RETAILAMZN vs. WMT – Why People Now Spend More at Amazon Than at Walmart?

The battle between Amazon and Walmart continues as both eCommerce stores keep launching innovative products to build audiences’ engagement. Amazon is expanding its services across international borders. This giant retailer is competing with UPS and FedEx to become one of the leaders in the retail industry in the world. Even though its services are not …

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Despite Supply Chain Problems Consumer Spending Is On The Rise

2021 Trends, Latest News, Retail

It came as a piece of good news for the market as American spending rose in September. People spent money on things from clothes to sporting goods. Even though the expenditure has increased, struggling supply chains are still under strain. They failed to fulfill the orders even when people spent less in prior months. The …

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Top Retail Trends in Payments

2021 Trends, Retail

The retail industry experienced major disruptions in 2020 since a vast majority of people stayed home and used eCommerce shopping platforms. During this time we saw a major transformation in the eCommerce industry. Due to the health and safety concerns during the pandemic, people started relying more on eCommerce shopping apps. As a result, online …

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COVID-19 Payment Trends Are Here to Stay, Says Visa

2021 Trends, Coronavirus, COVID19, Retail, Small Business, SMBs, Visa

As we near the one-year anniversary of the pandemic, it’s apparent that the latest payment trends that took place at swift speeds are here to stay. The most common changes businesses are implementing include contactless payments, ‘buy now, pay later’ options, and increased security protection. In short, small and micro businesses need to cater to …

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More Consumers Want to Use Venmo at Retail Stores [2023 Update]

Emerging Trends, 2021 Trends, contactless payments, Coronavirus, COVID19, Retail

Venmo started as a fun way for peers to pay one another, but it’s quickly becoming the payment method of choice at retailers too. Venmo has become a household brand – it’s the brand consumers trust when paying friends and family, and now they want retailers to use it too. While contactless payment options are …

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Direct-to-Consumer Brands Flourished in 2020, 2021 Looks Even More Promising

2021 Trends, Business, Coronavirus, COVID19, Customer Service, E-commerce, Latest News, Retail, Trends

The COVID-19 pandemic has been tough for a whole lot of industries, and in fact, some have yet to recover from the hurt inflicted. However, the previous year has unexpectedly accelerated the growth of some sectors, including the direct-to-consumer (D2C) markets. 2020 witnessed a sudden shift in the consumers’ behaviors, preferences, and purchasing patterns, compelling …

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Installment Plans Gain Traction Among Consumers, Predicted to Grow in 2021

2021 Trends, Business, Coronavirus, COVID19, Credit Card Processing, Payment Processing, Retail, Small Business

The pandemic has been hard on almost all business owners and consumers across the world. With people losing their jobs and expenses rising, millions of consumers have been going through a financial crisis for the last 10-12 months. Such wide economic gaps are compelling buyers to trim their shopping lists and finding better ways to …

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Retail Trends for 2021

Retail

Times are changing in all industries, including the retail sector. Consumers don’t shop like they used to, but that doesn’t mean they aren’t spending money. They are just doing it in different ways and if retailers want to keep their sales high, they have to jump on board with what consumers want. What do consumers …

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Retail Merchant Trends for 2020

Coronavirus, COVID19, Merchant Services, Retail, Trends

As the effects of the pandemic continue, we’ll likely see more changes in the retail industry. Retail merchants had to make major changes while the economy was shut down, but those changes may continue. Retailers need to adapt to what consumers want and what the economy allows. Today, that means a lot more e-tailing than …

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Merchants Prepare for Over $40 Billion in Returns [2023 Update]

Merchant Services, Retail

Not everyone is always thrilled with their Christmas gifts, and now that we can shop for anything we want with relative ease and next to no effort, so too can we return items. Year on year, Christmas shopping habits are growing and the dollar amount consumers spend is on the rise. It’s only inevitable that …

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5G Communications Could Change the American Retail Landscape [2023 Update]

Financial News, Retail

In terms of telecommunications and payment transactions, the United States is strangely out of step with the rest of the world in some aspects. Paper checks, for example, are still used by many companies. The adoption of EMV technology by American retailers was slow enough to cause anxiety among providers of payment processing services. As …

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Summer Marketing Ideas For Retail Stores

Marketing, Retail

Getting customers into your store during the summer months can sometimes be difficult. Most people take a summer vacation to somewhere, which could severely cut down on your business. However, there are ways you can market your store for the summer. One of those ways is to capitalize on the fact that people travel in …

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The End of Required Credit Card Signatures

Credit Card Processing, Credit Cards, Emerging Trends, EMV, MasterCard, Payment Processing, Restaurant, Retail, Visa

In April, credit card signatures will become a thing of the past. American Express, Discover, Visa, and Mastercard have all announced they will end the signature requirement for in-store credit card machine purchases. For Discover, Mastercard, and American Express, the end date was April 13. Visa will end the signature requirement later in the month. …

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Protect Your Business from Credit Card Skimmers

Credit Card Processing, Restaurant, Retail, Security, Small Business, SMBs, Uncategorized

Protect Your Business from Credit Card Skimmers Each year, companies sign on to take advantage of merchant services offered for credit card processing. Skimmers are quickly becoming a threat to unsuspecting customers as companies rely more heavily than ever on point of sale services for their businesses. As a merchant, you want to protect your …

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What Mobile-First Shopping Will Mean for the Retail Industry in 2018

Business, E-commerce, Emerging Trends, Marketing, online ordering, Restaurant, Retail

When considering the trends that have been shaping the retail industry over the last few years, it is easy to infer that 2018 will be the year of mobile first shopping. Online retail giants such as Amazon have noticed that shoppers are not quite ready to completely abandon the brick-and-mortar model; however, they expect to …

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California Overturns Ban on Surcharges [2023 Update]

Credit Card Processing, Payment Processing, Retail, Small Business, Surcharge

Many retailers impose a fee on customers when they use a credit card as they are charged a fee for using a credit card machine to process a transaction. This practice has long been illegal in California, however. In 1985, California passed a law banning businesses from charging these fees, which forced many businesses to …

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Get Payment Processing for Firearms

Firearm Merchants, Payment Processing, Retail

How to Get Payment Processing for Firearms If you plan to sell guns online or in a retail setting with a credit card machine, you will quickly discover that merchant services can be hard to acquire. Transactions that involve gun sales — including those by gun stores, firearms dealers, and gunsmiths — are considered high …

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Avoid EMV Non-Compliance Fees

Business, Chip Cards, Customer Service, E-commerce, EMV, online ordering, Point of Sale Systems, POS, Restaurant, Retail

Some credit card processing companies are now charging “EMV non-compliance fees”. For those who don’t know, the acronym EMV refers to the technology embedded in what are commonly called chip cards. Developed originally to increase security for customers when making a “card present” payment at a retailer, the date for merchants to install a chip-enabled credit …

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