Don’t you find fascinating that credit cards make only less than half of the overall market? Have you ever wondered what is the reason for all the lost sales and cart abandonment? Here is your answer: The world of e-commerce is changing so rapidly and credit cards are now an outdated solution. With the constant […]
The revised Payment Service Directive (PSD2) is aimed at ensuring transparency and fostering innovation in the financial industry. Following the implementation of PSD2 requirements, the payments ecosystem is expected to become more harmonized. Also, banks, payment providers, FinTech companies and merchants will be able to compete better and even collaborate to benefit the consumer. Which […]
The global leader in local payment methods continues its market expansion to new countries across the Middle East Alternative Payments, the leading provider of local payment methods that specializes in bringing the latest technologically-advanced payment platforms to merchants worldwide, has added mCoinz to its payments offering. The highly popular mCoinz vouchers are available across the Middle […]
Do you know what is the average shopping cart abandonment rate? In 2017, it was almost 70%. That’s 7 out of 10 sales lost. The reason why this occurrence is frustrating to retailers is quite simple – the users who change their mind on the checkout page are obviously interested in the product, but something […]
In 2016, the eCommerce industry generated over $1.9 trillion in revenue. According to eMarketer, this double-digit growth will continue to rise and in 2020, we can expect it to climb up to $4 trillion in sales. The amount that we’re spending online accounts for almost 9% of all global retail spending. However, in the following […]
“Don’t reinvent the wheel, grease it.”- Wolf Kring, Alternative Payments The development of alternatives in the payments industry is no longer considered – if it ever was – a simple stroke of luck, but the direct result of online shoppers consistent demand for non-credit card options. Lower credit limits and greater perceived security are only […]
e-Businesses using OpenCart, Magento and OsCommerce can now easily address the demand for alternative payment methods and thus increase conversion rates. Los Angeles, CA | Vilnius, Lithuania – Alternative Payments, the global leader in providing credit card alternatives and local payment options, has made available an OpenCart, Magento and OsCommerce extension. As a result of this initiative, […]
yStats has issued Global Alternative Payment Methods: Second Half 2016 report and found that alternative payment methods globally account for a higher share of ecommerce sales than credit cards. Although credit and debit cards still account for the highest share of global ecommerce sales compared to other individual payment methods, the combined share of alternative […]
Approximately, 2 out of 3 businesses are not reaching their full market potential. Why is this so? Simply because of their inability to enter other intercontinental markets due to export disadvantages. Which results in a potentially great profit loss. But what is the number one cause behind this drawback? Is it taxes? Not really, since […]
E-commerce businesses face different customer behavior patterns and may need to adopt their product features. As a result, most e-commerce business owners agree that it makes better sense to adopt a subscription and recurring payments offering rather than a one-time billing. Recurring payments makes the most sense to digital commerce businesses because of its benefits […]
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On 'How Alternative Payments can Supercharge your e-Commerce Business