What Is a Payment Processor?

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All online businesses thrive on digital payments, such as credit and debit card payments, electronic wallet payments, and even cryptocurrency payments. However, no eCommerce business can accept these digital currencies without a payment processor and payment gateway. Today, let’s take a close look at what a payment processor is, what it does, and how it works. We’ll also go over the types of currencies that payment processors accept and whether you can use a standard payment processor to accept crypto tokens at your eCommerce business. Payment Processors Explained Both retail…

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“Buy Crypto”, Now Available at CoinPayments!

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We are delighted to announce that, as of today, cryptocurrency purchases are available at CoinPayments. Thanks to the agreement established with the well-known exchange Paybis, both merchants and users of the CoinPayments wallet will be able to buy crypto from their accounts. Want to know more? Keep reading because below we break down everything you need to know about this partnership and the new “Buy Crypto” feature. You can buy with your credit or debit cards up to 10 of the most popular cryptocurrencies including Bitcoin, Ethereum, Cardano, and stablecoins…

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How To Do Market Research for eCommerce

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eCommerce is booming, and now’s the best time to maximize your online business’s growth and capture more traffic than ever before. For your business to thrive in its industry, you’ll need to know how to do accurate, thorough market research. Market research is a cornerstone business operation across industries, and no entrepreneur or company executive should go without it. Today, let’s break down how you can practice informative market research for eCommerce businesses in detail. How Does Market Research Help Your eCommerce Business? Simply put, market research helps you understand…

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eCommerce vs Retail

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The modern market is booming as COVID-19 fades into the background, and both eCommerce and retail businesses have massive opportunities to expand. For many, there’s no better time to become entrepreneurs! If you want to start your own business and make it as a merchant, you have to answer one key question: Will your business be an eCommerce enterprise? If you’ve never owned or run a business before, you may not know what the differences between eCommerce and retail are — or why they matter. Today, let’s take a look…

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Optimizing an eCommerce Conversion Funnel

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If you operate an eCommerce business, you need to understand the importance and stages of eCommerce conversion funnels. eCommerce conversion funnels are valuable visualization tools that can help you maximize the profits of your business and streamline the customer journey. Today, let’s break down how you can optimize an eCommerce conversion funnel in detail. What Is an eCommerce Conversion Funnel? An eCommerce conversion funnel isn’t that different from a conversion funnel for a retail or in-person business. In a nutshell, a conversion funnel is a metaphor for the “consumer journey.”…

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Why Do Bitcoin Transactions Take So Long?

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There’s no denying that Bitcoin transactions are convenient, flexible, and perfect for facilitating decentralized commerce around the world. Still, one lingering problem has been a facet of Bitcoin transactions since these digital assets’ inception: transaction time.  Even with today’s technology, Bitcoin transactions can take quite a while to finalize. Why is this, and is there any way to fix it?  Today, let’s break down the answer to both of these questions and more. How Bitcoin Transactions Are Confirmed For Bitcoin to work, transactions must go through a lengthy and complex…

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How To Start an eCommerce Business

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Starting a business is tough enough – starting an exclusively online or eCommerce business is even tougher. When you have to deal with matters like shipping, website design, and other challenges, it’s no wonder many would-be entrepreneurs have no idea how to begin their professional journeys! But if you’ve always wanted to start an eCommerce business, you’re in luck. Below, you’ll find a detailed step-by-step breakdown that can help you start an eCommerce business of your very own. Let’s get started! How Can I Start My Own eCommerce Business? Starting…

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eCommerce Strategy – What It is and How to Use It

Whether you run an exclusively online business or have a retail shop you want to expand into the online sphere, eCommerce strategy is crucial. Without understanding how to optimize your site for eCommerce success or market effectively to online customers, your digital business efforts will flounder and potentially fail. Fortunately, there are lots of ways you can practice a good eCommerce strategy, plus specific techniques you can use to see almost instantaneous improvements. If you don’t know where to start, read on – we’ll break down what an eCommerce strategy…

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The Rise of eCommerce in the Metaverse

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The Metaverse is confusing, there’s no doubt about it.  Lots of companies are throwing the term around, using it to describe what they are doing, or just trying to figure out how it fits into their business model. One thing, however, is certain. The metaverse will change the face of eCommerce and has already started doing so.  What is the “Metaverse”? The term “metaverse” first appeared in the 1992 novel “Snow Crash” but recently came to mainstream popularity when Facebook announced a change in name to “Meta”. As a result…

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