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Shining a Light on a Growing Ecommerce Threat: Chargeback Fraud

Retail TouchPoints

Experts report that chargebacks will cost merchants over $100 billion in 2023, and false claims and abuse of the chargeback process are a growing threat to merchants. Still, the cost of chargeback fraud is simply too high to ignore. For every $100 in chargebacks, your true chargeback cost is $240.

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Best Payment Gateways For UK Businesses (2021)

Ecommerce Platforms

If you're a UK entrepreneur who's laying the groundwork for their online business, you may have already started researching payment gateway providers. If that's you, you'll likely know that payment gateways offer different features, terms, and pricing depending on the country you're operating from. Shopify Payments.

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You Choose: Free Shipping vs. Lower Prices

ChannelAdvisor

Which would you rather choose: a $49 product with free shipping or the same product for $39 plus $10 shipping? Free shipping was once a fast-growing trend in e-commerce. The Psychology of Online Pricing. This is called the zero price effect , or the irrational urge to get free stuff. Source: Shippo, 2021.

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Best Platform to Sell Online in 2020: An In-Depth Analysis

Ecommerce Platforms

Some of the factors include pricing, app offerings, and themes. The least expensive option is Wix Commerce. Whereas a standard website platform/builder has features for adding pages and posts and menus, an ecommerce platform takes it a step further by including product management, shipping tools, payment processing, and more.

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How To Calculate A Break-Even Point – Analysis, Definition and Formula

Ecommerce Platforms

It's also used to assess recurring production expenses. . A break-even analysis allows you to assess the margin of safety. For the most part, making such an analysis allows you to work with practical projections. It takes into account, all the perks this analysis calculator brings on board, and breaks down any strange jargon.

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4 Back-of-the-Office Opportunities to Lift Recommerce’s Profitability

Retail TouchPoints

Opportunity #1: Cost-efficient inventory management. Without an efficient process in place, a retailer may unintentionally offer undesirable items. This simple program helps ensure the sellable items end up back in front of consumers while the other jeans and jackets get shipped to the recycling facility.

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How Online Businesses can Master Inventory Management to Impact Operations

Retail TouchPoints

Learning to master your inventory management processes can net significant bottom-line results in your ecommerce business. Inefficient processes and software: Not harnessing the right tools. If your ecommerce business has been around for a while, you might still be processing orders or managing your inventory with manual methods.