Retail TouchPoints

JUNE 29, 2021

Most in-store data had traditionally been compiled via manual inventory tracking, surveys and historical purchase data. In 2021, retailers will utilize the data they’ve gathered over the past year to focus on customer retention and fostering brand loyalty. The pandemic made the traditional guessing game difficult.

Payment Services 268

Payment Services Retail Customer Retention Payments 268

Groove

OCTOBER 7, 2022

Over half of merchants surveyed in Recharge’s State of Subscription Commerce Report choose to offer this model, with the exact figure clocking in at 55%. The goal of merchants with existing subscription programs is to increase the CLV (Customer Lifetime Value) for as many subscribers as possible to maximize revenue.

Subscription 195

Subscription Shopify Merchant Services Payment Services 195

FastSpring

MARCH 15, 2021

While implementing a subscription model means ongoing revenue, it also brings up many challenges for managing those subscriptions. You have to create a subscription-friendly product, infrastructure, marketing plan, and customer retention plan. Why Shift to a Subscription Revenue Model. Stronger Customer Relationships.

Subscription 122

Subscription Payment Services Shipping Costs Payments 122

Groove

OCTOBER 7, 2022

Over half of merchants surveyed in Recharge’s State of Subscription Commerce Report choose to offer this model, with the exact figure clocking in at 55%. The goal of merchants with existing subscription programs is to increase the CLV (Customer Lifetime Value) for as many subscribers as possible to maximize revenue.

Subscription 195

Subscription Shopify Merchant Services Shipping Costs 195

Retail TouchPoints

MAY 28, 2021

And the main reason they don’t allocate enough finances to the customer service department is that it’s difficult to tie it to revenue generated. But customer service must be prioritized by every organization. Here are three data-backed reasons why: Good customer service leads to increased customer retention rates. ?

Payment Services 175

Payment Services Games Live Chat Customer 175

Ecommerce Platforms

MARCH 14, 2023

Built specifically for a few set industries, the integrated range of business management, marketing, payment acceptance and customer engagement solutions from Evercommerce help businesses in the service environment to increase retention and accelerate growth.

Payment Services 104

Payment Services Payments Beauty and Health Electronics 104

iVend

MARCH 14, 2023

When the National Retail Federation surveyed consumers, 45% * of respondents said they preferred in-store shopping, compared to just 28% who prefer online. Checkout – the shopper can avoid queues at the fixed POS, by completing the contactless payments at the mPOS. mPOS offers the opportunity to save the sale and increase revenue.

POS 98

POS Point of Sale Mobile Payment Services 98

GetElastic

APRIL 28, 2022

According to Swirl , from 2015 to 2020, revenue from online video commerce went from $3.5 According to a global survey , "66% of global consumers would pay more for sustainable businesses and products." Omnichannel Shopping Leading to Better Customer Retention. billion to $17.6 What’s Next for DTC eCommerce?

Payment Services 78

Payment Services eCommerce Customer Retention Demo 78

Ecommerce Platforms

JANUARY 13, 2022

They discovered the incredible benefits of selling Photoshop (and all of their other software) as a monthly/yearly subscription instead of a onetime payment product. And those benefits ring true for just about every subscription business: Subscriptions attract more customers. Launch an Online Store on Shopify.

Subscription 104

Subscription Shopify Payment Services Merchant Services 104

Korona

AUGUST 23, 2022

And the numbers speak for themselves – subscription business revenues are growing five times faster than S&P 500 companies. From a business perspective, subscription commerce offers a stable financial model based on recurring monthly revenues built around almost any niche. What Is a Subscription Service?

Subscription 52

Subscription Payment Services Shipping Costs Payments 52

BigCommerce

APRIL 14, 2017

27%: The checkout process was too long or complicated. 8%: Didn’t see their preferred method of payment. Because in the Baymard Institute survey , consumers could choose multiple reasons why they abandoned cart, we cannot evenly break down exactly how many people abandoned cart solely because of final price point in checkout.

Shipping Costs 411

Shipping Costs Payments Payment Services BigCommerce 411

RetailMinded

MAY 16, 2023

Greater Audience Pool Online businesses can reach a worldwide audience and enable you to make easy money to open your emergency fund. This can be a huge advantage in generating sales and revenue. Online businesses that sell products and services also have the benefit of being able to scale up quickly.

Payment Services 52

Payment Services eCommerce Payments Live Chat 52

Ecommerce Platforms

MARCH 15, 2021

It's designed to help ecommerce brands utilize historical data to retain customers and grow sustainably. By 2019, Metrilo tracked over 3098 thousand events and processed nearly a billion orders! Metrilo comes with ready-to-use revenue breakdowns, pinpointing the following: New/returning customers. Revenue generated.

Payment Services 138

Payment Services Merchant Services Live Chat eCommerce Analytics 138

GetElastic

NOVEMBER 19, 2019

A recent study shows that 82 percent of B2B marketers spend more on customer acquisition than retention. And, we all know customer acquisition costs more than retention. More so, customer retention is easier and more cost-effective to execute. Hence, they focus on customers’ emotions.

B2B 104

B2B Payment Services B2C Payments 104

Kibo

SEPTEMBER 3, 2019

In short, the emphasis is on acquiring new customers. But the benefits to optimizing B2B eCommerce perhaps even more significant for building customer retention – and with self-service becoming increasingly the norm for repeat orders, the ROI can make a powerful case for continued online investment.

B2B 48

B2B Payment Services Payments Customer Retention 48

lateshipment

APRIL 1, 2020

Providing quick deliveries at the location and time of choice with a variety of payment options is a must in the modern world of online retail. Why There is a Need for a Third-Party Solution to Amplify Last-Mile Customer Satisfaction ?. Measure the Quality of the Delivery Experience You Offer Customers.

Improvements 225

Improvements Customer Payment Services Shipping Costs 225

Ecommerce Platforms

OCTOBER 5, 2018

This essentially means that a shopper’s interaction with a business whether in-store, via its main site, on a mobile version of the site or even social media is consistent, regardless of channel or store location. Omnichannel customers have 30% greater lifetime value than other types of shoppers. And you know what?

eCommerce Platforms 91

eCommerce Platforms Omnichannel Merchant Services Payment Services 91

FastSpring

MAY 13, 2021

Surveys have shown that 60-70% of people are likely to abandon an online purchase if they don’t see the product’s price in their native currency. They want to be able to customize the features they pay for, the length of their term, and payment frequency. Improved purchase experience. Reduced speed to purchase.

Payment Services 78

Payment Services Shopping Carts eCommerce Mobile 78

FastSpring

MAY 13, 2021

Surveys have shown that 60-70% of people are likely to abandon an online purchase if they don’t see the product’s price in their native currency. They want to be able to customize the features they pay for, the length of their term, and payment frequency. Improved purchase experience. Reduced speed to purchase.

Payment Services 78

Payment Services Shopping Carts eCommerce Mobile 78

lateshipment

FEBRUARY 14, 2020

In a typical online retail transaction, the customer adds the item they wish to buy to their shopping cart. Once payment is made through a gateway, a confirmation email with order details is sent to them by the retailer. Consequently, the onus lies with the retailer to ensure their customers have a memorable delivery experience.

Customer Experience 260

Customer Experience Management Shipping Costs Customer 260

GetElastic

OCTOBER 6, 2021

For many businesses, adding a third-party seller model to their Go-to-Market strategy was already a serious consideration, but it has become more top of mind due to the driving changes of COVID-19 on consumer buying behaviors. According to a consumer survey by emarketer , about half of all searches start on marketplaces.

Payment Services 78

Payment Services Merchant Services eCommerce Shipping Costs 78

Korona

AUGUST 17, 2021

With the advanced technology that businesses are lucky to have these days, there are plenty of business processes that can now go completely digital—for instance, record keeping. Most plans suitable for businesses are under $100/month. Automate Processes. Online customer support. Go Paperless .

Shipping Costs 52

Shipping Costs Payment Services Retail Document 52

Algopix

JULY 13, 2023

Integration with Other Business Systems For seamless operations, CRM systems integrate with various other business systems such as ERP, accounting, and e-commerce platforms. These integrations ensure data consistency, eliminate manual data entry, and enable a holistic view of business processes.

eCommerce 78

eCommerce Payment Services Management Customer 78

ESW

MAY 23, 2018

Whether you’re running an SaaS company or selling physical merchandise, subscription service offerings can lead to unexpected obstacles that aren’t applicable to traditional direct-to-consumer business models. Let’s take a more detailed look at some of the challenges businesses face when operating an eCommerce subscription at scale.

Payment Services 60

Payment Services Subscription Operations eCommerce 60

SellBrite

APRIL 23, 2019

This loan takes a portion of your sales back as payment or requires you to pay a set fee in exchange for funds. There’s no sense applying for a $60,000 loan with a 25% interest rate if it means funneling your profits into debt repayment vs. reinvesting the funds into your business. Cash advance. Peer-to-peer loan. Angel Investor.

Shipping Costs 106

Shipping Costs eCommerce Payment Services Banking 106

Lemonstand

APRIL 17, 2018

For example, Banish generated $3 million annual recurring revenue by simply offering the option of subscription for their products. These companies are the ones that have used subscription box services to build a massive audience and even more massive revenue. Putting your payments on autopilot was a bit… well, scary.

Subscription 78

Subscription Payment Services eCommerce Platforms Payments 78

ROI Revolution

JULY 2, 2020

We’ve prepared a four-week webinar series to ensure your brand is completely prepared to weather the storm and vastly increase your overall revenue. In response to COVID-19, Walmart has already integrated a touch-free payment system where customers can add money to their Walmart shopping app and use their phone to pay.

eCommerce 173

eCommerce Payment Services Merchant Services Small Business Retail 173

ROI Revolution

JUNE 2, 2020

In light of coronavirus, nearly one-quarter of shoppers are looking for contactless payments or delivery options, with 36% of shoppers saying they won’t return to brick-and-mortar stores until a vaccine is available , according to a recent survey of 3,558 consumers from Salesforce Research. Impact of COVID-19 on SMBs. million.

eCommerce 122

eCommerce Payment Services Merchant Services Shipping Costs 122

ROI Revolution

DECEMBER 2, 2021

billion in revenue. Various surveys have been circulating about consumers’ return-to-office preferences, with some polls indicating more hesitancy to return than others. 41% of respondents to an August 2021 survey said that having to return to the office either part-time or full-time would lead them to seek employment elsewhere.

eCommerce 148

eCommerce Social Media Payments Payment Services 148

ROI Revolution

AUGUST 5, 2021

Mastercard reports that their Q2 2021 revenue surged 36% over last year, a confident indication that consumer spending is rebounding after the pandemic made shoppers wary of making discretionary purchases. It’s not just that shoppers are spending more – it’s also that they’re making more digital payments and fewer cash payments.

eCommerce 197

eCommerce Social Media Payment Services Merchant Services 197

ROI Revolution

AUGUST 4, 2020

billion in revenue in Q2 2020. Because of the pandemic, Amazon allocated $4 billion in additional spend to keep customers and employees safe and increase deliveries after prioritizing only essential items. An eMarketer survey released last week shows how the coronavirus pandemic has shifted the world of ecommerce in 2020.

eCommerce 158

eCommerce Payment Services Merchant Services Small Business Retail 158

ROI Revolution

JANUARY 5, 2022

in 2021, making up for some brick-and-mortar revenue lost around the onset of the pandemic. Connected TV ad revenue is rising in light of the pandemic, with Hulu leading the way among streaming providers at $3.1 Revenue was just $269 billion in 2019 and $207.15 are seeing customers be less willing to pay full price.

eCommerce 78

eCommerce Social Media Payments Payment Services 78

ROI Revolution

JULY 1, 2021

Alternative payment options have surged over the past year and a half after the coronavirus pandemic pushed consumers to be wary about high-contact shopping. Buy now, pay later (BNPL) is one of the myriad alternative payment methods that has seen the most growth since last year, with BNPL adoption up more than 81% year-over-year.

eCommerce 148

eCommerce Social Media Payment Services Merchant Services 148

ROI Revolution

JUNE 1, 2021

Touchless payment continues to grow. Contactless payment methods surged last year with the pandemic and consumers’ concerns around safety. Touchless transactions like proximity mobile payment, buy now pay later, & BOPIS all surged with COVID-19 and are continuing to see growth even as the pandemic subsides. June 1 update.

eCommerce 158

eCommerce Social Media Payment Services Merchant Services 158

ROI Revolution

NOVEMBER 4, 2021

Revenue from ecommerce is expected to reach $469.3 US retail ecommerce revenue was just $285.9 Consumer electronics saw nearly 16% revenue growth last year. Shopify’s total revenue grew 57% year-over-year in Q2 2021, with Shopify’s merchants generating an additional $1.1 million in revenue in this category.

eCommerce 78

eCommerce Social Media Payments Payment Services 78

ROI Revolution

OCTOBER 7, 2021

Consumer electronics saw nearly 16% revenue growth last year. Shopify’s total revenue grew 57% year-over-year in Q2 2021, with Shopify’s merchants generating an additional $1.1 Furniture and homeware ecommerce revenue grew by 14.5% million in revenue in this category. million in online revenue in 2021.

eCommerce 78

eCommerce Social Media Payments Payment Services 78

ROI Revolution

SEPTEMBER 2, 2021

Furniture and homeware ecommerce revenue grew by 14.5% million in revenue in this category. million in online revenue in 2021. By 2025, digital revenue from consumer electronics will pass $88.3 By 2025, digital revenue from consumer electronics will pass $88.3 million in total revenue in 2020.

eCommerce 78

eCommerce Social Media Payments Payment Services 78