Digitization is increasingly revolutionizing the B2B landscape with streamlined procurement processes, and even better payments workflows. Don’t believe it? Look no further than the U.S. government, the world’s single largest buyer, which is expanding its $6 billion eCommerce initiative to include more online marketplaces — opening up...
Among the many payment acceptance tools now available, embedded solutions provided by a variety of payment facilitators (PayFacs) have become increasingly popular among marketplaces and independent software vendors (ISVs), both of which leverage embedded payments to improve efficiencies and fortify customer engagement. But as a...
Cart abandonment, a key element of increasing online conversion, poses a significant challenge for online marketplaces, retailer and brand sites. This issue is increasingly worrisome as budget-conscious shoppers use carts as wish lists while searching for better deals. Online businesses use various strategies to try...
The convenience of shopping from the comfort of one’s home has led to the growing popularity of online marketplaces among consumers. As detailed in “The Online Features Driving Consumers to Shop With Brands, Retailers or Marketplaces,” a PYMNTS Intelligence and Adobe collaboration, a significant share of...
May 13, 2024
As shoppers increasingly purchase auto parts from third-party online marketplaces such as Amazon and eBay, retailers and eCommerce merchants specializing in the category are seeing sales declines. In Q1 of this year, CarParts.com’s net sales dropped 5% year over year, and the company’s net loss of $6.5 million marked a significant drop from the $1.1 […]
April 19, 2024
Digitization is increasingly revolutionizing the B2B landscape with streamlined procurement processes, and even better payments workflows. Don’t believe it? Look no further than the U.S. government, the world’s single largest...
March 05, 2024
Among the many payment acceptance tools now available, embedded solutions provided by a variety of payment facilitators (PayFacs) have become increasingly popular among marketplaces and independent software vendors (ISVs), both...
February 29, 2024
Cart abandonment, a key element of increasing online conversion, poses a significant challenge for online marketplaces, retailer and brand sites. This issue is increasingly worrisome as budget-conscious shoppers use carts...
September 26, 2023
Payment infrastructure provider Mangopay has launched a partnership with digital commerce platform VTEX. The collaboration is designed to give marketplace operators a single pay-in and pay-out solution and provide frictionless buying and selling experiences, IBS Intelligence reported Tuesday (Sept. 26). According to the report, marketplaces powered by VTEX will be able to use Mangopay’s modular global payment infrastructure to adhere […]
September 11, 2023
eBay will be adding an image-based listing tool to its range of offerings powered by artificial intelligence (AI). This tool will allow sellers to simply take or upload a photo within...
January 27, 2020
Online commercial real estate marketplace CREXi — which serves as a digital toolkit of sorts for buyers, sellers and investors — has raised nearly $30 million from investors, according to...
September 30, 2019
A recent study about how people respond to scammers shows that consumers are more likely to become victims on social media and online marketplaces than over the phone, The Wall...
