The payments industry is extremely dynamic, with new types of payments evolving constantly. In order to determine which payment methods are best for your enterprise, you must first understand basic industry business models. In our previous post, we provided an introduction to key terms in the banking industry. This time,...
Your Guide to Basic Terms in the Banking Sector
If you are just starting out as an online or in-store merchant, there is a lot to learn about banking and money transfers, payment methods, cross-border transactions, regulations, local currencies and more. In this post we will introduce you to some of the terminology used regularly in the banking sector. ...
How to Hit the Online Sales Motherlode on Singles Day
Singles Day mindsets - a mixed bag Singles Day (November 11), which was first started by Chinese college students in the 1990s, is the antithesis of Valentine’s Day. It is a day dedicated to the celebration of singledom. Some singles have developed various rituals to mark the day including gifting...
Will Cryptocurrencies Replace Conventional Currencies?
Techopedia defines cryptocurrency as a type of digital currency that uses cryptography for security and anti-counterfeiting measures. Public and private keys are often used to transfer cryptocurrency between individuals. As opposed to fiat currency, cryptocurrency is not connected to governments or central banks. Using a ledger system, cryptocurrency transactions are...
A Guide To Global Holidays And Gift-giving
Holidays seasons all over the world are prime times for gift giving and present the perfect opportunity to boost revenues and develop brand loyalty. Our new e-book provides a guide to holidays worldwide, the gift recipients, and the most popular types of presents given on each occasion. Read A Guide to...
Confused by Payments and Financial Terms? Want to Understand Online Retail Dynamics? Visit bm2Pay Glossary!!
Is all the terminology used in the payments, finance and retail industries confusing you? Do you have a lot of questions about new developments in e-commerce and fintech? Our payment glossary is a great source for definitions, in-depth information and resources. Take a moment to understand the reasons for shopping...
Your Global Guide to Payment Preferences
When scaling to global markets, payments have a huge impact on sales. Foreign customers prefer local payment methods and may abandon their shopping carts when they encounter unfamiliar online payment options. There are hundreds of localized payments methods all over the world and keeping track of them is no simple...
What to Look for in Online Payment Solutions
One of the major decisions an e-commerce merchant must make is which online payment solution to use. Many online merchants offer payments in various countries and on a variety of devices from laptops to smartphones. What kind of solution should you be seeking when you need to accept online payments...
Are Your Payments Out of Control?
When scaling to global markets many online businesses in a wide range of industries encounter new payments challenges including spiralling costs, increased decline rates, greater fraud risks and low conversion rates. What is causing these changes in your payment ecosystem? How can you improve results? Our new eBook A Merchant’s Guide...
New EU Regulation to Revolutionize Cross-border Payments
One of the greatest challenges global merchants face is high fees for cross-border payments. A new European Union resolution addressing this issue may change the situation dramatically. According to the EU plan, by the end of 2019, charges for cross border payments in Euros will have to correspond to fees...