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How the Subscription Economy Is Reimagining Every Industry

Retail TouchPoints

Over the past few years, the subscription economy has grown to new heights. The digital transformation of commerce and the major shifts to subscriptions were crucial for companies in all markets to find a way to survive beyond the pandemic and create new channels to thrive. What Makes Subscriptions Appealing?

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How Subscription Merchants can Prevent Chargebacks on Recurring Payments

Retail TouchPoints

There’s no denying that the subscription economy is booming. Pre-billing reminders help keep customers informed about upcoming charges, significantly reducing the likelihood of chargebacks, especially for annual subscriptions. and Engage fi, and is the former President and Chairman of the Electronic Transactions Association.

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Americans are Embracing Subscription Services and Digital Goods in a Big Way

Retail TouchPoints

The adoption of subscription-based services and digital goods purchases were on the rise well before COVID-19 hit. consumer now pays for four different video streaming subscriptions. There are subscription shopping services now available too. Consumers grow to rely on their subscription service providers. The average U.S.

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What Is B2B eCommerce? Everything You Need to Know

Groove

Business-to-business electronic commerce—or B2B eCommerce—refers to digital transactions of goods and services between two companies. Larger transactions: From bulk orders to subscription models, B2B companies often sell high-value products and services, resulting in bigger transactions.

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Business Groups Protest FTC’s New Click-to-Cancel Rule, Calling it ‘Arbitrary and Capricious’

Retail TouchPoints

The final rule, released by the FTC earlier this month, outlines a number of now-prohibited subscription cancellation practices, all aimed at making it as easy for a consumer to cancel a subscription as it is to sign up for one. ” The groups also claim that the FTC went beyond its authority in issuing the rule.

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Best Buy Expands Loyalty Initiatives with My Best Buy Memberships

Retail TouchPoints

Best Buy is the latest retailer attempting to capitalize on the 61% of consumers who have up to four subscriptions. With the launch of these new offerings, the electronics retailer will fold its existing membership program, Best Buy Totaltech , into the new My Best Buy Total tier.

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Electronics email marketing: Real-life examples and best practices

Omnisend

Nearly one-third of consumer electronics are bought online — and for good reasons. Here are ten electronics email examples to get your creative juices flowing. Samsung also offers a freebie on Galaxy Buds Pro and a Microsoft 365 subscription, instilling FoMo and sparking interest. If you’re like five in ten U.S.