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eCommerce

Key Factors When Selecting and Setting Up an E-Commerce Platform

One of the fundamental choices that an e-commerce retailer must make is the platform they use to sell their goods and services.

With so many choices of platforms now available, it’s important that they make this choice carefully, with an understanding that a platform is a space not just for selling, but for building a brand.

The E-Commerce Times spoke with several e-commerce experts to get their take on how retailers can choose — and customize — platforms to get just the right fit between product, culture, and customer. Read more…..

Looking at your eCommerce strategy, or just getting into the market for the first time? Then talk to the eCommerce team at PaiSec. It costs nothing to talk and who knows you might walk away with some new ideas. Lets Talk!

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eCommerce

Fraud picks up as the economy goes digital during the pandemic, studies find

More than $1 trillion was stolen in 2020 due to cybercrime, according to the Sift report. As online and digital transactions increased due to stay-at-home orders, fraudsters had a new avenue to exploit consumers. 

Fraudsters targeted e-commerce, digital wallet transactions, and digital currency transactions the most in 2020. Professional marketplace transactions saw a 66% increase in fraud attempts with a 20% rise in average order value whereas digital wallet transactions experienced a 33% increase with a 9% jump in average order value, according to the March Sift reportRead more….

Want to understand more about how you can protect your business? Want to do this without impacting your customer experience? Then talk to PaiSec team about about our fraud and security programs integral to our eCommerce payments platform. It costs nothing to talk and who knows, you might walk away with some new ideas. Lets Talk!

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eCommerce

3 expert insights into the future of retail payments

Did you know it takes 22 clicks on average to complete an online checkout?

This was one of the discussion points during the recent Live Talk held by alternative payments platform Mode, as experts from retail and fintech shared their thoughts on what needs to change in retail payments.

Among the speakers was L.K.Bennett CEO Darren Topp who brought his experience of leading a non-essential retailer through the coronavirus pandemic to the conversation.

We’ve captured 3 of the best insights into the future of retail payments shared by the experts.

For all the insights, check out the Live Talk, The Rise In Alternative Payments: A Remedy For Boosting Sales And Customer Retention?, on-demand here. Read more….

Do you want to understand how you can reduce cart abandonment, create a single page checkout and improve your customer experience? Then talk to the team at PaiSec and understand how we can assist you to power up your eCommerce activity. After all it costs nothing to talk and who knows you might come away with some new ideas. Lets Talk!

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eCommerce

How fintechs can help small businesses recover and grow post COVID-19

Not every company is able to reopen their doors now that the world is starting to head back to work. With so many regulations and restrictions in place during the past six months, many businesses couldn’t stay afloat and ended up shutting their doors forever. But for those businesses that were able to keep their head above water during the pandemic, the realization that past marketing and customer engagement programs may no longer be effective to what now is a pretty savvy digital world. Read more…

Do you have an payments or eCommerce strategy? Want to understand how to get your business into the digital world? Or, do you want to get more from your existing eCommerce platform? Then talk to the eCommerce specialists. It costs nothing to talk amd who knows, you could walk away with some new ideas. Lets Talk!

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eCommerce

The great digital migration: 78% of consumers are changing payment methods

There’s a lot of talk, and a lot of percentages, being thrown around about how so many consumers are going digital and how so many small businesses are changing payment methods and a global study by Visa backs up the anecdotal information with research data.

The verdict: a portion of consumers and small businesses once reluctant to go digital prior to the pandemic have not only changed their payment methods, but are looking to continue the exploration of mobile and contactless payments moving forward.

Visa’s Back to Business study

The Back to Business study assessed the shift to digital commerce for consumers and small business, according to a press release. Conducted in the U.S., Brazil, Canada, Germany, Hong Kong, Ireland, Singapore and UAE, the study was directed by Wakefield Research between June 18 and June 29. For the study, 250 small business owners at companies with 100 employees were surveyed. For the consumer portion, Wakefield Research surveyed 1,000 adults age 18+ in the U.S., and 500 adults ages 18 and older in Brazil, Canada, Germany, Hong Kong, Ireland, Singapore and UAE. The data was weighted to ensure an accurate representation of adults ages 18 or older in each market. Read more…..

Have you transitioned your digital presence? Do you understand payments in the new low touch world? Is your eCommerce strategy 2021 ready?

If you answered NO to any of these questions, then you should be talking to the eCommerce specialists. It costs nothing to talk and who knows, you might walk away with a new idea. Lets Talk!

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AR Commerce eCommerce Mobile Commerce Omni-Channel Commerce

Retail Recalibration: The need for agile and flexible payment solutions

The word of the future is ‘recalibration’. Since the lockdown, businesses have had to adapt to the new normal landscape – employees working from home, restaurants closed, and store fronts moving online. Over the last few years, online shopping has steadily been increasing, with the likes of Cyber Monday and Black Friday key dates in everyone’s diary, and a 129% year-over-year growth in US and Canadian e-commerce orders as of April 21st. It’s clear that the future of the retail landscape is digital, which has been further catapulted by the proliferation of smartphones and mobile commerce. Read more…

Is your business coping with the changes in the way consumers are buying? Is your eCommerce strategy out of date? Are you making the most of the increased on-line opportunity? If you need to talk to someone, then talk to the eCommerce Specialists. It costs nothing to talk and who knows, you might just walk away with a new idea. Lets Talk!

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eCommerce Mobile Commerce Omni-Channel Commerce

Payments in retail: The importance of creating integrated solutions amid COVID-19

COVID-19 has forced businesses everywhere to drastically shift strategies, which, for many, has meant taking a more digitally-focused approach. Retail has been one of the hardest-hit industries affected by the pandemic; however, this industry has been primed to pivot. With the proliferation of various payment options and systems including cash, card, contactless, and mobile banking, the industry is overflowing with options.

The pandemic has forced traditional brick and mortar stores that had plans to gradually deploy online sales to expedite that transition or risk permanent closure. Now, retailers need to figure out how to process payments faster and more securely, all while maintaining an engaging and positive customer experience. As we settle into the new remote world, retailers will be looking for ways to create a more seamless omnichannel experience for the end-user, and a major cornerstone of this industry-wide change is integrating the right payment processing system. Read more…

Is your payments and eCommerce tightly integrated to your whole process? Are you operating a true Omni-Channel retailer? Do you have the right structure to be omni-channel? If you didn’t answer YES to at least two of these questions, then you should talk to the eCommerce Specialists. It costs nothing to talk and who knows you might come away with some new ideas. Lets Talk!

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AR Commerce eCommerce Mobile Commerce

Advantages of E-Commerce Over Traditional Retail.

When you read the following list of advantages of e-commerce for businesses and customers, you will get the sense that e-commerce is the holy grail of retail. Like any holy grail, its not easy to find and getting there can be an arduous journey. But, do it right and the rewards are worth the effort. Read more…

Want someone to talk to about how you start an eCommerce program? Looking for the next idea to keep your business growing? Wanting to understand all the options available to you? Then talk to the eCommerce Specialists. It costs nothing to talk and who knows, you might come away with a new idea. Lets Talk!

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AR Commerce eCommerce Mobile Commerce

How Ecommerce Companies Can Grow During a Recession.

In recent days, economists determined that the United States has entered a recession that actually began in February. And while much of the focus over the past few months has been on businesses adapting to remote work environments, there is no denying that digital brands have also been affected.

Many ecommerce companies have experienced significant disruptions to their supply chain or faced declining sales in their product categories as cash-strapped consumers focus on necessities.

The impact of this downturn will likely be felt for a long time to come, and ecommerce companies will continue facing new changes that can either serve as opportunities for massive growth or become potential stumbling blocks. But by implementing these few key strategies, you can reduce your risk and continue to scale and succeed. Read more….

Are you considering your next move with eCommerce? Do you have an eCommerce strategy? Are you getting the correct returns from your eCommerce process? Talk to the eCommerce specialists. It costs nothing to talk and who knows you might walk away with a new idea. Lets Talk!

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