Category: Mobile Commerce

How a Merchant Portal Assists Your Business

You’ve decided to start an online business.

No matter if you sell material items or digital content, or something even more ephemeral. Payments made by your customers should be easy for them – and easily make their way to you. That’s when a merchant portal steps into the rescue. Embedding one into your website makes it extremely easy to process payments you receive and analyze your activity.

How a Merchant Portal Assists Your Business

All Systems Go!

While there are lots of payment systems, customers stick to what they find best. Some prefer the good old VISA and MasterCard, others are all about PayPal, Skrill, or TransferWIse, and some trust GooglePay and ApplePay. A customer should be able to pay the way they prefer; a merchant needs to find out how to receive these payments most comfortably. That’s why a payment gateway is an integral part of a merchant portal.

It’s even more than that: the portal lets you work manually with certain customers. This eases refunds, disputes, check subscriptions, and so on.

No Borders

Merchant portals are extremely important for international businesses. If you sell your products worldwide (or even in several countries), banking issues pop up unexpectedly. Currency exchange rates may eat more of your income than you might expect. Transactions can take more time when made directly. In addition, there can be issues with tax laws, sometimes even causing double taxation. These and other reasons can prevent payments from succeeding.

The merchant portal has special tools that let the merchant apply certain rules for payments from certain countries, currencies, applications, and card brands and types. Applied correctly, they can minimize refusals and maximize the number of successful transactions.

While lots of currencies can be accepted, the choice of base currencies is smaller. Still, choosing between USD, EUR and GBP should be enough for most merchants. The portal supports separate accounts for each currency, so you can have multiple ones to avoid unnecessary exchange fees.

Analyze This

Along with a payment gateway, the merchant portal provides analytics on payments. This data can be precious for an analyst, as it lets the merchant compare various periods’ stats and latest changes and consider all the impacts the business had.

On the portal, you can access stats like the number of sales within a certain time, the payout volume, the number of all the transactions and (separately) successful transactions, and the current balance formed by successful transactions in each currency. This makes the merchant portal a powerful tool for reflecting your business views and comparing them to reality. If you feel it’s time for upgrades and improvements, the portal can tell you many useful things.

Put Our Differences Behind Us

If you have ever played the famous Portal, you may remember this quote. A merchant portal in real life, though, does it better, putting all the differences behind so they don’t stand in the way of your success. If you like this article, share it on your Facebook or Twitter. And if you have already been enjoying the portal, share your experience here.

What The Year 2020 Has Brought To The Digital Marketing Industry

The digital marketing landscape is constantly changing. And with new techniques, technologies, and the ever-changing algorithms, most digital marketing teams are always on their toes, staying up-to-date with upcoming trends so that their clients’ digital marketing campaign stays effective and successful.

And as a new decade draws near, here are some of the hottest digital marketing trends we expect to see this 2020.

  1. Vlogging

Branded vlogs are truly a vlessing and expected to dominate in 2020.With the ongoing success of Instagram Stories, Snapchat, and YouTube, video blogs are hogging in attention. In contrast with other video types such as short filmsand explainer videos, vlogs offer a more direct and personal approach.

Vloggers speak directly to their viewers, creating more direct and personal connections which are obviously a great technique for marketers trying to forge stronger relationships with customers.

Vlogs can be strategic and practical. You can live-stream special kinds of events that not everyone has access to such as a musical concert or corporate conferences. You can even post other homegrown contents that customers are curious to see such as behind-the-scenes looks and celebrity interviews.

  1. Visual Search

Other than the manual typing search and the much-advanced voice search comes another kind of online searching that takes user experience to a whole new level— visual search. People can now upload an image in order to conduct a search and get more accurate or specific results.

Some of the top runners in this trend are Pinterest Lens, Google Lens, CamFind and Bing Visual Search. Marketers will be able to have an edge against competitors by jumping on this visual search trend in order to draw more customers and serving them the perfect product.

  1. Micro-Influencers

Influencers have been a top digital marketing trend for the past few years now. It has been too successful, though, that the big-time influencers are now calling the shots. And it is not enough to just send them some free samples in hope that they will review it— you also need to offer a pricing list and payment tables.

In short, social media influencers are now a product and a damn expensive one.

However, instead of competing with large enterprises for the top-tier influencers, medium and small-sized businesses can work with micro-influencers. This refers to the medium and small-sized influencers with narrower niches— not overloaded with sponsorship offers but still popular enough to influence hundreds to thousands of people.

Not only are they much more affordable, but micro-influencers are known to have a better engagement rate than the top-tier influencers. Since they have fewer followers, they get to dedicate more personal to each follower.

  1. Shoppable Postssocial media digital marketing

Once upon a time, businesses were wondering how they can get their followers on social media to visit their online stores. This year and the next, they no longer need to!

Social commerce allows you to buy products directly through social media ads or posts, without leaving the app or site. These shoppable posts are not exactly new, however, they are rapidly gaining more attention.

It creates fewer steps for shoppers, selling directly on social media which reduces the chances of customers abandoning sales. Plus, you do not need to be an e-commerce brand. AS long as you’re selling a few pieces of branding merchandise, you will see greater returns by allowing transactions via social media.

  1. Artificial Intelligence

2020 is said to be the year of AI dominance. It is expected to be the heart of the global industry and businesses and is already taking over numerous simple jobs.

In terms of digital marketing, AI analyzes search patterns and consumer behavior as well as using data from blog posts and social media platforms to help companies understand how their customers find and use their services and products.

AI will soon be the main force behind most services and is currently being implanted in areas such as:

  • Product recommendations
  • Basic communication
  • Email personalization
  • Content creation
  • E-commerce transactions

Conclusion

The digital marketing landscape is obviously going through some major changes with each passing year without showing any signs of slowing down. And as we enter a brand new year, stay ahead of the competition by preparing your business and implementing these top trends into your digital marketing efforts