There has been a profound increase in smartphone usage and internet accessibility. According to Statista, there were 4.95 billion internet users in January 2022, accounting for over 62% of the global population, which has provided a substantial platform for digital payments. Many governments across the globe have been pushing for…
Woo, a prominent open-source eCommerce platform built on WordPress, provides merchants with a flexibility to select and incorporate an array of payment gateways to cater to their business needs and enhance the customer’s checkout experience. Understanding the Importance of the Right Payment Gateway Choosing an appropriate payment gateway for your…
Buy Now, Pay Later (BNPL), as the name suggests, is a modern, innovative payment solution that has revolutionized the way consumers shop. Essentially, BNPL is a form of short-term financing that empowers purchasers to acquire products or services instantly, yet disperse the payment over an agreed period – typically with…
Many Ecommerce businesses rely heavily on safe, secure, and quick online payment processing to drive sales and offer a seamless checkout experience to customers. The best payment gateway for ecommerce plays a helpful role in facilitating secure funds transfers between commercials and merchants. Payment gateways ensure transactions are processed smoothly…
Spain is a very mobile-friendly country with the highest smartphone penetration rate in Europe. With over three-fourths of the country being online and over half the country’s online purchases being paid with credit cards. If you are planning to accept payments in Spain, you will need a quality payment gateway…
Many of Ireland’s residents are internet users. Data even shows that 70% of Ireland’s population purchases everything online, while 60% of all these purchases are from merchants located in Europe. Due to these statistics, Ireland is one of the Western Europe countries with the highest spending energy per shopper. Online…
The United Kingdom (UK) houses several strong industries including its e-commerce market, which is the 4th largest market in the world with a revenue of over $110 billion. The UK’s e-commerce market is supported by countless users and is expected to only grow further and increase even more in size…
Japan has the fourth largest eCommerce market worldwide. Japan also has some of the lowest cross-border shopping rates worldwide. However, Japan is still primarily a cash-based county with the third highest cash usage in the world. As of 2018, cash payments in Japan made up 82 percent of overall payments. …
As of 2022, 46 percent of online purchases in Australia were paid by card. By comparison, cash and bank transfers were less prevalent among online customers, with 11 percent of online purchases being paid for with bank transfers and just three percent with cash. If you are planning to accept…
Overview of Payment Gateway: Canada A payment gateway is an online service that allows businesses to accept electronic payments for goods and services. In Canada, payment gateways are used extensively by e-commerce websites, online retailers, and businesses that require secure, reliable payment processing. A payment gateway functions as a secure…