Month: April 2019

The Most Popular Payment Options For Ecommerce Website

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An eCommerce site must always have multiple payment options. If you run a shopping site, and you only have one payment method, you may be leaving thousands of dollars on the table. So what are some of the must-have payment options?

Paypal.

Everyone knows about Paypal. If you are not using Paypal, you are isolating a huge group of people. Paypal is a payment solution that allows its members to make payment without having to use a credit card. The credit card info has already been stored in the Paypal account. All the member has to do, is to login to his or her paypal account when making payment. That means entering an email address and a password. That is far more convenient than having to take out the credit card and enter the credit card numbers into the payment form.

In the event that a customer does not have a Paypal account, he or she can still proceed with payment without having to sign up for an account. In this case, the check out process would be very similar to the usual check out process. The customer will have to enter the credit or debit card number.

In addition, you can easily integrate Paypal into your shopping site as most eCommerce software supports Paypal.

Google Checkout.

Google is becoming a highly competitive player in the payment solutions space. Like Paypal, it also has millions of members. You can easily add Google Checkout buttons to your site by copying and pasting some code snippets.

Google Checkout is especially important if you are promoting your eCommerce site using Google’s very own pay per click advertising system. When you create an add in the system, your ad appears on the right hand side of the search results. If your site supports Google checkout, a small little shopping cart will appear in your ad. Visitors will know that your site supports this payment method just by viewing the ad.

This increases conversion rates because payment by Google checkout is very fast and convenient. For customers who have used Google checkout before, all they have to do is to enter their email address and password (just like Paypal). There are no lengthy forms to fill up. If he or she is a first time user, a new account will be created.

Conversion rates tend to be higher when you offer Google Checkout as a payment option because of the trust factor. Some customers may be afraid to make a purchase because they are unwilling to share credit card information with merchants. With Google checkout, they won’t have to share private information.

2Checkout.

2CO has been around for many years now. This is a payment processor that allows you to accept payments by credit or debit cards. Unlike Paypal and Google Checkout, customers will have to fill in their credit card info when making a purchase. The payments will be sent to 2CO, who will then verify the payments. The revenues will then be sent to the merchants via direct bank transfer or check.

Worldpay.

This is a very popular payment processing solution that is used by many large corporations. You must have your own merchant account if you want to use Worldpay. The setup allows revenues to be sent directly into your bank account.

Questions to Ask Yourself When Setting Up Ecommerce

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For years now e-commerce has been continuously evolving and transforming the shopping experience. It isnt to say that brick and mortar stores are necessarily on the decline, but rather innovative bells and whistles have been added to the industry. If you had mentioned the term e-commerce to anyone a few years ago, the majority would have answered with, “Oh its like Ebay and Amazon” or “Its online shopping.” The fact of the matter is that trying to compare it to anything else is only going to be relevant for that particular time period.

With the release of every new technology, a new way to attract and retain customers is simultaneously born. Try explaining to someone before the introduction of smart phones and tablets, that one day they will be able to buy products not only from the comfort of their own PC at home, but also in public transport, while waiting for an appointment at the doctors office, or even on a treadmill at the gym. And with the recent introduction of wearable technology such as Google Glass among others, the e-commerce experience and shopper behavior is only going to further evolve.

When e-commerce first began to take off, typically the shopper would order a product online and wait four to six weeks for it to arrive. Today that model has been reversed. Individuals preview a number of different products on a number of different devices, reserving or buying online but picking the product up in person. It is killing two birds with one stone so to say. The shopper looks at merchandise when its convenient for them without having to take time out from their schedule to visit a store, not to mention eliminating the shipping and handling process completely.

Questions, Questions, Questions

If you are a retailer who is reading this, naturally you are concerned, quite discombobulated, and have many questions in respect to how you will keep up with the never ending cycle of technological advancements and fluctuating shopper behavior:

Am I effectively engaging my target audience and how much should I invest in it?
Am I getting the most use out of my customer databases?
How can I predict customers behavior?
How can I offer customers the products they want but werent aware of the fact until they were shown to them?
What can I do to improve my online business visibility?
How user friendly is my on-line platform?
How can I increase the number of visitors to my site and keep them there for longer than 10 seconds?

Who holds the key?

The best ally a retailer of any product can have against volatility in todays market is a reliable technology partner who is constantly informed about the changing market trends and is always able to offer the right solutions at the right time, before it is too late! There is a reason for the saying, “Knowledge is power.”

Ecommerce and client orientation.

How to combine two terms?

The rapidly transforming industry makes a retailer confront the issue of how to stay relevant and keep pace in such situation. Moreover new tendencies and technologies that appeared recently the entrepreneur pay more attention to client orientation of their services. For example would you really buy new iPhone or MacBook if you had to lose half an hour of your expensive time while searching on their tangled website? I bet that you wont. Thats why Apple services is extremely client oriented and even intuitive. As you may notice from your personal experience this approach works for both small firms and international enterprises. Isnt it sweet when you come to a coffee shop next to your door and the barista knows which syrup you like the most in your latte? It is easy to focus business philosophy on the clients needs when online shopping is not an option for your business. But now the status quo has changed.

So what is the most challenging point of eCommerce client orientation? To fit demands of the client you definitely should think of device diversity that is in every-day use. Think of it: even if your website is profitable, at some point your user will stand up from his PC and move along with his smartphone or tablet in hand thats where all the troubles start for you. The chinese say: A good client doesn’t change shop in three years, a good shop doesn’t change clients in three years. So lets see what is the best option for you to follow. OmniChannel is the key to your clients heart and wallet. One of the ways to explain OmniChannel is: cross channel being done well. But real OmniChannel goes well beyond this definition its not only understanding of customer needs its predicting of what your user has in mind. Allow customers to own their data and experience, then give them the ability to use it to guide creation and context of every future experience and youll reap the harvest of your efforts.