article thumbnail

7 Ways Service Providers can Motivate Customers with Digital Incentives

Retail TouchPoints

Even as a discount helps a business move product, its also cutting into sales revenue and margins. They can often be difficult to implement, especially for businesses with recurring monthly payments. For companies looking to protect this metric, a digital incentive can appeal to customers without the same revenue hit.

article thumbnail

DEI Deflates, Retail Media Rises, Mergers Flounder

Retail TouchPoints

After moving aggressively into direct sales in 2020 and 2021, Nike had to begin rekindling wholesale relationships with retailers including DSW and Macys in late 2023. The brand also has been dealing with the repercussions of its efforts to beef up its direct-to-consumer (DTC) channel. consumers wallet.

Retail 278
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Payments in 2021: What Lies Ahead After the Digital Boom

Retail TouchPoints

It has been a year of momentous change for the payments industry. For instance, cash usage waned even further this year amongst fears around the pandemic, leading to a coin shortage across the country that had many merchants pointing consumers to digital payments if they lack exact change.

article thumbnail

Study: Consumers Warm to Social Commerce, But Payment Mistrust Could Hamper Growth

Retail TouchPoints

Isolation was a defining characteristic of 2020: with stores, workplaces, restaurants, gyms and travel hubs closed, people around the world turned to one of the few remaining channels available for community and connection — social media. The Interactive Advertising Bureau reported that social media ad revenues reached $41.5

article thumbnail

Braintree Payments Reviews (Nov 2020) – Everything You Need to Know

Ecommerce Platforms

Here we look briefly at Chicago-based Braintree Payments, highlighting some of the features a merchant might consider when picking a payment processor. Today, Braintree is one of the biggest payment solutions in the landscape, offering an excellent selection of tools for business owners to explore.

article thumbnail

Digital Commerce and the Threat of Card-not-present Fraud

BigCommerce

ecommerce platform providers) commissioned by Discover® Global Network, mid-sized merchants with annual revenues of $250 million to $1 billion are seen as the most high-risk targets for fraud over the next 12-24 months. First, fraudsters likely see mid-sized merchants as having enough revenue and customer volume to make attacks worthwhile.

article thumbnail

The Best Credit Card Processing Companies (In-Depth Review)

Kissmetrics

So, the way in which you accept payments matters for both you and the customer. Not only that, as a business owner you need to know that you’re not shelling out cash on inferior services or unnecessary additional fees. How to Choose the Best Credit Card Processing Company for You. Look at the payment terms and fees carefully.