When it comes to e-Commerce, online payments are a critical aspect of running an online business successfully. Online payments are the lifeblood of your business. More consumers are shopping online than ever before. In a 2019 report by Payment Methods, it was estimated that “global online transactions” will surpass $4.6…
At Shopify’s annual partner and developer conference, Shopify Unite 2021, the Canadian e-Commerce company’s “biggest set of infrastructure investments” was on full display. The themes explored during the conference included tooling, infrastructure, and technologies that enable the future of commerce. It also announced platform enhancements that provide merchants with more…
Although e-Commerce has exploded, with 51% of users opting to shop at e-Commerce stores, one of the biggest struggles that e-Commerce merchants struggle with is the inability of the consumer to try the product before they buy it. According to the DigitalCommerce 360 study, that still leaves just a little…
According to an “Online Payment Fraud” study conducted by Juniper Research, by 2024, e-commerce merchants will lose close to $24 billion to online payments fraud. Fraudsters are also developing increasingly sophisticated fraud attacks. E-commerce merchants must prioritize and take more proactive steps to detect and also prevent e-commerce fraud. By…
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…
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…
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…
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…