Previously dubbed a “niche form of credit,” Buy Now Pay Later (BNPL) opportunities have burst onto the scene, growing more in popularity, even more so during the pandemic. BNPL refers to a service that allows consumers to purchase a product instantly, but delay full payment until a later date. These…
Emarketer projected that e-commerce is set to grow another 13.7% in 2021, hitting $908 billion in e-commerce sales. While e-Commerce is enjoying an unstoppable force of growth, fraud is also quickly gaining ground. Juniper Research released a study, “Online Payment Fraud: Emerging Threats, Segment Analysis & Market Forecasts 2021-2025,” where…
As e-Commerce continues to burst at the seams with growth and profit, it is only reasonable that high-risk merchants would want a piece of that lucrative pie. Traditional payment processors do not want to engage in any type of business where great risk is involved, and therefore, do not accept…
The pandemic made a significant impact the world over, affecting how most people lived and how they worked. More people took advantage of contactless online and mobile wallets to make their payments. According to the UK Payment Market Summary 2021, more than 52% of payments were made by cards in…
Square has worked tirelessly to build a brand that makes processing credit card payments easier and more accessible to anyone. Vital partnerships with key players in the payments industry have facilitated the use of Square for payments and selling online. Connecting Square To Your Online Store Square is currently connected…
Online retail has never been more critical for small businesses than during this pandemic. That is why Square and Google have teamed up to reveal a new integration with the Google Merchant Center. Its aim is to support Square’s 1.7 million merchants in the search for new customers via Google’s…
According to Grand View Research, the global payment gateway market size was estimated at $18.21 billion back in 2020. It has a compound annual growth rate or (CAGR) of 21.7% for 2021 to 2028. Advances in mobile payment technology and the growing use of mobile wallets are two key factors…
On November 17, 2020, Shopify announced its partnership with Alipay, Asia’s most popular digital wallet platform. This collaboration takes cross-border commerce for Shopify’s merchants to the next level. Previously, Shopify merchants offered Alipay as a payment method, but through third-party providers. But now through their gateway, Shopify merchants will be…
A payment gateway is a critical tool that facilitates the ability for a merchant to process credit card payments for their e-Commerce business. It securely captures sensitive credit card data from the customer and where it is then transferred to the acquirer or merchant account. This can result in an…
A proactive approach towards fraud is an excellent strategy, but sometimes merchants decline perfectly legit transactions unknowingly. So how can you protect your business proactively without turning down payments from your hard-earned customers? Stats show a whole, 58 percent of all turned down payments are legitimate transactions. Because businesses hardly…