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 Here is your answer: The world of e-commerce is changing so rapidly and credit cards are now an outdated solution.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 […]
E-commerce merchants based in the US and Canada now have a game-changing advantage to ring up sales from European consumers. The Single Euro Payments Area (SEPA) exists to unite the 28 EU countries (+7 others) into a single digital marketplace. The intention is to end many of the issues EU merchants encountered expanding into cross-border sales. This […]
The Internet has become an immensely powerful marketplace that keeps transforming the financial services industry. With the global e-commerce space projected to grow at 15% CAGR through 2018, payment systems need to adapt to the changing business landscape. Namely, as businesses and consumers move to online channels, financial services need to support their expectations in […]
The US and Canada are lagging Europe in online sales per shopper. Europe averaged 11.1% growth from 2014-2015 while the US and Canada grew at a slightly slower pace of 7.4% and 6.8% respectively. Germans were the biggest spenders in the EU with a year over the growth rate of 14.9% edging out the Poles who put […]
The European Commission has released it’s latest DESI or Digital Economy and Society Index. The scoreboard measures progress of the European digital economy. The accompanying press release offered the following highlights: – A majority of Europeans use the Internet on a regular basis: 75% in 2014 (72% in 2013), ranging from 93% in Luxembourg to 48% in Romania. […]
The Spanish website Capital, recently published an article titled “El Imparable Crecimiento del Comercio Electronico” or “The Unstoppable Growth of E-commerce”. Worth noting was the optimistic statistic by the eMarketer firm which estimates the Spanish e-commerce turnover will almost double in the next two years, from 18,000 million euros with which we will close 2014 at […]
1. Time Many of my clients at Alternative Payments had previously relied on wire transfers as the form of payment from their international customers. Most were unhappy with the time it took to receive their money. Settlement for wire transfers is 3-4 business days at best. We can’t forget that on the end of this […]
What is better than a sale from a new customer? Their next purchase because that one had zero cost of acquisition. You probably already do your best to provide a simple and sweet shopping experience. Great site user experience, product reviews or comparisons, maybe even free shipping. What happens at the checkout can be the […]
Global payments processor Alternative Payments announced that EuroDebit, the company’s flagship debit product, is 100% SEPA-compliant and has been processing transactions since the February 1 deadline set by the EPC. While the EPC has issued a six-month grace period extending the compliance deadline to August 1, Alternative Payments CEO Wolfgang Kring said his company completed […]
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On 'How Alternative Payments can Supercharge your e-Commerce Business