Cards are a popular payment method. But they can add up your expenses in various charges. With new fee rules coming in from Visa and Mastercard, European merchants and online sellers have to adopt alternatives that reduce card processing costs without affecting the customer experience.
An interchange fee is a fee that merchants pay to the cardholder’s issuing bank for every card payment. Visa and MasterCard are raising their interchange fees, which has caused much uproar amongst businesses and regulators in Europe. Learn how this will impact your business and how you can prepare for it.
Consumers today are more comfortable buying things cross-border than before. But they demand the same convenience in cross-border transactions as in domestic ones. International sales can open up immediate growth opportunities for e-commerce companies. But improving payment efficiency is critical for merchants to offer a seamless checkout, build trust and cultivate a loyal global customer base.
Card-Not-Present (CNP) fraud is a type of fraud where a fraudster makes an unauthorized transaction without physically presenting the card. CNP fraud most commonly happens in e-commerce but can also occur in other card-not-present channels. Card-Not-Present fraud can spell trouble for your business in the long term, damaging your revenue and brand reputation. Using an omnichannel fraud strategy and AI-based tools can help you fight fraud effectively and avoid chargebacks.
Consumers are seeking more embedded payment experiences, while merchants are looking to offer the best payment options to them. A maturing open banking system and real-time payment rails have led to A2A payments becoming one of the hottest emerging payment methods. Here is how businesses can gain from this versatile form of payment.
Variable Recurring Payments have the ability to revolutionize the way real-time payments are made. And as Open Banking in Europe matures and grows, the scope of variable recurring payments is huge for consumers as well as businesses. Keep reading to find out how customers and merchants gain from Variable Recurring Payments.
Request to Pay (or R2P) is being seen as the future of instant payments. Not only do they improve clarity and security, but they also offer a host of features that could transform the way people and businesses make payments. Find out how Request to Pay helps e-commerce payments, businesses and consumers.
Growing e-commerce sales and digital adoption worldwide have opened up a world of opportunities for businesses looking to expand into global markets. Adopting new payment technologies can play a pivotal role in reaching new customers and building a global brand. Know the payment strategies for the global expansion of your business.
The right mix of payment methods can help e-commerce merchants to ignite their sales and create a shopping experience customers love. Learn how you can build the right payment mix and stay competitive. Get more information on how to improve payments through optimized payment strategy reach new customers and make your business grow.
Continuing demand for choice, value, and flexibility is driving the rise of digital payments worldwide. And this transformation is moving faster than anyone anticipated. E-commerce businesses have to tap into these trends to stay competitive and build greater brand loyalty in the future. Find out the three most essential payment trends.
Fraudulent card testing is a growing threat to e-commerce companies globally. Unchecked card testing attacks can be costly, raising costs for merchants and leaving them vulnerable to additional fraud. If you are an emerging entrepreneur or an e-commerce merchant, you must know how to prevent card testing fraud.
Recurring payments are a breeze when they work but a pain when they fail – for both consumers and merchants. However, there are several strategies subscription and e-commerce businesses can adopt to reduce payment declines and ensure a superior user experience. Read the full article to find out the ways to reduce payment declines in recurring payments.