Retail TouchPoints

NOVEMBER 1, 2023

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.

Merchant Services 298

Merchant Services Payment Services Payments eCommerce 298

Ecommerce Platforms

AUGUST 9, 2021

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.

Merchant Services 203

Merchant Services Payment Services Payments Shopify 203

Retail TouchPoints

JULY 10, 2024

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.

Operations 278

Operations Management Shipping Costs Merchant Services 278

BigCommerce

MARCH 17, 2017

Once you make it over that hurdle, it’s time to deal with order fulfillment and shipping. And don’t forget about all the other things, like marketing and customer service, you need to focus on to build a successful business. That means you, the store owner, don’t need to keep products in stock or worry about shipping.

Shipping Costs 419

Shipping Costs BigCommerce Shipping Fulfillment 419

Retail TouchPoints

SEPTEMBER 3, 2020

Returns are a cost of doing business for any retailer. In the wake of COVID-19, returns are receiving serious (and necessary) attention for several key reasons: Retailers are spending more processing returns in stores. Whatever solutions are employed will add cost to a returns process that already cuts into profit margins.

Shipping Costs 334

Shipping Costs eCommerce Merchant Services Retail 334

Kissmetrics

SEPTEMBER 8, 2021

Niche marketplaces are unique marketplaces for businesses that want to sell their products and services. Niche B2B marketplaces allow you to speak directly to your niche, which saves time and resources in your sales process. This is changing the B2B business sales process completely. Streamlined Processes. Bulk Pricing.

B2B 298

B2B Merchant Services eCommerce Food and Beverages 298

BigCommerce

FEBRUARY 1, 2018

Sure, you might be able to sell your item for much less than the competition, but will shipping costs obliterate your margins? Of course, before you begin anything, double check that your business is operating within the confines of the law where you’re selling — local, state, federal and even international, if applicable.

Shipping Costs 411

Shipping Costs Merchant Services Payment Services BigCommerce 411

BigCommerce

MAY 4, 2018

This half-day event on June 5 is limited to only 250 attendees and includes speaking tracks from Jennifer Fleiss, Co-founder of Rent the Runway, Ken Natori, President of The Natori Company, Jenny Buchar, Senior Manager, Digital Operations at SkullCandy and others. Jenny Buchar, Senior Manager, Digital Operations. Is it More than Buzz?

Workshop 419

Workshop Presentation eCommerce Merchant Services 419

Retail TouchPoints

JANUARY 26, 2022

Merchants in particular had to quickly shift from in-store sales to online and learn how to accept payments digitally. These can all be categorized as customer service-type chargebacks. From cases of friendly fraud, where a customer disputes a legitimate transaction as fraud — resulting in a chargeback to a merchant.

Merchant Services 278

Merchant Services Payment Services Payments Shipping Costs 278

BigCommerce

MAY 2, 2017

So I dropped my price to cost and cranked up the PPC. So I rearranged the title, lowered the price and re-introduced PPC. This ‘No BS Guide’ hit the bull’s eye by helping new and intermediate sellers make sense of the operational skills they must develop to grow into profitable long-term Amazon sellers. I was on Page 1!

Payment Services 379

Payment Services Merchant Services Payments BigCommerce 379

Retail TouchPoints

JULY 5, 2022

Then, once basic digital offerings were in place, merchants began to consider how to make these ecommerce advancements permanent in preparation for the “New Normal.”. At the height of the pandemic, standing up services like curbside pickup, BOPIS and a frictionless digital experience quickly was all that mattered.

Shipping Costs 323

Shipping Costs eCommerce Retail Merchant Services 323

BigCommerce

APRIL 25, 2018

The implications for our customers, partners, and industry will be profound, and our entire team is thrilled to partner with Goldman Sachs, a world-class firm and global financial services leader. Unlike Shopify, we aren’t distracted by ancillary businesses like proprietary payments, shipping, POS, and lending.

BigCommerce 385

BigCommerce Merchant Services Customer Payment Services 385

Groove

FEBRUARY 4, 2022

If you found this article on the web, you are likely a B2B Wholesale business that is looking to expand your operations into the eCommerce space. There are specific challenges that B2B merchants face when operating an eCommerce store, and you will want to address them before they become large issues. Shipping & Pickup.

Payment Services 195

Payment Services B2B Operations Shipping Costs 195

Retail TouchPoints

SEPTEMBER 2, 2022

It could come from style, it could come from price point or it could come from assortment.”. If you want to slowly test a new market and aren’t quite ready to invest in customer service operations and last mile logistics, consider the value of partnering with adjacent retailers and marketplaces, which are primed for launching new brands.

Merchant Services 324

Merchant Services Shipping Costs Channel eCommerce 324

Retail TouchPoints

NOVEMBER 4, 2021

Prices have been scaling throughout the entire year, and for the most part, consumers seem to be absorbing those costs. They’re taking these higher prices and factoring that into their purchasing, and instead prioritizing the acquisition of goods.”.

Shipping Costs 264

Shipping Costs Consumer Supplies Merchant Services 264

Retail TouchPoints

AUGUST 7, 2023

A few days before reporting Q2 earnings, Wish also announced plans to cut approximately 34% of its workforce, or about 255 employees, in order to “refocus the company’s operations.” The trade-off is long shipping times, another thing Wish is working hard to improve. Doubling down on merchants outside of China.

Shipping Costs 245

Shipping Costs Merchant Services Payment Services Shipping 245

Retail TouchPoints

JUNE 6, 2023

Yet scaling recommerce comes with its own set of operational issues and inefficiencies. Opportunity #1: Cost-efficient inventory management. Without an efficient process in place, a retailer may unintentionally offer undesirable items. Accurate demand forecasting is crucial for all merchants — recommerce players included.

Shipping Costs 278

Shipping Costs Clothing Merchant Services Shipping 278

BigCommerce

JUNE 1, 2017

Ship products to customers in a timely manner. Managing your inventory properly across all of your sales channels helps to lower your product cost and increase shipping speed – ultimately earning you increased customer loyalty and love. You probably already know how important inventory management is.

Management 412

Management Shipping Costs Multi-channel BigCommerce 412

Retail TouchPoints

JANUARY 9, 2024

In 2020 he joined Alibaba, where he is now tasked with developing the company’s strategy and building platform-level solutions around international shipping, logistics, cross-border trade and global expansion. This will cause the channel to continue to narrow, further reducing ship traffic. and how can they prepare themselves?

Supplies 286

Supplies Shipping Costs Small Business Retail Recommendation 286

Ecommerce Platforms

JULY 7, 2020

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.

Payment Services 262

Payment Services Shipping Costs Merchant Services Payments 262

Retail TouchPoints

JULY 10, 2023

These first movers near universally are noting the gigantic opportunity to transform their business, from operations to customer relations and retention. SKUs are the lifeblood of any retail operation, helping keep track of the thousands — even hundreds of thousands — of items in inventory. Automatic price optimization.

Merchant Services 279

Merchant Services Shipping Costs Retail Social Media 279

Retail TouchPoints

SEPTEMBER 15, 2020

These retailers will face return rates in the range of 3X to 4X in-store return rates, knocking their financial models out of whack and straining operations, as discussed previously. The good news is that retailers can make a number of adjustments both to reduce return rates and to make the overall process more streamlined and less costly.

Shipping Costs 225

Shipping Costs Merchant Services eCommerce Shipping 225

Retail TouchPoints

JULY 12, 2021

Many retailers’ warehouse operations that traditionally focused on stock replenishment are expanding into direct-to-consumer, requiring them to restructure to embrace single-order, single-item shipments. With this in mind, let’s explore the steps retailers should take to ensure ecommerce success in their warehouse operations.

Shipping Costs 279

Shipping Costs eCommerce Merchant Services Shipping Labels 279

Groove

MARCH 18, 2022

Inventory automation enables eCommerce merchants to create a frictionless back end experience for employees and front end experience for customers. Automating the management of inventory makes it easier for businesses to process and fulfill customer orders, manage data critical for warehouse operations and track inventory levels.

Merchant Services 195

Merchant Services eCommerce B2B Shipping Costs 195

Retail TouchPoints

JANUARY 10, 2023

based Amazon merchants at the end of January. Additionally, Amazon is adding a new feature to the Buy with Prime package that will enable merchants to display ratings and reviews from Amazon customers on their own online stores. The offering was previously only available by invitation.

Merchant Services 299

Merchant Services BigCommerce Payment Services Payments 299

Ecommerce Platforms

APRIL 29, 2022

With both Clover and Shopify, you can sell products online and offline, manage payments from a multitude of different sources, track your inventory and so much more. Shopify POS and Clover POS are very similar in a lot of ways, but they do have some distinct differences worth noting if you’re just getting started as a growing merchant.

POS 209

POS Shopify Merchant Services Payment Services 209

BigCommerce

NOVEMBER 28, 2017

Now, it’s time to pick, pack, ship and take a look at your marketing campaigns to see which won, which lost and what that may mean for your 2018 marketing initiatives. This suggests that users are more likely to purchase more expensive items on their desktop devices compared to mobile. For our price point, phone calls are gold.”.

BigCommerce 415

BigCommerce Merchant Services Small Business Retail Food and Beverages 415

Kissmetrics

DECEMBER 18, 2020

However, now that the online shopping giant is no longer operating, you might be interested in finding the best alternatives to Wanelo. Wanelo was a social media platform designed to operate as a digital shopping mall. As a merchant, this helps you make your store and products more visible. What Was Wanelo?

Merchant Services 363

Merchant Services eCommerce Social Media Customer Loyalty 363

Retail TouchPoints

OCTOBER 6, 2022

The Retail TouchPoints 2022 Retail Strategy & Planning (#RSP22) webinar series, now available on-demand, offered a wealth of tips and best practices across critical areas including pricing, location-based technology, inventory management and marketplaces. Differentiating on product and price has become harder and harder.

Shipping Costs 287

Shipping Costs Payment Services Merchant Services Payments 287

Ecommerce Platforms

JUNE 2, 2020

Fulfillment is the process of storing, packaging, and shipping ecommerce products. However, the Shopify Fulfillment Network is a completely different service that's offered by Shopify to replace any third-party logistics you have in place. The Shopify Fulfillment App/Service.

Shipping Costs 118

Shipping Costs Merchant Services Shopify Fulfillment 118

Retail TouchPoints

DECEMBER 16, 2022

But as ecommerce has become a more prominent contributor to retailers’ bottom lines, and the cost of doing business online gets more expensive (think rising shipping costs and increasing returns), the mere existence of an ecommerce operation is no longer enough — retailers now have to find a way to make money online.

eCommerce 321

eCommerce Shipping Costs Merchant Services Customer Experience 321

lateshipment

APRIL 23, 2020

Fraudsters are leveraging the same technology that merchants are using, making it increasingly easy for criminals to scale their operations. As fast as merchants integrate the newest scam or fraud pattern into their fraud prevention solution, criminals find a new way to leverage vulnerabilities and circumvent fraud controls.

Merchant Services 242

Merchant Services Payment Services eCommerce Payments 242

Retail TouchPoints

MARCH 3, 2022

ecommerce merchants pulled in $10.8 Offering your customers flash deals can attract new customers who are searching for the best price, but they can also help build loyalty among your current customers. That includes frictionless payments and checkout and fast shipping options. Consider that in the U.S.,

Merchant Services 246

Merchant Services Shipping Costs Payments Payment Services 246

BigCommerce

SEPTEMBER 6, 2018

On the other hand, the holiday season is also cause for pain and headaches when it comes to inventory management, high-volume shipping , advertising cost planning , and of course, customer service. But this still doesn’t account for the significant lift in customer service volume during the holiday season.

Payment Services 288

Payment Services Merchant Services Customer Live Chat 288

Groove

JULY 29, 2022

After building their own API in 2009, hundreds of unique integrations have been built in order to make growth easy for merchants on Shopify. The Present With so many unique eCommerce platforms on the market, why have so many merchants all chosen to host their online stores with Shopify?

Shopify 195

Shopify Merchant Services Presentation Payment Services 195

Ecommerce Platforms

MAY 21, 2020

Lower Costs and Boost Your Delivery Speed. Determine Your Shipping Costs. Choose Your Payment Methods. Create Your Shipping and Refund Policy. They offer courses and webinars to help you through the process of moving your store online. Either way, their expenses increase and profitability goes down.

Payment Services 211

Payment Services Shipping Costs Merchant Services Payments 211

Retail TouchPoints

AUGUST 5, 2022

Online fraud cost digital commerce merchants $27 billion in 2021 , so it’s no surprise that retailers have redoubled their focus on eliminating these threats. Traditional retailers with digital commerce operations compete head-to-head with online retailers for demanding customers. Holding on to customers is a high priority.

Merchant Services 288

Merchant Services Shipping Costs Payments Payment Services 288