Online retailers are finding out that the uphill battle in maximizing sales may not be getting shoppers in the door, it may be getting them to the cash register. Shopping cart abandonment rates are regularly being reported to be as high as 70% or higher. Listrak, a well-known e-mail marketing firm, released an interactive chart […]
The latest report from Ecommerce Europe which is a membership organization of over 25,000 online b2c businesses shows impressive growth in Western European E-commerce. A few notable stats from the report are: Western EU e-shoppers spent €1,867 on average in 2013 Internet penetration in Western Europe is at 87% Online sales are forecast to reach €204.7 […]
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 […]
JCB was founded in Japan in 1981 and remains the only major payment brand headquartered in Japan. It currently estimates 84 million card holders, of those, approximately 17 million customers are using JCB cards issued in countries and areas outside of Japan. However, JCB is making moves to expand it’s card membership base in Europe. JCB International […]
French internet sales figures for the first quarter of 2014 show an increase of 11% compared to the first quarter of 2013. The number of transactions increased by 15%. The total amount spent on-line by the French was €13.4 billion euros which equal over $18.1 billion US Dollars. There are now 34 million French on-line consumers, over […]
There are 200+ payment methods used around the world. This infographic illustrates where credit cards are falling short and some of the variety of payment types. Also a brief look at SEPA, the mandate to change bank debits in all EU countries. The advantages of offering Alternative Payment methods may be lost in the credit […]
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 […]
More than 50% of online consumers in the EU do not have a credit card. “Alternative payments appeal to overlooked customer segments. More than half of European online buyers do not own a credit card…These buyers need alternatives when shopping online.” – Excerpt from “Understanding Online Payment Preferences in Europe” by Forrester Research The most […]
