You deal with embedded finance when non-bank providers integrate financial services into a variety of marketplaces and services. The embedded finance era is taking hold. This type of finance generated $22.5 billion in 2020 and offers more than one benefit to businesses having been severely hurt by the COVID-related restrictions. Embedded Finance Is on the… Read More »Embedded Payments for Post-COVID Business Recovery
Pre-pandemic, the preferred payment alternatives among US customers were somewhat predictable. According to the Fed Reserve Bank of Atlanta, the most noticeable trends from 2018 to 2019 were a surge in online bill payments and a persistent drop in cash payments. Based on a countrywide representative survey poll of almost 3,400 clients, the average monthly… Read More »Will Customers Return to Their Usual Payment Habits Post-Corona?
No doubt, the Coronavirus has disrupted our lifestyles and changed how we do many things. For instance, the payment space has experienced sudden alterations like reduced cash usage and growth in eCommerce shopping. For instance, surveys show 40 percent of customers say moving forward, they will buy items online more than they do instore. Shopping… Read More »How The Novel Coronavirus is Impacting Payment Trends?
We know that businesses have suffered through Coronavirus, but how far have these adverse effects gone? According to the most recent stats, nearly 25 percent of microbusinesses have already closed down permanently without plans of ever recovering—another 40 percent plan to close down operations in the coming few months. The few who are still hopeful… Read More »Why Nearly 25% of Small Businesses Have Closed Temporarily or Permanently
Peer to peer transaction processing platforms such as Zelle serve as a bridge that connects consumers and allow them to make and receive payments. However, lately, businesses are increasingly adopting these services, even threatening to beat consumer usage. So far, up to seven leading financial institutions are helping home-service firms, and small enterprises collect payments… Read More »Zelle Attracting More Businesses as the Platform Grows into a Preferred Payment Platform amid COVID-19
A pandemic is a difficult time to run a business, but just how bad is the situation amid COVID-19? The most recent data by the Federal Trade Commission (FTC), the official protector of US consumers, shows a tough struggle among ecommerce merchants. Consumer complaints have surged significantly amid a crisis. Over 50 percent of those… Read More »FTC: ‘Product Not Received’ Complaints amid Corona Double Cases Recorded in Last Festive Shopping Spree
According to forecasts by eMarketer, a leading financial analysis firm, the overall ecommerce retail sales in US is expected to decrease by 10.4% before the close of 2020. Such a drop has not been experienced since the 8.3% drop witnessed in the financial recession of 2009. The market analyst also estimated that the US will… Read More »The Total Number of Retail Sales Will Drop But Ecommerce Firms Will Likely Benefit
The coronavirus disease has resulted in many changes to our normal way of life. People have to wear masks, sanitize regularly, observe distancing, and remain at home to avoid contracting the deadly viral infection. Businesses, especially physical shops, were adversely affected when the pandemic began to ravage the US early this year. A majority of… Read More »Experts Predict a Rise in Physical Store Shutdowns amid COVID-19
Gun sales went up in March—amid the COVID-19 pandemic— for some reason, which meant more revenue for firearm retailers. “March firearm sales went up 20 percent,” according to Steve Burnsides, the owner of Brown Loans. “For the first time, I’m seeing many newbie firearm owners walk into my store.” Mr. Burnsides ties this increase in… Read More »Firearm Friendly Merchant Account Offers and Credit Card Processing Solutions
Since 2011, cash payments have been steadily decreasing in Canada. The coronavirus has accelerated the drop even more. If you need a more detailed image of contactless transactions in Canada and want to know who can help you with a reliable Canadian merchant account, read below. Contactless Payments & Canadian Merchant Account The COVID-19 virus… Read More »MasterCard & Visa Up Canadian Contactless Transaction Limits
