Customers have two main ways to get their money back for an online purchase – chargeback and refund. Both mean a loss of money for the merchant and can have various negative consequences, so what is the difference? In this article, we will delve into the features of both methods and see if merchants can […]
From simplifying verification processes to improving data transparency – learn about PayOp’s latest features and explore how they make your transactions smoother and more efficient. #1: Precheck verification We at PayOp understand merchants’ frustrations when dealing with lengthy and often irrelevant verification forms. So, our first innovation of the list involves optimizing the verification form […]
We all know that building trust with your shoppers is not an easy task. Even if you have the best product on the market, you’ll have to ensure that your eCommerce site conveys trustworthiness. The list of things you have to undertake to make your brand more trustworthy can be quite extensive. You shouldn’t just […]
With the introduction of a lockdown in most countries and the transition to a remote format of existence, many people have to master alternative options for familiar things. For example, e-commerce. According to Adobe Analytics, in the first quarter of 2021 alone, global e-commerce sales growth increased 38% over the same period in 2020. What […]
The modern payment services market is influenced by many legislative and regulatory acts. However, the biggest influence is exerted by the EU Payment Services Directive PSD2. What is PSD2 and why does it have such an impact on all financial market participants? What is the PSD2 regulation and why is it needed? You will get […]
Do you know what the great paradox of this life is? When we go grocery shopping, many of us are willing to ask dozens of questions about the same product. But when it comes to more serious decisions, such as how to choose a payment gateway, many firms for some reason rely on information from […]
Woocommerce is a free website add-on that simplifies the process of organizing e-commerce. The solution was developed for CMS WordPress – the most popular website builder. WordPress allows any user without programming skills to create a professional web resource in a few hours. According to BuiltWith, as of 25th Jan 2021, Woocommerce from WordPress is […]
E-commerce is a sector of the economy that only expands over time. The total value of all transactions in the world, according to statistics, for 2020 amounted to more than $ 4 trillion. Experts are also forecasting an increase in online transactions in the coming years. Each of the online transactions involves many participants: banks, […]