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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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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10 eCommerce KPIs That Matter For Your Brand

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When building and growing an eCommerce brand from scratch, you need to track several important KPIs to measure success, double down on effective strategies, and avoid long-term mistakes. If you’re just beginning building an online business, you’ve come to the right place. Let’s break down 10 eCommerce KPIs that matter for your brand and explore how they affect your business efforts. What Is a KPI? A KPI is a key performance indicator. These are percentages, numbers, or other numerical signs that tell you information about: Your business Your profits The…

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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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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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CoinPayments Now Supports Crypto Payments Solutions for BigCommerce Merchants

For the first time, the CoinPayments app is now available in the BigCommerce App Marketplace, allowing all their merchants to quickly and easily accept crypto payments in over 120 cryptocurrencies. Who is BigCommerce? BigCommerce is one of the industry leaders in the eCommerce space. Founded 13 years ago in 2009, it has over 1000 employees, serves over 150 countries, and supports the businesses of over 60,000 merchants.  Overall, they are recognised as one of the best B2B and B2C enterprise platforms, as well as a leader among SMB platforms. This combination…

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Beginners Guide To Becoming An eCommerce Entrepreneur

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You want control of your finances, your professional destiny, and to bring something new to the world. It sounds like your ideal career is that of an eCommerce entrepreneur.  The eCommerce market offers unprecedented freedom and flexibility, especially for prospective business owners with imagination and the drive to succeed. Anyone can become an eCommerce entrepreneur, but only some will succeed. Not sure where to start? Read on for a detailed guide to becoming an eCommerce entrepreneur for beginners. What Is eCommerce? In a nutshell, eCommerce is any business transaction that…

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