Inside Retail

MARCH 13, 2023

Etsy on Monday resumed payments to merchants with Silicon Valley Bank accounts after the e-commerce platform paused their payouts over the weekend following the US government shutdown of the bank last week. million online merchants respectively worldwide, mostly small-to-medium size businesses. Approximately 0.5 million and 1.75

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Retail TouchPoints

NOVEMBER 7, 2023

The general Deals page features promotions and markdowns in a range of top holiday categories — including apparel, electronics, toys and beauty — from a wide variety of merchants, ranging from big-box stores and multi-brand retailers to DTC brands and local stores. Price Checking and Tracking Features in Chrome Chrome Price Insights.

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Retail TouchPoints

APRIL 21, 2021

million merchants. The Channel grants retailers that advertise on Pinterest through Shopify access to Dynamic Retargeting, which enables them to re-engage with Pinners who have already expressed interest in their products on Pinterest. Many retailers are setting up shops on Pinterest, driven by last year’s explosion in ecommerce sales.

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Retail TouchPoints

JANUARY 24, 2023

EWS also said that if a sizable number of merchants enable the wallet it might also explore adding other payment options, such as direct payments from bank accounts. The wallet will also aim to deliver better business outcomes for merchants — including higher transaction approval rates and more completed sales.”

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Retail TouchPoints

APRIL 5, 2022

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.”.

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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.

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Retail TouchPoints

SEPTEMBER 6, 2023

However, this isn’t only in the interests of consumers; simplifying the cancellation process and making it more “customer friendly” is in the interests of merchants as well. To remain competitive, retailers must offer comprehensive self-service experiences, including flexible payment scheduling and frictionless convenience.

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Inside Retail

MARCH 25, 2024

In an era of fierce competition to attract consumers’ tightening budgets, customer experience has become the key edge retailers can deploy to stand above the competition. In this day and age, that is pretty much every Australian retailer. In this day and age, that is pretty much every Australian retailer.

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Retail TouchPoints

JUNE 22, 2022

Shopify has launched a number of new integrations aimed at helping retailers meet shoppers wherever they are — across social media, stores and in-person events. The Twitter Shopping ecosystem was created to enable Shopify merchants to utilize Twitter to drive conversions. billion Tweets mentioning business globally in 2021 alone.

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Retail TouchPoints

JUNE 15, 2022

Microsoft it is reportedly testing out a new retail marketplace in the U.S. Called “Buy Direct,” the third-party marketplace is being integrated into Bing’s existing ecommerce experience, Start Shopping, where consumers can find products and are then directed to a retailer’s website to make the purchase.

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Retail TouchPoints

JUNE 8, 2023

This article will discuss the sneaker resale trend, major indicators of fraud for retailers to be aware of, and how merchants can combat sneaker fraud using machine learning. The data also revealed that orders between $100 and $300 are the most challenging transactions for retailers.

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Retail TouchPoints

JANUARY 18, 2022

JD.com has joined forces with Shopify to help retailers access China’s ecommerce market. The partnership aims to help retailers take advantage of this opportunity and to navigate the complexities of pricing, duties and translations. JD.com isn’t the only large retailer investing in cross-border infrastructure. 31, 2021, U.S.

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Inside Retail

MARCH 21, 2022

In fact, 70 per cent of consumers say a poor delivery experience negatively impacts their impression of the retailer, rather than the carrier. ShipStation now offers discounted rates, so there’s more added value and convenience for the merchants. The post 5 ways to save money on shipping appeared first on Inside Retail.

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Retail TouchPoints

NOVEMBER 8, 2023

DoorDash has added tax-advantaged HSA and FSA accounts as payment options for on-demand delivery of more than 30,000 eligible products. To publicize the new option, the delivery service has added “HSA/FSA Eligible” labels under individual products on select merchants’ store pages.

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Retail TouchPoints

FEBRUARY 21, 2024

While this is good news for many ecommerce retailers, it has also become more and more expensive to deliver those goods to customers. According to Insider , total retail returns were projected to grow 2.2% billion in 2023 — accounting for 8.5% of total retail sales.

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Retail TouchPoints

JANUARY 6, 2022

This connection provides Amazon merchants with programmatic access to their Amazon Vendor Central account data to simplify the experience. The changes are being made with the goal of helping retailers streamline the process to meet requirements for consistent, accurate product content.

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Mass Relators

MARCH 28, 2024

ATLANTA — LexisNexis Risk Solutions has revealed the findings of the fourteenth edition of its annual LexisNexis True Cost of Fraud Study: Ecommerce and Retail Report – U.S. The report, based on a commissioned survey conducted by Forrester Consulting, shows that merchants in the U.S. and Canada Edition. for every $1 of fraud.

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Merchant Services Payment Services Accounting Customer Experience 52

Retail Gazette

DECEMBER 14, 2023

The Chinese ecommerce giant claimed Shein infringed on its intellectual property rights and falsely imprisoned its merchants, alongside other tactics to stunt its rival’s US growth. Click here to sign up to Retail Gazette‘s free daily email newsletter Shein has been contacted for comment.

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Retail TouchPoints

MARCH 22, 2023

Amazon has expanded its reach in the payments arena with the the launch of Express Payout for Amazon Pay merchants and the reported expansion of its cashierless checkout to 200 stores. The retailer declined to provide exact figures for its rate of expansion but noted that more than 69 locations used Amazon’s cashierless tech as of June 2022.

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Retail TouchPoints

JANUARY 26, 2022

Merchants in particular had to quickly shift from in-store sales to online and learn how to accept payments digitally. A chargeback occurs when a customer disputes a transaction and their issuer (the bank that provided them with the card) reverses the transaction — essentially charging it back to the retailer.

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Retail TouchPoints

AUGUST 16, 2022

Since these users make up a significant portion of customers, merchants cannot overlook this demographic. One report states that more than 60% of marketers confess to having no preparation to block fraud via mobile marketing, making mobile systems another area that merchants must consider when developing fraud precautions.

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Retail TouchPoints

JANUARY 3, 2023

With shrinking margins, economic uncertainty, and growing cyber risks from automated threats, retailers face continued challenges in 2023. Becoming proficient at navigating these obstacles is key to protecting retail profits. This was especially evident on Black Friday, when many merchants offered steep markdowns to compete.

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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. Here’s how to address that problem and move up Maslow’s pyramid to achieve true retail transcendence as a thriving, profitable and customer-focused business.

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Retail TouchPoints

AUGUST 7, 2023

It should also be noted that for quite some time now, both apps have outpaced those of retail behemoths Walmart and Amazon.) Shein used to be differentiated from Temu and Wish for operating more like a traditional retailer and focusing solely on fashion, but that has changed recently with Shein adding a third-party marketplace to its mix.

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Retail TouchPoints

MARCH 29, 2023

With digital now accounting for 30% of Kohl’s sales annually, CEO Tom Kingsbury specifically pointed to the marketplace and the connected Kohl’s Media Network as “ two key digital growth initiatives ” for the beleaguered retailer on the company’s Q4 2022 earnings call.

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Retail TouchPoints

OCTOBER 16, 2023

But at the same time merchants’ margins are being squeezed, making intelligent pricing and promotions strategies even more critical for success. Localization is critical because there’s so much nuance across different regions,” said Matthew Pavich, Senior Director of Retail Innovation at Revionics in an interview with Retail TouchPoints.

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365 Retail

NOVEMBER 20, 2023

TikTok Shop has today announced a new partnership with Royal Mail to help merchants of all sizes improve their delivery experience and thrive on the platform. By integrating the service into TikTok Shop, merchants of all sizes can save time and improve the delivery experience.

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Merchant Services Drop-Shipping Shopping Shipping 105

Retail TouchPoints

OCTOBER 21, 2022

With those kind of numbers in play, it’s no surprise that competition in the space is fierce, and retail is a central battleground. Retail TouchPoints (RTP): The world of payments is actually a pretty exciting place right now — tell us how Venmo is capitalizing on all this momentum. And with 50% of global spending in the U.S.

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Inside Retail

NOVEMBER 20, 2023

The Australian Retailers Association (ARA) has unveiled that this year’s Black Friday and Cyber Monday extravaganza will account for more than a quarter of all holiday transactions, with price-conscious customers doing their research to discover the greatest offers. per cent increase from last year.

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Retail TouchPoints

JANUARY 12, 2023

We hear it from retailers all the time. They know there are many benefits for having a retail store there. They know there are many benefits for having a retail store there. But they don’t have the time or resources to figure out why their sales on the internet’s largest retail site aren’t doing better.

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Retail Smart Guys

APRIL 10, 2024

Today at Retail Smart Guys, we’re thrilled to shine a spotlight on Merchant Cost Consulting (MCC) as your go-to expert in unlocking hidden savings. Here’s why you should choose MCC for your retail business: 1. MCC remains vigilant in monitoring and policing your account every month. We’re here to help.

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Merchant Services Accounting ATS 52

Inside Retail

AUGUST 2, 2022

Fraud and online shopping scams were called out as the most common incidents, putting retail businesses on the front line. This is particularly true for card-not-present fraud, which accounts for the vast majority of issues, and increased by 12 per cent in the year to 30 June 2021. . Preventing scams. commbank.com.au/retailers.

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Retail TouchPoints

OCTOBER 21, 2021

We’re indifferent on where the shopping journey ends, where that transaction takes place ,” said Matt Madrigal, VP and General Manager of Merchant Shopping at Google in an interview with Retail TouchPoints. “It We’re Not a Retailer, We’re Not a Marketplace’.

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Retail TouchPoints

OCTOBER 29, 2020

It has been widely reported that the Covid-19 pandemic has led to a boom in online retail. As online activity has increased during the pandemic, online fraud has too, and fraudsters are poised to wipe out a big chunk of merchant profits by posing as legitimate customers. Who’s Really Making That Curbside Pickup?

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Merchant Services Accounting Shipping Returns 153

Inside Retail

AUGUST 24, 2021

Creators with a TikTok for Business account will soon be able to add a shopping tab to their profile, and create a mini storefront that can link directly to their online store for checkout purposes. The post TikTok launches shopping capabilities appeared first on Inside Retail.

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Inside Retail

MARCH 10, 2022

Although one-hour delivery is hugely popular with grocery supplies, it is a first for Australian fashion retailers to offer patrons delivery within such a limited time window. Shippit’s retailers will now be able to offer their customers an Uber delivery option at checkout.

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Retail Wire

SEPTEMBER 14, 2022

A group of more than 1,600 merchants is asking Congress to pass legislation that would give them the option of using networks other than Mastercard and Visa to process credit card transactions. The retailers claim that so-called swipe fees drive up prices for American consumers. according to the Nilson Report.

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