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10 Finance Tips All Retailers Should Follow

Retail Next

You don’t want to get a bad reputation among fellow business owners as someone who is always late on payments. Conversely, if you pay bills late, you are likely to get hit with late fees, which could have a negative impact on your bank account, and potentially cause you to fall behind with other vendors.

Finance 59
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Retail Returns Increased to $761 Billion in 2021

VMS

This accounts for an average of 16.6 According to NRF, online sales accounted for $1.050 trillion of total U.S. The most common types of payment used during the original purchase that led to a return were credit cards (22.78 percent of total U.S. retail sales, which soared to $4.583 trillion in 2021. “As percent) is up from 10.6

Returns 52
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Retail x Fintech: The Importance of Security in Retail’s Adoption of BOPIS and Payment Installment Plans

Retail TouchPoints

Mobile devices have become powerful payment instruments, on the way to replacing traditional cards for in-store purchases in many markets around the globe. Then the shuttering of many stores made online shopping a necessity, while social distancing measures turned contactless payments from a convenient option to a safer alternative.