online for Free [7 Top Payment Providers] - If your ecommerce business isn't offering your customers multiple ways to make payments online, you're leaving money on the table. While there's no way to escape some transaction fees and currency fees, there are ways to reduce payment processing costs and receive payments online for free.
    Topics: providers, processing, payment, accept, free, online, mobile, customers, website, payments, pay, credit.
  • How to Choose a Payment Gateway - With the right payment gateway, you can make it easy for customers to purchase your products. Learn how to choose the best one for your business.
    Topics: choose, need, store, payments, gateways, gateway, payment, hosted, woocommerce, right, customers.
  • How to Select the Right Payment Gateway and Payment Processor for Your Ecommerce Business - With more than one in five retail dollars now spent online, identifying the right payment processor and payment gateway is a "make or break" decision.
    Topics: select, provider, customers, gateway, making, credit, business, shopping, payment, right, processor, online, card, ecommerce.
  • How to Sell CBD Online - The CBD market is booming, and the growth of eCommerce will only amplify it. Now is the time to build and launch a CBD online store. Learn how to build your website and get the top tips for boosting your CBD sales. Why you Should Look to Start a CBD Online Store? 1. The CBD Market is Growing CBD is a budding business.The cannabidiol (CBD) market is booming but starting this post with a pun was unavoidable. In a report released from the Brightfield Group, a company specializing in predictive consumer and market intelligence for the CBD and cannabis industries, they noted CBD sales are expected to reach $20 billion by 2022, with a compound annual growth rate of 147%. While forecasts aren’t set in stone, historical numbers can’t lie. Ninety-seven percent of cannabis users primarily took CBD for chronic pain relief, while 50% of 100 respondents said they used CBD to reduce stress or anxiety. Looking at the same CBD usage statistics, 45% stated they took CBD to improve a sleep disorder, most commonly insomnia. Numbers aside, it’s hard to miss the explosive growth and use of CBD products. People of all ages, backgrounds, and lifestyles seem to be avid consumers and it feels like almost everyone has experimented with various forms of CBD for one reason or another. It is truly becoming a mainstream component of today’s culture, which means there is a huge market opportunity for business owners. Whether you’re already in the CBD business, or looking to break in, now is the time to launch your online store. For those with brick-and-mortar shops who might be wondering whether to expand, you honestly don’t have a choice. Taking an omni-channel approach to your CBD business will be the key driver behind continued success and growth, because if you don’t, your competitors will. 2. ECommerce in General is Exploding In the United States, sales of CBD in the e-commerce channel are forecast to increase from approximately two billion U.S. dollars in 2021 to more than six billion U.S. dollars by 2026. The new shopping mindset of the consumer is pushing more companies than ever to turn their sights to the internet, and you don’t want to get left behind. 3. The Constraints around CBD Have Loosened The passing of the 2018 Farm Bill federally legalized the production and sale of industrial hemp in the U.S., the plant where CBD derives. Legislation helped facilitate explosive growth in CBD products by reclassifying CBD and disassociating the compound from its cousin, THC, giving growers and businesses the ability to legally manufacture, sell, and ship hemp-derived products. This in turn gave consumers easier access to CBD, and as we know today, convenience in shopping is everything. Positive public perception surrounding weed in general is on the rise with legislators on both sides of the aisle looking to support the full legalization of cannabis. More than two in three Americans (68%) support legalizing marijuana, maintaining the record high level, according to a Gallup poll. The same research shows Democrats (83%) in support of full legalization, with Independents coming in at 71%, and Republicans on the fence at 50% supporting full legalization. 4. Consumer Demand is High From recreational use to treating everyday anxiety and stress, or even alleviating the symptoms of more serious medical conditions like Parkinson’s or PTSD, the reasons for consuming CBD are expanding, and just as with any product, consumers like having options. You can find CBD coffee shops as well as established spas offering CBD massages. Companies even sell CBD pet products. From CBD oil to gummies, chocolates, creams, supplements, vapes, or even chap stick and nasal spray, manufacturers and distributors are getting more creative with what products they’re infusing with CBD. The Bottom Line is Consumers Want CBD. The Demand is There. Nine million people started using CBD for the first time due to the pandemic; on average Americans spend an average of $20–$80 per month on CBD. One in three American adults have used CBD oil, and over 66% of the population is familiar with the product. Moreover, about 40% are using it for chronic pain relief. What does the average CBD oil user look like? 20% of U.S. adults aged 18-29 personally use CBD products, with the percentages decreasing as the age groups progress. An expanded customer base means more potential sales and opportunities for your CBD business, but it also means you need to find and define your ideal customer and product. The first step, however, is making sure your business is legal. Ensuring you Sell CBD Online Legally The answer to the question, “is it legal to sell CBD online?” is yes and no. If you’re looking to expand your existing company or are interested in starting an online CBD business, I’m sure we don’t have to tell you this, but we’ll restate it anyways – selling CBD oil or other products, online or in-store, is not the same as selling marijuana. They are different; marijuana is in fact still federally classified as a Schedule I narcotic by the Drug Enforcement Agency (DEA). A Quick Overview: CBD vs. THC Without getting into the weeds, the high-level differentiation between the two is that the compound CBD is typically extracted from the hemp plant, while tetrahydrocannabinol (THC), is extracted from the cannabis plant. CBD contains minimal to no traces of THC and is non-psychoactive, so it does not affect the brain the same way that THC does (also, if you caught that last pun, I promise there are only one or two more). While federally legal, CBD is still highly regulated both nationally and at the state level. The Farm Bill shifted oversight from the DEA to the Food and Drug Administration (FDA), which means there is a whole array of testing that needs to be done and labeling regulations that must be meticulously followed. States also have the final say as to whether it’s legal to buy, possess, manufacture, or sell CBD products within their borders. Using hemp-based CBD for recreational or medicinal purposes remains illegal in in Idaho and Nebraska. Do’s and Don’ts of Selling CBD Know your state-by-state laws. CBD sellers and buyers should know where CBD is legal. This is a two-way street. As a business owner however, you need to ensure that your online CBD store is built to handle the varying regulations. To legally sell CBD, all products must be within the THC limit of 0.3%. You need to be 100% positive the products you're selling, or if you’re manufacturing and providing wholesale options, that your CBD products follow this guideline and don’t surpass the legal limit. Do not make health claims. The FDA has issued warning letters against making health claims. While both marijuana and CBD have documented health benefits, there is only one FDA-approved drug that contains CBD at the moment, the epilepsy medication Epidiolex.  Some states have legalized medical marijuana and the grip on CBD is loosening, so the opportunities for researching cannabis and running studies to understand marijuana and CBD benefits are expanding. Until it’s been thoroughly vetted however, it’s best to steer clear of making health claims. Finally, your products must be labeled correctly. Your label has to say CBD (among other things). This is essential for you to not only ensure your FDA compliant, but for shipping carriers to acknowledge and mail your products. Finding a CBD distributor whose products comply with FDA regulations is vital, and just like your customers would expect to trust you as a business, you need to know you can trust your source. There are many components to a CBD business, and your distributor is just one piece of the puzzle. Starting a CBD Online Business So you’ve decided to dive in. You’ve researched how to sell CBD oil (or other CBD products), sculpted a business plan, and are now ready to build and launch your brand. There are several pieces you need in place to start selling and making revenue. 1. Finding a Reputable CBD Supplier If you already own a CBD shop, you can skip ahead to part 2. If you’re just getting started and are looking at reselling CBD products that have already been manufactured or are interested in creating your own, you need a high-quality CBD supplier. There are a number in the market today, both U.S.-based and international that you can choose from. Many wholesalers in the U.S. have been sourcing their CBD from Europe, where farmers have had years more experience in growing hemp, so sourcing from abroad is an option. With the 2018 Farm Bill in place, I would expect the national options to be on the rise. Regardless, there are two key documents you’ll want to make sure any distributor has - the cGMP and COA. Certificate of Analysis (COA). Make this mandatory and make sure you know how to read a COA report. It is essential for you to vet the quality of the products or CBD extract you’re purchasing and ensure you’re running a legal business. The COA is a report that provides the test results and analytics (usually run by a separate 3rd party lab), of the supplier’s CBD goods. It will confirm what plant species the CBD was extracted from, the levels of CBD and THC, and verify you’re within your legal 0.3% limit. The COA will also give you a detailed analysis and the percentage breakdown of the other components that might be found in the CBD, including heavy metals, pesticides used on the plant (sample below), and terpenes, an aromatic oil that is secreted from the plants (it’s what gives off that skunky or sweet smell). If you’re ever in doubt, you can always get a test run yourself. Neither you nor your customers should be surprised by what’s in your products and you don’t want to be responsible for health risks. Source: AZWholeistic.com Current Goods Manufacturing Practice (cGMP). GMP is set of rules and regulations set forth by administrations, like the FDA, to ensure that products are safe for human consumption by outlining standards for how they’re manufactured, cleaned, packaged, and handed. Manufacturing facilities that meet these standards will be given a certificate, which is a good indicator for you that their practices conform to FDA and individual state guidelines. 2. Building and Launching CBD Websites Your online store will be your most powerful tool for driving revenue, so you’re going to want to make sure it’s aesthetically pleasing and user-friendly. Ecommerce platforms come in many shapes and offer a myriad of capabilities and features. There is no one-size-fits-all solution. You’ll want to pick one that meets your business requirements. Option 1: Pre-Built Templates If you find yourself short of a web developer and need a solution that provides front-end themes, store templates, and other UI components out-of-the-box, companies like Shopify and BigCommerce might be a good choice. Platforms like these will also include other business critical features like shopping carts, but often provide flexibility when it comes to customizing. Option 2: Custom Stores If you want to provide a unique shopping experience tailored to your brand and consumer and have decided to go with a custom front-end, you will need an ecommerce solution that provides core services and features like shopping carts, checkout processes, and catalogue management. These pieces will have to tie seamlessly into your website and companies like Elastic Path or Commerce Tools will offer the type of solutions you’ll need. Either way, an attractive website with easy-to-understand navigation and fast loading times will make your users’ journey convenient and frictionless, the key to a higher conversion for you. Due to the nature of the CBD and marijuana industry, insurance companies, merchant account providers, and payment processors consider CBD businesses ‘high-risk.’ Many won’t take you on as a customer. Payment gateways and payment processors are no different, but there are a number that specialize in helping high-risk CDB businesses such as Payment Cloud or Easy Pay Direct. Make sure that whichever provider you choose, you can seamlessly integrate it with your full eCommerce platform or cart and checkout process. Without the ability to accept credit cards and process payments, an online store is pointless. A note on cannabis-focused cryptocurrency You can accept payment types outside of the typical credit card payment. For example, CBD companies like BlueBird Botanicals accept cryptocurrency on their website. Accepting and processing cryptocurrency payments gives you a broader array of payment pathways you can give your customers, many of whom may be trading cryptocurrencies. From household names like BitCoin, to industry specific options like HempCoin, there are a number you can look at. There is some concern that cryptocurrency will fail soon and that this link between industries will flop by association. However, it hasn’t yet and there seem to be close cultural ties between Cryptocurrency providers and CBD supporters, which is why many speculate the two industries have looked to each other for support. 4. Shipping Carriers With CBD being federally legal, you won’t face a lot of restrictions here, if you make sure you follow the guidelines of whoever you decide on using. The United States Postal Service has guidelines on shipping hemp-based products. UPS will carry your CBD products, just make sure you’re keeping tabs on what’s required. Top Challenges with Selling CBD Online & Suggested Solutions Everything we’ve discussed so far is just the tip of the iceberg. Once you’ve guaranteed your CBD products are legal, built your website, and found funding, the real eCommerce challenges begin. 1. Banking and Payment Processing  We just walked through a short overview of why these are important but finding a payment processor and merchant account for your company is probably one of the most frustrating parts of bringing your CBD business plan to life. Providers that specialize in helping ‘high-risk’ merchants usually have higher processing fees, more restrictions, and will give you less time to solve chargeback issues. If you’re only selling CBD products online, you’ll have to choose a 3rd-party provider that will process payments for CBD goods out of the gate. If you sell other goods and have decided to expand your product catalogue to include CBD, you already have these systems and providers in place. This means you may need more than one, and your back-end website logic will have to treat CBD products differently. You’ll have to handle any payment restrictions or limitations at the product-level. This will add a lot of complexity to your site architecture and will require a higher degree of customization in the back end. Resources for Finding online CBD Payment Processors or a Merchant Account for CBD The Best CBD Merchant Account Providers CBD Payment Gateways 2. Risk of Losing Access to your 3-party Providers You’re at the mercy of whichever merchant account provider, eCommerce solution, or payment gateway you choose. It’s not unheard of for these companies to update their acceptable use policies on a whim and add new limitations to what their platforms can be used for. With CBD still a gray area legally, you’re pretty much always at risk of losing access. Tip for Reducing Risk: Build a website that decouples your front end, or what the customer sees, from the back end and take a component-based approach to building your eCommerce experience. This is a technical tip but taking these steps will give you the flexibility you need to switch vendors quickly if needed and will give you complete control over your website.  What we mean by this is, don’t lock yourself into a single vendor that offers everything ‘out-of-the-box’ with a particular list of integrations they suggest using. Giving yourself options and flexibility will reduce the risk of you losing the ability to keep your business running. 3. Tying State Regulations into your Cart and Checkout Process If you’re selling a mix of products that aren’t just CBD-based, you need to make sure your online store can implement product-based shipping rules that will guarantee you stay within safe shipping zones depending on what’s in your customer’s cart. Different taxes may also apply to different goods and depending on the state, so your shopping cart will need to be able to access the right data and apply it accordingly. 4. Competition and Differentiating your Business Earlier in this post, we talked a lot about the extensive market opportunity that CBD provides business owners and how the rise of ecommerce is geared up to support the continued growth of the industry. Unfortunately, with opportunity like this, comes great competition. The ‘green-rush’ is very real. Everyone, from your next-door neighbor to your local coffee shop, gas station, and even multi-national organizations are looking to take advantage of this increase in market demand. Many pharmacies and retailers now carry CBD products. The good news is, it’s still not a reality to sell CBD products on major platforms like Amazon and eBay. Tips for Beating the Competition: This is why it’s vital you build a trustworthy brand that consumers will love and follow. This starts with you providing a custom, customer-centric online experience. It’s like that saying where you have seven seconds to make a first impression. In this case, your website will have to do that for you. 5. Marketing CBD: Advertising and Promotions Anyone’s initial thoughts on how to build awareness and beat the competition would be jump on the online advertising bandwagon. Sorry again, but you’ll face huge limitations here as well. Google and Facebook Ads will not run CBD ads. This means you can’t leverage some of today’s biggest consumer platforms to market your products, like Instagram, in the same way other retailers can. This is a key reason you see brands vying for the attention and support of influencers, which, is a great tactic to explore. However, short of getting the Patriots’ tight end Rob Gronkowski to partner with you and publicly back your business and product, you’ll have to get a little more creative in how you advertise your business. Tips for Advertising your CBD Business Focus on increasing website traffic with an SEO strategy and blog posts. We can’t state this enough, but your website is really the heart of your business. Build and implement a solid SEO strategy around CBD keywords and your products. Start a blog and publish regular, educational, and informational content. The goal here is to establish yourself and your business as an industry leader, or at the very least, as a knowledgeable and trustworthy brand. Blogs are also a powerful tool to connect to other 3rd party CBD companies or industry publications. Offering to link to them in exchange for a mention on their site will increase your backlinks and make you more favorable in Google’s eyes.   Leverage industry publications. Speaking of publications, there are several marijuana and CBD magazines and sites with both print and digital editions, all of which offer advertising in one form or another and have Facebook and twitter followers in the thousands. Take a look at some of our favorites: Cannabis Culture Magazine Marijuana Business Daily Leafly’s Blog Emails. Seems basic but drive site visitors and blog readers to subscribe or leave their email so you can continue to send them information. Tradeshows. This is huge. Due to limitations surrounding online advertising, you may want to place a higher priority on making it to in-person events. There are several shows globally, multiple times a year - and they’re expanding rapidly. Tradeshows are not only a great place to meet potential customers and other CBD business owners (if you’re B2B) but also CBD suppliers, growers, manufacturers, labs for testing and analytics, flavor suppliers, and distributors. You might even meet a law firm or eCommerce platform that specializes in CBD. CBD Expo CannaCon Top Features to Look For in an eCommerce Solution for CBD We’ve talked a lot about how your website will be the key to success for your CBD business. All aspects of your business will flow through that online portal and because you’re selling regulated goods, some aspects will be more difficult to manage. Here’s the three key attributes you should look for when building your eCommerce site: Scalability. Whether it’s handling a larger volume of traffic and order placements, to a growing product catalogue, your site, and primarily your cart and checkout process, should be able to grow with you as your business scales. Flexibility. You need to seamlessly integrate with a multitude of 3rd party providers that address steps across the entire customer journey to keep the engine running. Just as you should be able to easily weave one into your architecture, should you be able to replace one. When your payment processor decides to stop handling payments for CBD products you don’t want to be stuck and risk losing the ability to accept credit card info. If you’ve decided to accept bitcoin payments for your products, you ecommerce site will need to be able to handle multiple payment types. Long term, as you expand, you might want to start using multiple languages and accepting foreign currency. You will also need to implement a variety of tax specifications and shipping regulations by state. If you decide to include an age-verification step in your checkout process, your site will need to be able to accept and process this data. Speed. You lose revenue for every millisecond your site doesn’t load. We’re not kidding. Amazon did a whole study on it. Your site’s architecture and the tech stack that supports it will directly impact your site performance. Building your eCommerce Experience with Elastic Path You only get the true flexibility you need from an eCommerce site that has an API-based architecture that decouples your front-end from your back end. Yes, I’m talking about headless, but merely picking a headless solution isn’t enough - you need a headless approach that is also ‘services based’ (meaning each part of your eCommerce journey is a separate microservice component that can be assembled together). We’re not talking about using a platform like BigCommerce, Salesforce, or Shopify that offer a form of ‘headless,’ where the APIs are bolted onto the infrastructure already in place, but about building CBD websites with a natively microservices-based back end completely built on APIs. This will enable you to create an eCommerce site with fit-for-purpose components and provide only the features you need. You can learn more here, about why a headless approach to ecommerce is the best option for regulated or high-risk businesses. With Elastic Path you can easily manage complex back-end logic and alleviate many of the challenges you’ll have to face when building and launching your online CBD store. Let us know if you want to learn more about how Elastic Path can help you launch and manage your CBD business.
    Topics: business, products, need, youre, cbd, sell, payment, ecommerce, marijuana, online, site.
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    Topics: bank, launches, solution, open, payment, banking, financial, romania, fintech, smartpay, smart.
  • Spanish flower delivery startup Colvin raises 45 million euros - Colvin, a flower delivery startup from Spain, has raised 45 million euros. It will use the new funding to expand its operations in Europe, starting with France. It will also invest further in its platform, and expand the team to about 300 people. Colvin currently operates in Spain, Portugal, Italy,… Continue reading
    Topics: flowers, startup, colvin, payment, million, expand, raises, spanish, euros, delivery, team, flower, whitepaper.
  • Stablecoin, CBDCs Could Improve Ecommerce - Digital currencies have the potential to expand ecommerce, lower transaction fees, eliminate chargebacks, and prevent fraud. So far, however, volatility and its fear have stopped most merchants and brands from accepting cryptocurrencies. But this could be changing.
    Topics: improve, digital, card, fees, merchants, bank, payment, cbdcs, ecommerce, currencies, transactions, stablecoin, stablecoins.
  • Swedish fintech Juni raises 18.2 million euros - Juni, a fintech company from Sweden that is aimed at ecommerce and marketing entrepreneurs, has raised 21.5 million dollars (18.2 million euros) in a Series A round of funding. The money will be used to focus on Juni’s product development and to hire more people. As an online banking platform,… Continue reading
    Topics: banking, whitepaper, million, fintech, euros, swedish, payment, grow, juni, raised, funding, raises, months, online.
  • Text Commerce Is Upfront Permission to Sell - Text commerce is the process of obtaining payment and shipping info from shoppers upfront as well as permission to send offers. The model can solve multiple hurdles for merchants.
    Topics: service, text, wine, shipping, sell, payment, upfront, permission, ecommerce, address, coffee, business, messages, commerce.
  • - When you start an ecommerce site you realize that there are loads of items that need to be checked, cross-checked, and tested to ensure that your customers have a quality user experience. From the website design to a sleek, quick… Continue reading The 14 Point Ecommerce Launch Checklist (Mar 2022)
    Topics: payment, checklist, launch, product, site, website, point, mar, customer, page, pages, customers, shipping, ecommerce.
  • The State of Cannabis Payments in U.S. - How does the cannabis industry flourish when it is banned by federal law, shunned by the credit card networks, and rejected by most banks? How do cannabis retailers accept payments when credit cards and merchant accounts are unavailable? I'll examine those questions and more in this post.
    Topics: state, merchants, retailers, merchant, credit, cannabis, payment, card, payments, cash, providers.
  • - Welcome to our ultimate Sezzle review. If you run an online business you know how crucial it is to offer your customers the right payment solutions at checkout. Imagine offering only Sripe as the payment option for shoppers on your… Continue reading The Ultimate Sezzle Review (Dec 2021): A Pay Later Service for Online Shopping
    Topics: online, dec, customers, customer, product, ecommerce, pay, shopping, later, credit, solution, sezzle, review, ultimate, payment, service.
  • Top 10 Things Customers Expect from Your Online Store - Customer experience is key to any online shopping scenario. Shopping behaviors dictate these experiences and if you’re paying attention to your bottom line there are a few rules to follow: 1. Omnichannel Experience: Allow your customers to shop any way they choose. What that usually means is a blended, omnichannel approach from discovery to purchase. Your customer may start in a brick-and-mortar store window shopping for their next couch, but the transaction may occur on a tablet as they settle in for the night streaming their favorite show. What that means for you isa consistently branded, fully optimized experience across all platforms. From store, to smartphone, to laptop, the experience is seamless. 2. Clear Shopping Interface: One of the key detractors for an abandoned cart is always a clean interface with the shopping cart in clear view. One of theUser Interface design champions is Amazon. With the uncluttered layout and icons (including shopping cart), the user is guided through their shopping journey from search to checkout. 3. Visual Appeal: In addition to clear focus towards checkout, shoppers respond to pleasing layouts (more UI driven design). A trend in the mobile commerce world is the adoption of integrated design. More and more apps are turning to animation and card layout design to entice the user to engage in any way they choose. Here is an example of the card layout design. 4. Robust Search: The larger your product catalog, the more important site search is to your ecommerce success. While it's rare to find an ecommerce site without a search box, it happens, even among some of the most famous brands. Search result usability is also important. Customers expect filtered navigation to further refine results by attributes that are meaningful to them (category, price, star ratings, color, size, etc.). Killer search result pages provide filters, the ability to sort results, prices, stock availability, large thumbnail images, product description snippets and add-to-cart/add-to-wish list buttons. When it comes to product search, Elastic Path partners with Algolia to enable product catalog sharing. Elastic Path offers the script to push the catalog from Elastic Path Commerce Cloud to Algolia. With an integration partner for functions like search, you ultimately build better user experiences with easy implementation and quicker speed to market. 5. Customer Reviews: Customer reviews are known to increase conversions by as much as 270%, with a majority of shoppers (82%) seeking out negative reviews. Word of mouth matters, and shoppers not only seek it out they clearly trust it. 6. Chatbots Shoppers: Prefer the ease of contacting a chatbot to resolve cart or order issues versus making a time-consuming live call and be subjected to the dreaded call queue, or the slower pace of waiting on an email inquiry response. Aside from customer support, product suggestions are a chatbot use case to guide your customer towards purchase, much like a personal shopper. You may also see applications in weather, online banking, news, or even ordering a pizza. Chat is good for business. Research shows sales activity transacted through chatbots, digital voice assistants, and messaging is expected to rise from $41 billion in 2021 to $290 billion by 2025 according to Juniper Research. Read more about top chatbot providers in the market. 7. Personalization: With so much competition in the marketplace it’s important for brands to differentiate themselves with unique experiences. A growing demand for personalized shopping, often tied to social media, is highly sought after among online shoppers. With the ability to curate personal collections and browse influencer content, shoppers are enticed by product suggestions specifically tailored to their style. 8. Payment Methods: Allow customers to pay with any method they choose. Alternative payment options like digital wallet options from Apple, Google, or Samsung are widely accepted and favored for their touchless function. A growing trend in mobile payment is the BNPL (Buy Now, Pay Later) option from vendors like PayPal and Klarna. BNPL provides a broader payment solution for those on a budget who seek big ticket items. 9. Quick Page: Speed The albatross of all shopping experiences. The slow page load. You have a matter of seconds to impress a shopper once they arrive at your site. The good news is you have established metrics and UI/UX design methodologies in your corner to optimize the experience. 10. Easy Checkout: The checkout process can be tedious enough with entering multiple fields on a smaller smartphone screen. It’s frustrating to get so close to the “place order” finish line then have the burden of a forced account sign up. It most likely results in an abandoned cart. Create more options for shoppers by allowing them either path to purchase; create an account, or simply checkout as a guest.
    Topics: shoppers, customers, customer, things, store, shopping, cart, expect, design, online, search, payment, path, experiences, product.
  • Trustshare runs escrow infrastructure as a service to facilitate online sales - Meet Trustshare, a London-based startup that is working on escrow infrastructure for online classified, B2B marketplaces, trade directories and more. It’s a white-label platform that can be integrated with online marketplaces in just a few lines of code. If you’ve ever tried to sell something expensive on the web, you know that it’s hard to […]
    Topics: uk, know, techcrunch, sales, infrastructure, payment, trade, facilitate, money, checkout, runs, online, escrow, marketplaces, service, trustshare.
  • Understanding and Troubleshooting Failed Orders - Why do orders fail in WooCommerce? Is there a site problem? Can it be fixed? Learn why orders fail, how to solve common issues, & how to prevent future errors.
    Topics: gateway, card, woocommerce, understand, order, failed, solved, payment, steps, fix, message, customers, status, error.
  • Using Amazon Pay to Create a Customer-Centric Checkout Experience - Shopper experience lies at the heart of ecommerce. Businesses can succeed or fail depending on how seriously they take customer…
    Topics: payment, pay, amazon, customer, create, process, experience, trust, using, shoppers, customercentric, checkout, merchants.
  • Want More Revenue? Improve Users’ Checkout Experience - Don’t lose customers at the last second! A few changes could boost your revenue overnight — really! See the best ways to streamline checkout & maximize sales.
    Topics: users, experience, site, woocommerce, improve, customers, product, shipping, revenue, page, checkout, payment, store, account.
  • With founders hailing from Colombian unicorn Rappi, payments startup Yuno raises $10M from a16z and LatAm VCs - As the Latin American startup scene has matured, founders and executives of multibillion-dollar companies in the region have started to move on to new ventures. On Wednesday, TechCrunch reported on Mara, a São Paulo-based startup that aims to “reinvent” the grocery shopping experience for the underserved in Latin America, and its $6 million raise. One […]
    Topics: startup, raises, vcs, rappi, companies, pain, payments, solution, unicorn, experience, latam, yuno, hailing, payment, latin, techcrunch.
  • Your Startup Guide For Selling Wholesale to Other Retailers - Is selling wholesale worth it as a small business? A $10 trillion industry, wholesale can be a profitable sales channel for any retailer. Learn how to set up your channel and start selling wholesale items today with this guide.More
    Topics: retailers, order, startup, shopify, selling, customers, store, product, payment, guide, business, products, wholesale.
  • Zero-waste online supermarket GerneOhne launched in Germany - New online supermarket GerneOhne wants to prove there’s another way to shop for groceries. Since the first of July, customers across Germany can order plastic-free packaged food online and have their groceries delivered to their homes. GerneOhne, which translates to ‘Gladly without’, was founded by Eduardo Castaneda, Sergey Gladyshev and… Continue reading
    Topics: shipping, zerowaste, gerneohne, orders, products, reusable, launched, germany, startup, payment, whitepaper, supermarket, online, glasses.
  • eBay rolls out fulfillment service in UK - eBay will roll out a new service in the United Kingdom: eBay fulfilment by Orange Connex. This is an end-to-end fulfillment service for eBay business sellers located in the UK. It offers same-day handling, late cut off times and the option of next-day or standard delivery to end customers. With… Continue reading
    Topics: sellers, uk, ebay, connex, payment, service, orange, online, fulfillment, delivery, rolls, fulfilment.
  • ‘Amazon accepts Bitcoin by the end of 2021’ - Amazon is said to accept Bitcoin payments by the end of the year. Ethereum, Cardano and Bitcoin Cash will be next in line. And then Amazon will release its own native token, an insider says. Amazon is “definitely” lining up Bitcoin payments and its own token, an insider told City… Continue reading
    Topics: idea, end, payment, insider, payments, token, online, accepts, amazon, solutions, whitepaper, bitcoin.