Retail Gazette

FEBRUARY 5, 2024

Amazon has paused payments to some sellers while it carries out stricter checks to ensure they are based in the UK for tax purposes. Hollinrake said: “We are writing to Amazon to tell them to unfreeze the accounts until they have a proper process in place. People are waiting for…up to £300,000.

Merchant Services 122

Merchant Services Payment Services Accounting ATS 122

Retail TouchPoints

APRIL 21, 2021

The pandemic accelerated not just ecommerce but also digital payment methods: digital wallets reached 29.3% The wallets are expected to unseat credit cards as the preferred online payment method in the coming years, according to the FIS Global Payments Report 2021. Digital wallet usage is expected to account for 40.5%

Merchant Services 296

Merchant Services Payment Services Checkout Accounting 296

Retail TouchPoints

JUNE 15, 2022

At the moment a “ couple hundred U.S.-based based online sellers” are reportedly participating in the beta test of Buy Direct, but a source told Business Insider that Microsoft hopes the service will drive $25 million in gross merchandising value (GMV) by fiscal 2023, which ends June 30, 2023.

Merchant Services 303

Merchant Services Shopping Payment Services Advertising 303

Retail TouchPoints

DECEMBER 30, 2021

In 2020, consumers spent approximately $630 billion on online shopping, and merchants lost $12 billion to fraud. Account takeover fraud, which is driven by impostor scams, increased by 50%, with no signs of slowing down in 2021. K eep bots out of your customers’ accounts and checkout. Millennials.

Merchant Services 280

Merchant Services Accounting Payment Services Returns 280

Inside Retail

DECEMBER 1, 2022

With Christmas just around the corner, it’s important to stay vigilant as scams and fraud can happen to any business that accepts debit and credit card payments, and can have a significant financial and reputational impact at this time of year. Tools like 3DSecure can help with these additional security processes.

Merchant Services 147

Merchant Services Payment Services Accounting Finance 147

Retail TouchPoints

AUGUST 15, 2022

But for every retailer committed to providing a top-notch customer journey, there’s at least one bad actor out to capitalize on a customer’s misfortune. Many retailers look only at transaction fraud, and not the total impact of every digital consumer interaction. Entire Facebook groups are devoted to buying customer reviews.

Merchant Services 247

Merchant Services Payment Services Accounting Customer Experience 247

Small Biz Trends

MAY 10, 2022

Canadian-based global eCommerce company Shopify says its merchants contributed 5 million jobs and $444 billion in global economic activity in 2021. Shopify merchants sold $25 billion worth of goods and services outside of their home countries. Small businesses accounted for $11 billion of the $25 billion.

Merchant Services 98

Merchant Services Accounting Shopping Marketing 98

Inside Retail

SEPTEMBER 1, 2021

Founded in July 2020 and launched in February 2021, Refundid is a fintech tool designed to cut, or essentially eliminate, waiting times for refunds for products bought online. According to co-founder and chief product officer Joel Aaron, refunded cash can be in the customer’s account within as little as 30 seconds. At the forefront”.

Merchant Services 130

Merchant Services Payment Services Returns Planning 130

Independent Retailer

JULY 15, 2021

Sales of CBD products at tobacco stores and smoke/vape shops have increased at a substantial rate over the past few years, with no slowdown in sight. We offer a POS system with NRS PAY credit card processing that is ideal for your business, and we will not hassle you for selling CBD,” Elie Y. A: With NRS PAY, not at all.

Merchant Services 96

Merchant Services Point of Sale Checkout Accounting 96

Mass Relators

APRIL 25, 2024

household more than $1,100 last year, the Merchants Payments Coalition said. Swipe fees amounted to $897 for the average household in 2021 and $724 in 2020. billion in swipe fees for Visa and Mastercard credit cards alone, which account for more than 80 percent of the market. billion, according to MPC estimates.

Merchant Services 52

Merchant Services Net Profit Payment Services Accounting 52

Independent Retailer

AUGUST 29, 2022

BNPL is a great payment option, especially with the holiday season coming up so consumers do not have to front the entire amount at the time of purchase. BNPL is a great payment option, especially with the holiday season coming up so consumers do not have to front the entire amount at the time of purchase.

Merchant Services 88

Merchant Services Payment Services Checkout Accounting 88

Retail TouchPoints

JANUARY 26, 2021

Meanwhile, for merchants that had already built their businesses online before the pandemic, a larger addressable market buoyed most, but created scalability challenges for all (including Amazon). Culled from this agile, iterative survey data, here are six things we learned consumers want from retailers heading into 2021: 1.

Consumer 312

Consumer Drop-Shipping Shipping Returns 312

Retail TouchPoints

AUGUST 5, 2022

Online fraud cost digital commerce merchants $27 billion in 2021 , so it’s no surprise that retailers have redoubled their focus on eliminating these threats. As just one example, Chewy was a pandemic winner, but the company spent more than half a billion dollars marketing to consumers in 2021.

Merchant Services 264

Merchant Services Returns Shipping Payment Services 264

Retail TouchPoints

DECEMBER 19, 2022

All of these retailers succeed by building hype around the launch, priming their loyal customers to place their order as soon as the product or service is released. This scenario has become common in recent years, with individuals getting creative to be first in line to resell at an inflated price. Bots are available to rent.

Merchant Services 162

Merchant Services Payment Services Drop-Shipping Shipping 162

Inside Retail

JULY 11, 2022

As Alejandro Osorio, Country Head of Grab Thailand, puts it, “We’ve seen this opportunity in the soaring demand for food and package delivery services that’s made our delivery partners with their delivery bags increasingly become a significant touchpoint. If you look at the penetration of grocery delivery, it’s 1 per cent.

Merchant Services 130

Merchant Services Payment Services Advertising Accounting 130

Retail TouchPoints

JANUARY 3, 2022

As early as February 2021, industry analysts predicted the year’s holiday ecommerce sales would climb to $206.88 billion, accounting for a record 18.9% Transmit Security’s own research found that 55% of consumers have left a website because the login process was too complicated. increase over last year’s ecommerce earnings.

Merchant Services 276

Merchant Services Shopping Customer Experience Accounting 276

Small Biz Trends

OCTOBER 24, 2022

A chargeback happens when a payment is reversed by the customer’s bank. It’s called chargeback fraud when bad actors cheat this process. Instead of contacting a merchant for a refund, they go right to their financial institution. Merchant Errors. This one happens with a merchant account.

Merchant Services 75

Merchant Services Payment Services Accounting Shipping 75

Retail TouchPoints

OCTOBER 21, 2021

In the world of ecommerce, Google is a bit of an anomaly: while a relatively minor player in the marketplace landscape compared to giants like Amazon and eBay , it is at the same time central to the shopping journeys of millions of consumers every day. That’s a drop in the bucket compared to Amazon’s 1.7

Merchant Services 298

Merchant Services Advertising Shopping Drop-Shipping 298

Retail TouchPoints

NOVEMBER 4, 2021

31, 2021. “We’re Inflation is driving up shopping prices as we head into the holiday season, a time when many people already feel pressured to go all out on gifts for family and friends,” said Colleen McCreary, consumer financial advocate and Chief People Officer at Credit Karma in an interview with Retail TouchPoints.

Consumer 264

Consumer Merchant Services Payment Services Drop-Shipping 264

A1 Retail

JANUARY 19, 2022

Buy now, pay later (BNPL) transactions increased nearly 30 percent during the 2021 holiday period. The data showed that BNPL transactions peaked more than 43 percent in October as shoppers began their 2021 holiday shopping early. Within October 2021, a peak at 99 percent was recorded compared to the same period in 2020.

Merchant Services 40

Merchant Services Shopping Payment Services Consumer 40

Inside Retail

JUNE 19, 2022

The index – which combines Commonwealth Bank of Australia (CBA) payments data and Google Trends search information – regained ground after falling in April, with increases across seven of its 12 categories in May, including home buying, fitness & health and transport, alongside falls in entertainment, travel and insurance spending.

Merchant Services 130

Merchant Services Accounting Consumer Marketing 130

A1 Retail

AUGUST 24, 2021

The quarterly SME Barometer combines billions of merchant transactions, processed by Barclaycard Payments, with research data to provide an in-depth look at the UK SME economy. Future-proofing.

Merchant Services 75

Merchant Services Payment Services Returns Outdoor 75

Mass Relators

AUGUST 26, 2021

ATLANTA — The amount of retail fraud, and its cost, has risen significantly over the past year, according to the 12th annual LexisNexis Risk Solutions 2021 True Cost of Fraud Study. retail and ecommerce merchants $3.60 since 2020, now at $3.02. The LexisNexis Fraud Multiplier projects that every $1 of fraud costs U.S.

Merchant Services 52

Merchant Services Payment Services Customer Experience Accounting 52

Inside Retail

FEBRUARY 9, 2023

It said in November that “new businesses” – including its overseas businesses as well as other ventures such as JD property – accounted for just two per cent of its total revenue during the third quarter. per cent of the Indonesian population were internet users in 2021. per cent in Japan in 2021,” Neralla said. “In

Merchant Services 130

Merchant Services Marketing Accounting Consumer 130

Inside Retail

JANUARY 12, 2023

In the US, social commerce is anticipated to double to US$80 billion in annual sales between 2021 and 2025, putting the US second only to China in social commerce, although China outsells the US by a factor of 10. Apparel, beauty, health and wellness were the biggest beneficiaries at that time. Benefits far outweigh the drawbacks.

Social Commerce 264

Social Commerce Beauty and Health Merchant Services Fulfillment 264

V Count

SEPTEMBER 15, 2022

A modern POS system lets you accept customer payments at a specific location or on the go and can help you track your sales in an efficient way. Square offers a free plan, a paid plan called “Plus” that comes with a free trial and is priced at $60, and another plan called Premium. You can manage it all from one place.

Merchant Services 98

Merchant Services Payment Services Inventory Management Planning 98

Retail TouchPoints

JULY 30, 2021

accounted for $5 billion of Alibaba’s total $74.1 Editor’s Note: For a deeper look at the 11.11 Max Bissell, VP and General Manager of Hard Surface and Robotics at floorcare brand Bissell , which has participated in 11.11 billion in 2021, making up 37.4% During last year’s 11-day 11.11 In fact, the U.S.

Merchant Services 278

Merchant Services Accounting Social Commerce Payment Services 278

Inside Retail

AUGUST 22, 2021

Country manager for the company’s Australia/New Zealand territory David Boyer said that the changing habits towards increased consumer e-commerce spending – which developed over the course of the pandemic – have remained relatively undisturbed in 2021. The report itself is also available for download free of charge. “I

Shopping 173

Shopping Shipping Merchant Services Consumer 173

V Count

SEPTEMBER 15, 2022

A modern POS system lets you accept customer payments at a specific location or on the go and can help you track your sales in an efficient way. Square offers a free plan, a paid plan called “Plus” that comes with a free trial and is priced at $60, and another plan called Premium. You can manage it all from one place.

Merchant Services 92

Merchant Services Payment Services Inventory Management Planning 92

Independent Retailer

NOVEMBER 2, 2021

With only two months left of 2021, retailers should already be looking ahead to the new year for the newest trends, technology, marketing tactics, products, and solutions for improving their business. Crypto Payments Help Deliver a Competitive Advantage. First, up to 40 percent of customers that pay with crypto are new to the merchant.

Merchant Services 96

Merchant Services Payment Services Shipping Wholesale 96

Small Biz Trends

MAY 13, 2022

Hurricane Ida pummeled the northeast coast for three days, September 1-3, 2021. They let you know what your customers like about your products and services and what they don’t. Shopify Says Its Merchants Have Created Nearly 5 Million Jobs. Small businesses accounted for $11 billion of the $25 billion.

Merchant Services 98

Merchant Services Accounting Marketing Management 98

Retail TouchPoints

JANUARY 11, 2022

Retail TouchPoints recently partnered with Amazon Web Services on a survey of 500 retail and brand executives and found that the vast majority ( 84% ) have incorporated CSR in some way into their business strategies, largely because they think it is the right thing to do ( 72% ). “The

Consumer 316

Consumer Merchant Services Fashion Accounting 316

Retail TouchPoints

FEBRUARY 21, 2023

billion in quarterly revenue representing an almost 8% decline from Q4 2021. of worldwide digital ad spend in 2023, while Meta will capture 19.4% — a decline from its peak of 22% in 2021, but still making Meta second only to Google and YouTube parent Alphabet in total share worldwide.

Social Commerce 227

Social Commerce Advertising Merchant Services Shopping 227

Retail TouchPoints

JULY 21, 2020

Another behavioral shift has been informational searches rising as people are at home and online, while transactional searches fell due to consumers’ uncertainty over their finances. Above all, keep testing: things are changing rapidly and what worked at the start of the crisis might not work now. Don’t sack your agencies.

Merchant Services 188

Merchant Services Sporting Goods Accounting Shopping 188

Retail TouchPoints

JANUARY 30, 2023

And in 2021, the global value of voice-assisted ecommerce transactions amounted to almost $5 billion , with Statista projecting that that figure would grow 4X by the end of this year. Additionally, this approach opens up the Alexa ecosystem to all merchants, even those that don’t sell on Amazon.

Merchant Services 162

Merchant Services Beauty and Health Payment Services Returns 162

365 Retail

NOVEMBER 14, 2022

As the supply chain issues and labour shortages that defined the 2021 festive period are more or less resolved, the opportunity for a strong peak period presents itself. In fact, in 2021, the UK alone accounted for over ten per cent of global Black Friday searches online. Leveraging 3PL services to drive efficiencies is key.

Merchant Services 57

Merchant Services Payment Services Inventory Management Fulfillment 57

A1 Retail

MAY 13, 2022

By placing human interaction at the centre of the online shopping journey, Virtual Shopping empowers retailers to create immersive experiences that are proven to increase customer engagement, reduce returns and drive loyalty.

Merchant Services 52

Merchant Services Shopping Payment Services Consumer 52