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 […]