Payment Options

How BNPL Can Become Too Much of a Good Thing for Retailers
March 16, 2022 at 11:04 am

Buy now, pay later (BNPL), a modern answer to retail layaway, is having a moment as a key payment option for online shoppers. It’s simultaneously soaring in popularity and finding that celebrity inevitably attracts those who would like to take advantage. BNPL, which allows shoppers to get their goods today while paying in installments, now…

How Merchants Can Take Charge of the Buying Experience
March 16, 2022 at 11:03 am

The continued growth of e-commerce worldwide, accelerated by the pandemic, has created a tug-of-war between supply and demand. Product shortages and delivery delays are a new reality, with supply chain disruptions costing organizations worldwide an average of $184 million per year. Online merchants in the middle of this tug-of-war struggle to control factors beyond their…

How Retailers Can Satisfy Consumers Craving Cryptocurrency
March 16, 2022 at 11:02 am

If you’ve seen the headlines recently, it’s clear that 2022 is likely to be another exceptional year for cryptocurrency — i.e., decentralized digital money. The entire cryptocurrency market skyrocketed from $100 billion at the beginning of 2020 to $3 trillion in 2021. In-store and online capabilities will allow consumers to seamlessly transform value between the…

Drill Deep Into Your Data and Cash in on the Cross-Border E-Commerce Craze
March 9, 2022 at 4:49 pm

The e-commerce sector is booming, with more than 2.1 billion global consumers now shopping online. And, in even better news for online retailers, a growing number of those transactions are cross-border payments, making for a market worth $1 trillion. As merchants step onto the global stage, there are a wealth of opportunities to be had, offering…

The Checkout-Free Economy
March 9, 2022 at 10:23 am

The mobile age has streamlined our daily lives. It’s to the point where waiting in lines, dealing with people, or even leaving the house feels like a hassle when you can just push buttons on your phone to accomplish what you need. Thanks to our smartphones, we’ve reduced the ability to shop, pay, travel and…

3 Omnichannel Commerce Trends Shaping How Retailers Engage Customers
February 8, 2022 at 10:59 am

The global pandemic dramatically altered the retail landscape. As consumers adapted to working from home and learned to socially distance themselves, retailers quickly pivoted to creating engaging omnichannel experiences via new digital payment options. Retailers implemented new strategies that simplified the purchase process, which helped create more engaging customer experiences. Whether it's utilizing new digital…

3 Ways Retailers Can Prepare for the Future of Payments in 2022
February 2, 2022 at 11:41 am

Last year was full of innovations and transformations in the payments industry. In fact, more than four out of five Americans used some form of digital payment in 2021. This shift in digital adoption was accelerated by COVID-19, but with the impact of the pandemic continuing to shape how consumers shop and pay, retailers must also continue…

Could Buy Now, Pay Later Payment Offerings Cost Retailers Security?
January 26, 2022 at 11:15 am

The buy now, pay later (BNPL) market continues to grow. According to a recent report, the market is expected to rise by 1,200 percent in the U.S. by 2024. Most online merchants such as Amazon.com, Airbnb, and Instacart already accepted BNPL as a form of payment, including leading options Afterpay, Klarna, and Affirm, however, additional…

Automation and Innovation Are Paving the Way for Digital Payments of the Future
December 14, 2021 at 8:12 pm

Over the last decade, the rise of Software as a Service (SaaS) has disrupted the payments industry and forced businesses to rethink how they invest in technology to deliver an exceptional customer experience. Payment processing used to be a separate buying decision for businesses, where a business owner selected a bank or merchant acquirer for…

The Money Retailers Are Leaving on the Table
November 22, 2021 at 12:12 pm

The past few years have seen a rapid acceleration in connecting with other parts of the world. Due to a mix of technological innovation and the COVID-19 pandemic, e-commerce business has soared. Companies have realized the immense opportunity that comes with expanding to new regions and have worked to introduce their offerings to potential customers…