It goes without saying that the cross-border ability to reach billions of consumers around the world presents a tremendous opportunity for businesses. However, retailers are faced with pitfalls in the payment process, resulting in more abandoned carts than ever. Here is how retailers looking to go cross-border with their business can avoid these payment headaches in the shopping cart.
If your business depends heavily on sales into the UK and EU, you will need to focus on providing additional value, reducing costs and selling into other markets to compensate for the likely decline in spending. Here are some tips to help you do just that.
Online payments through digital wallets and debit/credit cards have been emerging as a preferred transaction mode in India, mainly due to ease of transaction, availability of smartphones and internet access, and enhanced security and encryption methods. Here’s how to make the most of this developing growth opportunity.
Worldpay is expanding in Australia after winning its license to process payments in what is one of Asia Pacific’s largest ecommerce markets. The company’s expansion in Australia comes at a time of sustained growth for Worldpay, which processed 13.1 billion transactions in 2015 valued at £401.9 billion (approximately $593.3 billion) in 2015.
Cross-border solutions are expected to take center stage over the next four years, and a report shows the global ecommerce payment market will grow at a compound annual growth rate of 16.42% by 2020, according to the latest edition of the PYMNTS.com X-Border Payments Optimization Tracker.
CNP Expo was held May 24-26 at Loews Pacific Resort in Orlando. While card not present payments, fraud prevention, and handling of chargebacks were prevalent themes at the show, an awful lot of attention was paid to cross-border ecommerce. Here are 6 of the top cross-border ecommerce tips from CNP Expo speakers
The global e-commerce company AlternativePayments.com has launched a new international payments solution. See how this new solution will help etailers
Global payments technology company BlueSnap has integrated with MasterPass by MasterCard so merchants can provide frictionless global mobile checkout. The solution aims to allow them to reach global shoppers and solve checkout abandonment issues while driving higher payment conversions.
By removing unnecessary hurdles like the need to open a local bank account, World First is helping international sellers tap into Japan’s thriving ecommerce market and grow their online business by transferring sellers’ sales revenues home quickly, conveniently and economically.
Marketers need to keep the shopping habits of the country they are looking to sell into. Take a look at how your global customers are paying, to make the shopping experience a seamless one.