bm2pay | Bm2Pay https://www.bm2pay.com Unlimited Payments Solutions Mon, 11 Mar 2024 05:01:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.4 https://www.bm2pay.com/wp-content/uploads/2024/11/cropped-bm2pay-1-32x32.jpeg bm2pay | Bm2Pay https://www.bm2pay.com 32 32 C2C https://www.bm2pay.com/2019/11/05/c2c/ https://www.bm2pay.com/2019/11/05/c2c/#respond Tue, 05 Nov 2019 06:00:45 +0000 https://www.bm2pay.com/?p=3717 The C2C (Consumer-to-Consumer) business model involves transactions between two consumers. This type of commerce is typical of intermediary auction websites such as eBay, Etsy and Craigslist, but the site does not take responsibility for the quality of the products. In C2C transactions, prices are negotiable and the purchasing process is simple. These websites usually provide convenient payment methods such as PayPal, credit cards, debit cards and mobile apps. READ MORE: YOUR GUIDE TO BASIC TERMS IN THE PAYMENTS INDUSTRY

The post C2C first appeared on Bm2Pay.]]> The C2C (Consumer-to-Consumer) business model involves transactions between two consumers. This type of commerce is typical of intermediary auction websites such as eBay, Etsy and Craigslist, but the site does not take responsibility for the quality of the products. In C2C transactions, prices are negotiable and the purchasing process is simple. These websites usually provide convenient payment methods such as PayPal, credit cards, debit cards and mobile apps.

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YOUR GUIDE TO BASIC TERMS IN THE PAYMENTS INDUSTRY

The post C2C first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/11/05/c2c/feed/ 0 SHOPPING CART ABANDONMENT https://www.bm2pay.com/2019/03/19/shopping-cart-abandonment/ https://www.bm2pay.com/2019/03/19/shopping-cart-abandonment/#respond Tue, 19 Mar 2019 23:33:02 +0000 https://www.bm2pay.com/?p=2674 Shopping cart abandonment refers to a website or mobile app visitors who add items to their online shopping cart, but exit without completing the purchase. In foreign markets, there may be various reasons for this phenomenon including unfamiliar payment methods, a long checkout form, and unexpected additional charges (such as local taxes). In order to prevent shopping cart abandonment, you must study each of your new markets carefully. Does the local population prefer credit cards, debit cards or alternative payment methods? If there are local taxes or fees, make sure to prominently display the fact so that there are no unpleasant “surprises” on the checkout page. READ MORE: A MERCHANT’S GUIDE TO PAYMENT OPTIMIZATION BEST PRACTICES FOR THE TRAVEL INDUSTRY    

The post SHOPPING CART ABANDONMENT first appeared on Bm2Pay.]]> A MERCHANT’S GUIDE TO PAYMENT OPTIMIZATION BEST PRACTICES FOR THE TRAVEL INDUSTRY     The post SHOPPING CART ABANDONMENT first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/03/19/shopping-cart-abandonment/feed/ 0 SMART PAYMENT ROUTING https://www.bm2pay.com/2019/02/26/smart-payment-routing/ https://www.bm2pay.com/2019/02/26/smart-payment-routing/#respond Tue, 26 Feb 2019 20:35:03 +0000 https://www.bm2pay.com/?p=2506 One of the challenges of cross-border e-commerce is payment processing in foreign locations. While in your native market, your local payments processor may have provided excellent results, in other locations the same entity might be inefficient and costly. An advanced payment platform reroutes transactions in real time to the optimal local processors at each location, thereby lowering costs and increasing acceptances. Smart payment routing enables maximization of payment performances at every new market. READ MORE: BEST PRACTICES FOR THE TRAVEL INDUSTRY

The post SMART PAYMENT ROUTING first appeared on Bm2Pay.]]> One of the challenges of cross-border e-commerce is payment processing in foreign locations. While in your native market, your local payments processor may have provided excellent results, in other locations the same entity might be inefficient and costly.

An advanced payment platform reroutes transactions in real time to the optimal local processors at each location, thereby lowering costs and increasing acceptances. Smart payment routing enables maximization of payment performances at every new market.

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BEST PRACTICES FOR THE TRAVEL INDUSTRY

The post SMART PAYMENT ROUTING first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/02/26/smart-payment-routing/feed/ 0 SMART DATA https://www.bm2pay.com/2019/02/26/smart-data/ https://www.bm2pay.com/2019/02/26/smart-data/#respond Tue, 26 Feb 2019 20:32:52 +0000 https://www.bm2pay.com/?p=2503 Smart data refers to information that your systems have gathered about your sales, customer shopping habits and payments. Ecommerce businesses that accept payments aggregate large amounts of data which can provide crucial insights into ways to improve customer experiences, consumer services and business strategy. Using this kind of data, you can personalize customer experiences by offering special discounts on favorite products or gift certificates on special occasions. You can also use data about existing markets to plan expansion, improve sales at existing locations, and build targeted marketing campaigns An end-to-end payment platform provides you with advanced tools to track payment processes, study customer purchasing habits and monitor performances.   READ MORE: PAYMENT PREDICTIONS FOR 2019 A MERCHANT’S GUIDE TO PAYMENT OPTIMIZATION  

The post SMART DATA first appeared on Bm2Pay.]]> Smart data refers to information that your systems have gathered about your sales, customer shopping habits and payments. Ecommerce businesses that accept payments aggregate large amounts of data which can provide crucial insights into ways to improve customer experiences, consumer services and business strategy.

Using this kind of data, you can personalize customer experiences by offering special discounts on favorite products or gift certificates on special occasions. You can also use data about existing markets to plan expansion, improve sales at existing locations, and build targeted marketing campaigns

An end-to-end payment platform provides you with advanced tools to track payment processes, study customer purchasing habits and monitor performances.

 

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PAYMENT PREDICTIONS FOR 2019

A MERCHANT’S GUIDE TO PAYMENT OPTIMIZATION

 

The post SMART DATA first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/02/26/smart-data/feed/ 0 SEO OPTIMIZATION https://www.bm2pay.com/2019/02/26/seo-optimization/ https://www.bm2pay.com/2019/02/26/seo-optimization/#respond Tue, 26 Feb 2019 19:47:50 +0000 https://www.bm2pay.com/?p=2500 Search engine optimization (SEO) is the practice of increasing the quantity and quality of traffic to your website through organic search engine results. The most popular search engine used daily on the Internet is Google. Organic promotion enables users seeking your services to find your brand more easily. Effective organic promotion is achieved through key terms that connect your business to relevant search lists. It is important to keep up-to-date with your industry’s keywords and use them correctly.   In contrast to organic promotion (SEO), PPC enables you to reach the top of the search results quickly through a budget that you set for a certain word. The payment process is based on the number of times users click the ad.   READ MORE: WHAT SHOULD YOU LOOK FOR IN AN E-COMMERCE MARKETPLACE? 4 TAKEAWAYS FOR BLACK FRIDAY & CYBER MONDAY 2019  

The post SEO OPTIMIZATION first appeared on Bm2Pay.]]> Search engine optimization (SEO) is the practice of increasing the quantity and quality of traffic to your website through organic search engine results. The most popular search engine used daily on the Internet is Google. Organic promotion enables users seeking your services to find your brand more easily. Effective organic promotion is achieved through key terms that connect your business to relevant search lists. It is important to keep up-to-date with your industry’s keywords and use them correctly.

 

In contrast to organic promotion (SEO), PPC enables you to reach the top of the search results quickly through a budget that you set for a certain word. The payment process is based on the number of times users click the ad.

 

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WHAT SHOULD YOU LOOK FOR IN AN E-COMMERCE MARKETPLACE?

4 TAKEAWAYS FOR BLACK FRIDAY & CYBER MONDAY 2019

 

The post SEO OPTIMIZATION first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/02/26/seo-optimization/feed/ 0 PCI COMPLIANCE https://www.bm2pay.com/2019/02/26/pci-compliance/ https://www.bm2pay.com/2019/02/26/pci-compliance/#respond Tue, 26 Feb 2019 19:44:32 +0000 https://www.bm2pay.com/?p=2497 PCI compliance requires meeting standards connected to the Payment Card Industry Data Security Standard (PCI DSS) which was compiled by major credit card companies such as Visa, MasterCard, Discover, and American Express. Merchants that handle cardholder information must maintain PCI compliance or be penalized by the companies responsible for creating the standard.   PCI compliance is one of the key methods used to prevent credit card fraud, among other security measures such as tokenization and 3D Secure Checkout. As an advanced payment platform is PCI compliant, when a business chooses to use one for processing payments, it no longer needs to concern itself with attaining compliance. READ MORE: BEST PRACTICES FOR THE TRAVEL INDUSTRY 4 TIPS FOR SECURE HIGH-RISK CREDIT CARD PROCESSING

The post PCI COMPLIANCE first appeared on Bm2Pay.]]> PCI compliance requires meeting standards connected to the Payment Card Industry Data Security Standard (PCI DSS) which was compiled by major credit card companies such as Visa, MasterCard, Discover, and American Express. Merchants that handle cardholder information must maintain PCI compliance or be penalized by the companies responsible for creating the standard.

 

PCI compliance is one of the key methods used to prevent credit card fraud, among other security measures such as tokenization and 3D Secure Checkout. As an advanced payment platform is PCI compliant, when a business chooses to use one for processing payments, it no longer needs to concern itself with attaining compliance.

READ MORE:

BEST PRACTICES FOR THE TRAVEL INDUSTRY

4 TIPS FOR SECURE HIGH-RISK CREDIT CARD PROCESSING

The post PCI COMPLIANCE first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/02/26/pci-compliance/feed/ 0 PAYMENT PLATFORM https://www.bm2pay.com/2019/02/26/payment-platform/ https://www.bm2pay.com/2019/02/26/payment-platform/#respond Tue, 26 Feb 2019 19:40:07 +0000 https://www.bm2pay.com/?p=2494 An all-in-one advanced payment platform handles an enterprise’s payment needs from start to finish regardless of whether the business is high or low risk, large or small, online or in-store. The payment platform provides gateway services, credit card processing, cross-border payments and other features to streamline payment processes at every global location. Using machine learning and via a single integration, the system provides smart routing, adjustable fraud screening capabilities, actionable data and end-to-end visibility of an online enterprise’s payment processes at every market. READ MORE: A MERCHANT’S GUIDE TO PAYMENT OPTIMIZATION 4 TIPS FOR SECURE HIGH-RISK CREDIT CARD PROCESSING

The post PAYMENT PLATFORM first appeared on Bm2Pay.]]> An all-in-one advanced payment platform handles an enterprise’s payment needs from start to finish regardless of whether the business is high or low risk, large or small, online or in-store. The payment platform provides gateway services, credit card processing, cross-border payments and other features to streamline payment processes at every global location.

Using machine learning and via a single integration, the system provides smart routing, adjustable fraud screening capabilities, actionable data and end-to-end visibility of an online enterprise’s payment processes at every market.

READ MORE:

A MERCHANT’S GUIDE TO PAYMENT OPTIMIZATION

4 TIPS FOR SECURE HIGH-RISK CREDIT CARD PROCESSING

The post PAYMENT PLATFORM first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/02/26/payment-platform/feed/ 0 ONLINE PAYMENT METHOD https://www.bm2pay.com/2019/02/26/online-payment-method/ https://www.bm2pay.com/2019/02/26/online-payment-method/#respond Tue, 26 Feb 2019 19:35:09 +0000 https://www.bm2pay.com/?p=2491 An online payment method refers to the way that a buyer pays for services or products on a website or mobile app. Typical online payment methods used today include credit and debit cards, online payment services such as PayPal, alternative payment methods, and various e-wallets. Due to the fact that many e-commerce retailers operate cross-border websites at various global markets, special attention must be paid to the offered payment methods. A new customer in a foreign country will complete a purchase on your website only if they feel comfortable about the payment methods being offered on the transaction page. Before reaching out to foreign markets, study the online payment methods that are most popular in each region and offer them as payment options. By offering familiar payment methods, you are preventing shopping cart abandonment and generating customer loyalty. READ MORE: A MERCHANT’S GUIDE TO PAYMENT OPTIMIZATION A MERCHANT’S GUIDE TO INTERNATIONAL PAYMENTS OMNICHANNEL CHALLENGES FOR MERCHANTS

The post ONLINE PAYMENT METHOD first appeared on Bm2Pay.]]> An online payment method refers to the way that a buyer pays for services or products on a website or mobile app. Typical online payment methods used today include credit and debit cards, online payment services such as PayPal, alternative payment methods, and various e-wallets.

Due to the fact that many e-commerce retailers operate cross-border websites at various global markets, special attention must be paid to the offered payment methods. A new customer in a foreign country will complete a purchase on your website only if they feel comfortable about the payment methods being offered on the transaction page. Before reaching out to foreign markets, study the online payment methods that are most popular in each region and offer them as payment options. By offering familiar payment methods, you are preventing shopping cart abandonment and generating customer loyalty.

READ MORE:

A MERCHANT’S GUIDE TO PAYMENT OPTIMIZATION

A MERCHANT’S GUIDE TO INTERNATIONAL PAYMENTS

OMNICHANNEL CHALLENGES FOR MERCHANTS

The post ONLINE PAYMENT METHOD first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/02/26/online-payment-method/feed/ 0 OMNICHANNEL RETAIL https://www.bm2pay.com/2019/02/26/omnichannel-retail/ https://www.bm2pay.com/2019/02/26/omnichannel-retail/#respond Tue, 26 Feb 2019 19:30:38 +0000 https://www.bm2pay.com/?p=2487 Omnichannel retail refers to the use of a variety of sales channels in a customer’s shopping experience. This multi-channel may include physical stores, online stores, mobile apps, telephone sales and any other method of engaging with a buyer. Customers’ omnichannel experiences may vary: For example, sometimes the consumer will compare prices on a mobile phone or via social media and complete the purchase in-store, or they might choose to visit the physical store before buying the item online or in-app. Using analytics, you can identify the best ways to engage your customers personally and generate interaction on their favorite channels. It is crucial to convey a consistent brand message across channels and devices so that the consumer feels comfortable wherever they encounter your products.   READ MORE: OMNICHANNEL CHALLENGES FOR MERCHANTS

The post OMNICHANNEL RETAIL first appeared on Bm2Pay.]]> Omnichannel retail refers to the use of a variety of sales channels in a customer’s shopping experience. This multi-channel may include physical stores, online stores, mobile apps, telephone sales and any other method of engaging with a buyer.

Customers’ omnichannel experiences may vary: For example, sometimes the consumer will compare prices on a mobile phone or via social media and complete the purchase in-store, or they might choose to visit the physical store before buying the item online or in-app.

Using analytics, you can identify the best ways to engage your customers personally and generate interaction on their favorite channels. It is crucial to convey a consistent brand message across channels and devices so that the consumer feels comfortable wherever they encounter your products.  

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OMNICHANNEL CHALLENGES FOR MERCHANTS

The post OMNICHANNEL RETAIL first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/02/26/omnichannel-retail/feed/ 0 MOBILE PAYMENTS https://www.bm2pay.com/2019/02/26/mobile-payments/ https://www.bm2pay.com/2019/02/26/mobile-payments/#respond Tue, 26 Feb 2019 19:28:32 +0000 https://www.bm2pay.com/?p=2484   With the widespread use of smartphones worldwide, payments are becoming an inseparable part of the mobile shopping experience. In some unbanked countries, like India and Africa, alternative mobile payments have replaced traditional banking services. Other countries, like China, have developed unique mobile apps such as WeChat, that enable social interaction as well as payments for everything from theater tickets to groceries in a single huge app. Mobile payments are a key component of a smooth user experience. To prevent shopping cart abandonment, online retailers must have the ability to offer customers the most familiar payment options for each market. READ MORE: 5 PAYMENT PREDICTIONS FOR 2019 A MERCHANT’S GUIDE TO INTERNATIONAL PAYMENTS THE UNIQUE APPEAL OF ASIAN E-COMMERCE MARKETS 

The post MOBILE PAYMENTS first appeared on Bm2Pay.]]>  

With the widespread use of smartphones worldwide, payments are becoming an inseparable part of the mobile shopping experience. In some unbanked countries, like India and Africa, alternative mobile payments have replaced traditional banking services. Other countries, like China, have developed unique mobile apps such as WeChat, that enable social interaction as well as payments for everything from theater tickets to groceries in a single huge app.

Mobile payments are a key component of a smooth user experience. To prevent shopping cart abandonment, online retailers must have the ability to offer customers the most familiar payment options for each market.

READ MORE:

5 PAYMENT PREDICTIONS FOR 2019

A MERCHANT’S GUIDE TO INTERNATIONAL PAYMENTS

THE UNIQUE APPEAL OF ASIAN E-COMMERCE MARKETS 

The post MOBILE PAYMENTS first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/02/26/mobile-payments/feed/ 0