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Every year, failed payments cost merchants an estimated $118.5 That’s not just a number – it’s abandoned shopping carts and frustrated customers who may never return. Yet while merchants have more payment options than ever before, many still struggle with inefficiencies that hurt their bottom line. In the U.S.,
In this article, I’ll explore the reasons behind this trust gap — especially when it comes to security and payment confidence — and share some thoughts about what retailers, social platforms and regulators must do to close it. Off-Platform Payment Links: Payment links are URLs that can be added to direct messages, stories or posts.
com.au’ in their website domains, with return policies suggesting items “will need to be returned to a warehouse or general location overseas which is different from where the items are allegedly shipped from, for example, a store that claims to be based in Melbourne but requires returns to be sent to a warehouse in Asia”.
True Fit , the leading AI-driven solution that decodes size and fit for shoppers and fashion retailers, has announced its certification as a Shopify Plus Certified App Partner, helping fashion retailers selling on Shopify leverage AI-size and -fit recommendations to power conversions, improve customer lifetime value (CLV) and reduce returns.
In this quest for data-driven precision, merchants must understand the power of the address and its immense strategic value. With high-quality address data, retailers avoid the financial burden of undeliverable mail, unnecessary returns and address correction fees.
Digital shopping and payments app Klarna has partnered with the Nift gifting platform, offering Klarna users a choice of gifts at key points in the purchase cycle in categories including fashion, jewelry, restaurants, music and home goods. The Nift offering is now available to all U.S. Klarna users. and the UK.
Hackers exploit vulnerabilities in payment systems, leading to customer data leaks, financial loss, and reputational damage. In response, many retailers are adopting AI-driven inventory management systems to monitor real-time product conditions and automate quality control processes. million, the highest on record. By value, the U.S.
As AI reshapes online discovery, merchants of all sizes are grappling with how to handle decreased traffic to their websites — and PayPal wants to help. Once the transaction is complete, users who make a purchase from the ad will be immediately returned to wherever they left off.
These false positives disproportionately impact new buyers, many of whom dont return after being inappropriately declined. Most legacy payment systems use rules-based monitoring to identify fraud. Many digital goods payment systems will automatically raise a flag when a new card is used for a gaming purchase.
The merchants winning in this space are those that go beyond design and invest in systems that are smart, connected and constantly improving. Before any design or development begins, it’s critical to understand your audience, map their journey and identify points of friction that may prevent them from converting or returning.
And while Walmart still holds the crown as the worlds largest retailer in terms of revenue, over the last three decades Amazon has given Walmart a real run for its money, and as a result, prompted a notable series of innovations at the older company ( Walmart Marketplace , Walmart Connect , Walmart Fulfillment Services , to name just a few).
Sovos has announced a new partnership with Shopify aimed at easing the burden of sales tax compliance for online merchants. The collaboration introduces Shopify Tax automated filing, a feature that automates the preparation, filing, and remittance of sales tax returns for eligible U.S. merchants using Shopify Tax.
Authentic Brands Group (Authentic) has partnered with Reshop to provide shoppers with instant cash (not store credit) refunds on returned items across its brands. A phased rollout of the service will start with Reebok, Champion, Vince Camuto and Juicy , to be followed by additional Authentic brands including DC Shoes, Roxy, RVCA and Volcom.
Grubhub was inspired by the meteoric rise of retail media , which also has propelled the debut of media networks from other delivery and transportation services such as Uber and Lyft as well as companies more ancillary to the retail landscape, such as BNPL solution Klarna , payments provider PayPal and United Airlines.
Here’s how Macy’s , Jacadi and Amazon are leveraging innovative cart, payment, checkout and post-purchase experiences to drive conversions and even repeat purchases. I think there’s a lot of complementary services they might be interested in.” said Michael Krans, VP of Retail Media at Macy’s at the IAB summit. “I
True Fit , the leading AI-driven solution that decodes size and fit for shoppers and fashion retailers, has announced its certification as a Shopify Plus Certified App Partner, helping fashion retailers selling on Shopify leverage AI-size and -fit recommendations to power conversions, improve customer lifetime value (CLV) and reduce returns.
Published June 24, 2025 By Michael Brady post share post print email license A return of a Shein item leveraging UPS' Happy Returns occurs at a Forever 21 location. The fashion industry experiences more returns than any other, with over two-thirds of consumers returning clothing or footwear in the past year.
Google could incorporate their existing Google Play services and potentially leapfrog ChatGPT, he added. There’s an option for merchants to provide product feeds directly, and that’s a feature that will be coming. ChatGPT was not the first, and won’t be the last, chatbot to launch e-commerce features, said ONeill.
Independent restaurant businesses in London and Manchester can now apply for grants of 11,000 to help grow their business as an American Express-supported grant programme returns for a fourth year to the UK. Applications for the Backing International Small Restaurants programme are now open and close on 30th June.
We all know that good customer service is critical to the success of your business, but did you know that only 10% of unhappy customers will take the time to complain? And it gets even better because up to 95% of complaining customers will return if the problem is resolved quickly. Offer a lagniappe.
For retail brands to survive in the current climate, they need to position themselves in a way that customers want to engage with them, trust, and return – not just in person, but across platforms, formats and channels. Invest in store formats that operate as service hubs and media stages. It demands emotional relevance. The takeaway?
Finally, Kirkland’s said it is in the process of finalizing store designs for BuyBuy Baby and other potential concepts. The new streamlined leadership structure will see dedicated merchants leading each brand , supported by centralized teams across finance, operations and technology. This is a defining moment for our company.
Adding More than Just a Product Give customers something memorable, and they will not just return, they will talk about shopping with you too. Make life easier for Mothers Day shoppers by offering gift wrapping services or free shipping as a perk for top-tier members. Its all about creating a buzz.
Bild Expo is put on by iconic Manhattan-based electronics retailer B&H , but despite the fact that the show is being run by a merchant, the goal of the event is not to sell products — or in fact to make money at all. Not an unusual occurrence at Javits, but the expo taking place today and tomorrow is unusual in a number of ways.
The company was founded by two veterans of fellow circular economy tech solution Happy Returns , Andy Downard and Josh Packard, and uses AI to tackle one of the trickiest facets of secondhand retail pricing. One of the results has been the rise of a new class of online merchants resellers.
Geekplus robots are now in use at all three of Happy Returns’ Hubs. Image courtesy Happy Returns) Inside a large warehouse in Pennsylvania, dozens of black robots dart and swirl across a polished concrete floor. Were inside one of the three Happy Returns Hubs across the U.S. The rate of goods returned in the U.S.
In fact, a 2014 Compliance Initiative Study by Shop! reports displays in the mass merchant channel provided a 32 percent increase in product sales. Conclusion When every dollar demands justification, retail displays remain a channel that delivers both immediate return and long-term brand visibility.
Merchants have focused on adapting their IT environments to accommodate the growth of digital payments. However, in many enterprises, such as certain food services, big box and specialty retail, and cannabis, most transactions continue to involve cash. There arent any fees associated with using it.
Invoice Financing : You can leverage outstanding invoices to receive immediate cash flow without waiting for customer payments. Merchant Cash Advance : This option provides quick funding based on your future sales but often carries higher repayment costs. They also assess key financial documents like EBITDA and debt-to-equity ratios.
But Keen has data that shows that while Amazon their data shows Amazon gets 64% of retail media budgets which is much smaller than you pontificate 1 the return on investment is, cents per dollar the the marginal return on investment the mroi is 71 cents Walmart, has an mroi of 90 cents Target a buck 8. So we live in a fast-paced.
Application Preparation: Create a robust business plan and gather necessary financial documents like tax returns, financial statements, and legal documentation to increase your chances of loan approval. They’re ideal for new business owners looking for substantial funding while maintaining manageable monthly payments.
Flexible payment provider Affirm is expanding its range of services to include the post-purchase experience with the acquisition of online returns solution Returnly for approximately $300 million. Returnly currently facilitates returns and replacements for online orders for more than 1,800 merchants.
Ulta Beauty is partnering with Happy Returns to add Return Bar services to 1,300 brick-and-mortar locations. Through this partnership, Ulta and Happy Returns will increase the total number of Return Bar locations to more than 5,000 by the end of 2022.
Amazon is bringing ‘Buy with Prime’ capabilities to Shopify merchants via a new app integration. Buy with Prime was designed to give Prime members fast, free delivery and easy returns through Amazon’s fulfillment network and ultimately help brands increase shopper conversion by about 25%.
Since spinning off from eBay and going public for a second time in 2015, PayPal has expanded its reach well beyond that one digital marketplace to more than 30 million merchants worldwide. When we have partnerships with these merchants they’re trusted brands, so consumers can feel good about shopping with those brands.”.
Loop Returns , the return platform for Shopify brands such as Allbirds , FIGS , Princess Polly and Chubbies , has joined with its competitor Happy Returns by PayPal to offer box-free, label-free drop-off for U.S. consumers at 5,000 Return Bars across the country.
UPS has agreed to acquire reverse-logistics solution Happy Returns from PayPal for an undisclosed amount. Happy Returns offers box-free, label-free returns for more than 800 merchant partners at over 10,000 locations across the U.S. of retail purchases (both online and in-store) were returned last year.
Ecommerce returns are the new reality for retailers, but their rapid rise doesn’t have to crush conversion rates and profitability. Consider how returns are central to the customer experience and can create a competitive advantage, differentiate a brand and increase customer lifetime value. Turn Returns Upside Down.
With traditional trading methods restricted by pandemic restrictions, an inability to sell through physical locations and a sharp downturn in demand, we saw merchants around the world taking an unprecedented leap and embracing innovation and digitalization in a bid to maintain their retailer-shopper relationships. trillion by 2026.
With traditional trading methods restricted by pandemic restrictions, an inability to sell through physical locations and a sharp downturn in demand, we saw merchants around the world taking an unprecedented leap and embracing innovation and digitalization in a bid to maintain their retailer-shopper relationships. trillion by 2026.
PayPal has acquired ecommerce returns solution Happy Returns as it continues to expand beyond payments, with the aim of becoming a “digital commerce enablement engine.” The Happy Returns purchase follows PayPal’s acquisition of coupon plug-in Honey in January 2021. PayPal has been an investor in Happy Returns since 2019.
But times have changed — both customers and merchants can now choose from a range of same-day delivery offerings in addition to traditional mail carriers. Think about it this way — let’s say a shoe retailer has a 22% return rate and 87% of returns can go straight back into stock as new.
It’s meant to be quite simple for a shopper, but as an ecommerce retailer, you know it’s not that easy — especially if the customer changes their mind and wants to return said magical shipment back to your shop. What happens next, by way of return experience, most certainly impacts whether they will purchase from your business again.
Reshop , a platform that provides instant refunds (not store credit) to shoppers returning items from participating retailers, has debuted with retailer partners including Steve Madden and Alo Yoga. With Reshop, customers can receive instant refunds — offering them greater flexibility, control and confidence to shop again right away.
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