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What You Need to Know About Payment Processing and eCommerce Merchant Services

Groove

Your expertise lies in your specific industry, and you don’t necessarily have the resources within your business to dedicate to website management. Fortunately, quality eCommerce merchant services can help companies manage their websites and process payments to drive revenue and long-term success.

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

Retail TouchPoints

Despite these efforts, 63% of purchases from social media were completed on an external site , according to the CouponFollow study. Given the clear ROI of social ads, it should come as no surprise that social media ad revenue reached record highs in 2020 , particularly as so much commerce activity was pushed online by the pandemic.

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Why Backend Orchestration is the True Payment Experience Unlock

Retail TouchPoints

The seamless nature of digital commerce has inspired consumers to expect more from the payment experience everywhere they shop — online, in-store and even via social channels. Customers today expect to be able to shop where and when they want and use the payment method they want.” more compared to their previous buying levels.

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How This B2B Merchant Tripled  Revenue With BigCommerce

Groove

Aside from the general revenue growth and technical debt reduction goals that all merchants share, this client had a specific list of quantifiable goals for our team to meet. B2B Requirements: NET30 Payments: On the previous Ballard Industrial site, customers could place orders online. 519% Increase in average order value.

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Subscription Ecommerce Websites Saw 4,461% Revenue Boom in 5 Years: 20 Brands Reaping the Benefits

BigCommerce

In 2016, that revenue jumped to $2.6 In fact, Amazon’s Subscribe and Save subscription service is the most used subscription service in the world, according to a McKinsey study. The various types of subscription services (and if your business model currently fits). In 2011, subscription brands made an estimated $57,000,000.

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Havas Study Highlights 5 Key Social Commerce Preferences of Gen Z and Millennials

Retail TouchPoints

billion social media users globally active daily on platforms like Facebook , Instagram , TikTok and Snapchat , social commerce is expected to drive revenues of $492 billion this year, according to Global Payments. In fact, the study found that 81% of Next Gen uses AI chatbot features as a kind of “shopping buddy.”

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Adopting a Holistic Security Mindset for Ecommerce

Retail TouchPoints

A recent study found that three-quarters of consumers will avoid a brand after a cybersecurity issue, and more than 40% assume that brands are to blame when an incident occurs. A culture of communicating about security across your business is also valuable. Fraudsters can steal employee credentials to expose customer data.