Trends
Top 5 payment trend predictions
Shopping abandonment is still a constant struggle for merchants, with an alarmingly high average abandonment rate on the payment side. To reduce the number of customers who abandon their purchases at the last minute, it’s important to ensure a smooth and seamless checkout experience. TrustPay recommends keeping the payment page simple, optimizing for each device type, avoiding page redirects, and minimizing the number of fields on the page or steps…
Trends
How to establish buy now, pay later in online B2B
Although B2B e-commerce has long been generating more revenue than even the booming B2C sector, it remains rather the “unloved stepchild” in terms of customer experience. This also applies to the hype surrounding the “buy now, pay later” model, which actually seems ideal for the already highly invoice-oriented B2B segment. However, the hurdles currently lurking and how to overcome them are explained by payment provider Billie, which will also be…
Expo and Awards
It’s all about e-commerce: EBE Call for Papers 2023
With around 250 exhibitors on site, the E-Commerce Expo Berlin will return on February 23, 2023. In addition to meeting renowned companies like MyToys, Douglas, Otto, TUI, Shopware, or Checkout, visitors will have the opportunity to benefit from their expertise. Even the smallest retailers and businesses can present their innovations and use cases to over 8,000 people – if they succeed with their topics in the Call of Papers competition.…
Trends
Online payments: Conversion killers identified!
According to a study conducted by Stripe last year, 97% of leading e-commerce sites make basic mistakes to do with the payment process. Online payments often take too long and merchants fail important “one-minute tests”. It is also a point that the majority of e-commerce websites were not geared towards the European single market and growth potential was thus given away. E-Commerce Berlin Expo, together with GFM Nachrichten – Digital…
Trends
Optimizing payment methods: tips and tricks for user-friendly payments
According to Checkout.com figures, around 60% of customers abandon a purchase if they can’t choose their preferred payment option. Retailers, in particular, should not ignore the “buy now, pay later” (BNPL) trend and should also push to integrate digital wallets such as Apple Pay and Google Pay. In Europe, around 80% of consumers can imagine using digital wallets or already do so. Installment payments are creating new options for consumers…
Trends
User-friendly payment – what do I need to know?
Two-thirds of German Internet users shop online at least once a month. Their payment preferences have changed significantly over the years, as a recent study by Bundesbank shows. This is not the only thing e-commerce companies should take into account when looking for the right payment service provider or when they want to offer different payment methods on their own. Some exhibitors, partners, and speakers of the upcoming E-Commerce Berlin…