April 2020 - Merchant Account & E Commerce Payment Processing Insights

April 29, 2020April 29, 2020

What to do About Magento 1’s Upcoming End of Life

On June 30th, 2020, Magento 1 – one of the web’s oldest and most successful eCommerce platforms – will reach its end of life (EOL). The company’s new platform, Magento 2, offers improved architecture, faster loading times, better interfaces, and much more. As a result, many Magento merchants have already switched off of the old platform. But for the tens of thousands of merchants still on Magento 1, as of June 30th, support from the company will be switched off permanently. Sites running on Magento 1 will continue to operate, but doing so will expose merchants to some significant risks – risks that any serious business simply can’t afford to take. Continue reading “What to do About Magento 1’s Upcoming End of Life”

April 22, 2020April 4, 2020

The Top WooCommerce Plugins for 2020 – How to Get the Most from Your WooCommerce Installation

WordPress continues to dominate web publishing, and, as a result, WooCommerce now owns well over a quarter of the eCommerce space. With so many web stores running on WooCommerce, a sea of third-party applications have been developed to help those merchants get the most out of their online efforts. The following are four of the best third-party apps available in 2020, covering everything from on-site search to drop shipping to analytics, and beyond.

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April 15, 2020April 2, 2020

Three Simple Ways to Reduce Cart Abandonment

Online cart abandonment is one of the biggest problems plaguing eCommerce merchants, with up to 80% of all carts ditched by users before payment can be processed. The amount of money lost to cart abandonment each year is staggering, so it isn’t surprising that most merchants are constantly looking for ways to see their customers all the way through to order competition. The following are three simple but highly effective tips that online merchants can use to minimize cart abandonment and reduce the significant impact it can have on the bottom line.

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April 8, 2020April 2, 2020

Best Clover Apps for 2020 – Take Your Clover POS to the Next Level with these Plugins

Clover is a popular POS system that provides both software and hardware solutions to merchants in industries like retail, service, and dining. In addition to their leading POS application and sleek hardware options like the Clover Mini and Clover Flex, the company also has an app store offering a huge variety of native and third-party applications. The following are four of the most popular and most useful of those apps available to merchants in 2020, but there are hundreds of options available for download, covering everything from inventory management, to fundraising, to games for customers.

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April 3, 2020April 3, 2020

How can BAMS technology help you win more disputes?

BAMS has pioneered a new dispute management tool that is included for all merchant clients and bundled into the already award-winning reporting system, IRIS. BAMS Dispute Manager Assistant will make your life easier, and help you win disputes, by targeting four areas:

Instant dispute notification
Exportable reason code data
Document uploads
Notification of status changes

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April 1, 2020April 3, 2020

Is Tiered Pricing as Good as Interchange Plus Pricing?

Partnering with the right payment processor can be the difference between a healthy profit and financial struggle for merchants in a wide variety of industries. While the features offered by merchant services companies are important, low transaction fees are understandably the primary concern of most businesses, and an important step in securing the lowest fees possible is to understand the different pricing models available prior to signing a contract. In this article, we’ll look at one of the most common models – tiered pricing – and how it compares to the less common, but highly beneficial interchange plus pricing model.

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