Payment Options
Target said a systemwide outage that prevented customers from making purchases at its stores on Saturday has been fixed. The two-hour outage, which affected its cash registers, was caused by an internal technology problem, the retail chain said, without giving further details. โAfter an initial but thorough review, we can confirm that this was notโฆ
E-commerce continues to evolve; therefore, itโs critical for e-commerce merchants to recognize the trends and be empowered to make better business decisions to drive sales. Some of the trends related to global online sales of digital goods and subscriptions are highlighted by 2Checkout, a digital commerce provider, in its Q1 2019 Digital Commerce Benchmark Report,โฆ
There's an undeniable convenience that comes with shopping online โ a few clicks of a button and a parcel arrives at your doorstep the next day. The ability to be able to shop 24/7 saves consumers time and money, which online merchants can capitalize on by sending discounts direct to customers. However, while shopping online isโฆ
J.C. Penney confirmed that it stopped accepting Apple Pay in connection with an April 13 deadline that required merchants to retire old magnetic stripe functionality. The retailer decided to stop accepting the mobile wallet after a deadline from a third-party credit card brand, which the retailer declined to name, requiring merchants to accept EMV contactlessโฆ
When shoppers encounter a retailer that doesnโt accept their preferred payment method, 55 percent will spend less or go elsewhere according to a recent study by Adyen. Yet, payment preferences can involve an array of layered factors. Payment options should go beyond offering credit card or cash to allow shoppers to finance purchases, especially higher-pricedโฆ
In this week's Retail Right Now, Total Retail's Joe Keenan and Kristina Stidham discuss Amazon.com's recent decision to accept cash payments at its Go store, and how this change could impact operations. The change was made following mounting criticism that the cashless stores discriminated against the poor. In our analysis, Amazon could see both positiveโฆ
In our bustling retail landscape โ todayโs most competitive market โ itโs hard to believe that many online merchants, particularly those based in the U.S., avoid access to global transactions. When considering U.S. cross-border e-commerce is expected to generate sales of $203 billion by 2021, it should be a no-brainer for online retailers to consider capitalizingโฆ
Amazon Go stores, which let customers buy items without waiting in checkout lines, will start accepting cash, amid intensifying criticism that the company is discriminating against the unbanked. In an internal all-hands meeting last month, Steve Kessel, Amazonโs senior vice president of physical stores, told employees that the company plans โadditional payment mechanismsโ at itsโฆ
โItโs a marginal world out there for us.โ This is what you might hear if you ask a retailer how they're keeping operational costs and erratic buyer behavior from eating away at the bottom line. The delicate retail balancing act of inventory vs. pricing vs. markup often results in a low net profit margin, butโฆ
Letโs be real: the state of brick-and-mortar retail in 2019 is equally exciting and terrifying. Amid widespread closures, uncertainty and the ever-present behemoth that is Amazon.com, there's an amazing wave of innovation in mobility that has the potential to transform โ and yes, save โ the retail experience for a new generation of consumers usedโฆ