E-commerce industry continues to grow. More and more people are spending more money online that cannot but please retailers. This also means that the competition will grow along with the market. In order to stay ahead of the competition, it is necessary to have information on recent e-commerce trends and know how to benefit from it. Here are 10 trends that can be seen in e-commerce industry in 2017.
The Internet is full of payment processors, however, the wide choice can only confuse you more. Somebody gravitates towards a payment processor with a successful work of its call-center, somebody focuses on the lowest rates, somebody makes a choice randomly. If you belong to people who prefer to make well-informed decisions you definitely will do your research. Since every business is unique, no wonder the payment solution that is perfect for one business is not an option for another.
If you made up your mind to launch an online business and started this challenging task choosing an ecommerce platform for your online store then most likely you've opened Google and bogged down in a bunch of expert reviews of most popular ecommerce platforms.
The topic on online payments is a bit difficult to answer without writing a dissertation on payment processing. Each of the terms deserves to be considered as a separate topic. The following, therefore, is not pretended to be an encyclopedic presentation of information of how online payments work for merchants. Nevertheless, it explains the main processes that occur during online payments.