By next year, global online retail sales are expected to reach $9.4 trillion. Even so, many online retailers aren’t currently well-positioned to take a big slice of that pie. With the market growing at such an unprecedented pace, retailers must keep enhancing their workflows, improving their processes, and keeping up with customer demand to remain competitive. One approach that can…
Most merchants accept the fact that payment processing comes with a cost. That said, when was the last time you took a closer look at your monthly invoice? If it’s been a while, you may discover that you’re significantly overpaying for this service. Payment processors can hide and inflate their fees in many ways, and not many merchants know what…
According to McKinsey, digital platforms will mediate 30% of all global economic activity as early as next year. One force behind this trend is the increasing ability of these platforms to embed payments directly into their app or website. By eliminating the middleman (external payment gateways), digital platforms can now offer a more seamless customer experience. Want to learn a…
If there’s one thing all merchants want, it’s delivering a seamless payment experience to their customers. Payment links are another big step in this direction, as they allow you to simplify this process into just a few clicks. Read on to find out what payment links are, why your business needs them, and how to implement them. What Is a…
With millions of malware and phishing attacks reported in the world on a daily basis, many businesses are looking into ways to improve their digital payment security. One such technology that has made waves is called 3D Secure, a protocol designed to act as an additional security layer on online credit and debit transactions. Not sure whether you should invest…
In this digital age, accepting online payments safely should be a priority for any small business. Unfortunately, this isn’t the case, as evidenced by recent studies showing that 58% of customers fail to complete an online transaction due to security concerns. Since most small businesses are operating with lower margins, this can have a major effect on their bottom line.…
Start by creating a payment security strategy that features these three security measures.