The covid 19 pandemic changed the business environment, especially for small and medium scale merchants. Survival for most businesses depended solely on turning to e-commerce. However, finding lenders to facilitate this shift became a hurdle for many small businesses as traditional lenders opted to lend to big established companies. This article demonstrates new funding approaches that are changing the capital financing environment to give small business owners opportunities of growing their enterprises. Funding Approaches First is important to recognize the difference between funding and a loan. Generally, business loans require security to access and come with complicated conditions for the […]

You feel it’s the right time to start a business, yet you find it hard to decide where to locate the business. As an entrepreneur, you will need a  place that inspires you and gives you space to grow over time.  When you finally get your idea, identify your capital financing option, and formulate a dedicated business plan, opportunities and places to start the business are limitless. We will look at three easy places to start any business. At home Starting a business at home is much easier today than in the past years. Globalization and technology have tremendously improved […]

Online shopping over the next couple of years is expected to grow on a massive scale. Worldwide, e-commerce sales surpassed $4.2 trillion in 2020, and those numbers will only continue to grow. Now that consumers are growing used to the convenience of shopping for everything online, there really is no going back. Speed and convenience is the name of the game. It’s what consumers have grown to expect: fast payment processing that is convenient in every way and safe to use. To make this happen and easily maintain it, e-commerce companies need industry-leading payment processing and the right payment gateway. […]

New Report Says Every $1 of Fraud Costs E-Commerce Merchants $3.60 When it comes to their list of concerns, fraud has always been at the top of the list for merchants. As the pandemic has ushered in the age of contactless payments, this threat has only grown. Contactless was well on its way, but the changes that have taken place rapidly over the past 2 years have pushed merchants to adopt this form of payment, perhaps before they were really ready.  The outcome? Fraudsters are always ready. Ready for any and every opportunity to breach a weak spot. According to […]

As the uncertainty, confusion, and worries of 2020 drag on, many consumers will continue to rely on online merchants – more than ever before. This holiday season, online merchants expect consumers to lean on them for all of their shopping needs, from holiday decor and groceries to gifts and holiday cards. For many retailers, this shift in consumer trends may feel overwhelming and a little disappointing, but it likely doesn’t come as a surprise.  The shift to e-commerce has been happening for some time. The coronavirus pandemic has simply sped up a process that was already in the works. In […]

UPS (United Parcel Service), the American multinational package delivery and supply chain management company, reported that it is expecting to process an unprecedented 1.9 million returns on January 2, 2020. “National Returns Day” is considered a peak day for returns. This was an increase of 26% from the previous year. It is the seventh year in a row that returns have hit an all-time record high. The success of UPS is down to its offerings of both convenience and transparency in its return process. This process benefits both retailers and consumers. In years past, consumers hurried back to brick and […]

LexisNexis Risk Solutions carried out a study concerning U.S. merchants in 2019. Based on the study called The True Cost of Fraud, every $1 of fraud loss cost companies $3.13. The study also showed that there was a huge increase in fraud trials and successful attacks. If this is what you’re interested in and if you need alternative small business loans, this article is right for you. Alternative Small Business Loans & Cost of Fraud First of all, let’s see when true fraud occurs. Well, it happens when hackers make use of stolen payment data to make purchases for personal […]

The eCommerce share of total Chinese retail sales is growing with incredible advances. The U.S. must catch up to the growth of Chinese digital payments. How can this be done? Just keep on reading below to know! Digital Payments Growing: U.S. & China The U.S. Department of Commerce reports that eCommerce accounted for 9.8% of total retail sales in Q3 of 2018. As for China’s eCommerce, it made up 16% of total retail in 2016, as the Goldman Sachs’ China E-Commerce Shopping Re-Imagined Report showed. According to the Goldman Sachs’ China E-Commerce Shopping Re-Imagined Report, the growth is driven by […]

Merchant’s suffered when Stripe recently decided to pull out their support for taking Bitcoin in e-commerce transactions. And now, Coinbase has come in to offer online retailers a means to accept cryptocurrencies. The famed payment service provider Stripe made public their plans to terminate Bitcoin support last month. And the crypto exchange expert Coinbase is now stepping up to fill the gap by providing a new option for web-based merchants. Coinbase Commerce is best known for converting fiat into Ethereum, Bitcoin, Bitcoin cash or Litecoin. The company is currently valued at a whopping $1.6 billion, up from last year’s $100 […]

The internet has opened up more opportunities than one could possibly fathom before the inception of this revolutionary means of running your business. If you are an aspiring entrepreneur looking to make the most of the internet by offering your products or services online, perhaps what you need to start off is a word of advice from people who have been in your shoes and taken steps that led them to enviable success. Advice no. 1: Identifying the demand You can’t just take any business online and be sure of its success. An owner of a start-up that took his […]