Are your customers paying with a credit card? If so, it’s going to cost them…a lot more. Trying to pay with a credit card has become much more expensive these days. Businesses, in an effort to offset the numerous fees they must pay on credit card transactions, are charging their…
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…
COVID-19 was responsible for massive shifts in our society and economy. It has especially increased consumer reliance on subscription-based services for goods, food, and entertainment. Why the surge in interest? Customers have the flexibility to try out new products and services without commitment. Companies benefit from this popular business model…
Bankful, a Payment Service Provider “PSP”, announces a partnership with Wix (Nasdaq: WIX), a leading global SaaS platform to create, manage and grow an online presence, incorporating crypto processing as a new payment option through Bankful on the Wix platform. With Bankful’s effortless integration into Wix, eCommerce merchants now have…
As the use of debit, credit, and ACH payments continue to rise, eChecks are also gaining traction as another alternative form of payment. With eChecks, merchants are able to utilize the ACH network to remove funds for their products and services directly from their customer’s banking account, all with the…
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…
The entire infrastructure of payments is undergoing massive shifts and transformation. Although already growing in recent years, the most recent catalyst forward was the outbreak of the pandemic. Merchants worldwide pivoted their business operations overnight to survive the lockdowns. More consumers were reluctant to go into stores and preferred to…
McKinsey & Company, a US management consulting firm, has conducted its annual Digital Payments Consumer Survey to document the adoption of digital wallets and mobile payments by US consumers. Their 2020 study clearly shows the immense impact that COVID-19 has had on digital payment trends and a radical shift in…