Wednesday , October 30, 2024

Search Results for: merchants

Eye on Merchants: CardFlight Says Small Business Sales Down; E-Commerce Sales Growth Continues

A decline in transactions at small and mid-size businesses accelerated through March as consumers react to shelter-at-home and social-distancing precautions, according to data from point-of-sale technology provider CardFlight Inc. But their spending shifted to e-commerce in many merchant categories, finds data from Signifyd, a vendor of e-commerce fraud solutions. Sales …

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Shopify Purges Thousands of Merchants for Price Gouging and Making False Covid-19 Claims

Scammers come out of the woodwork with every calamity, and it’s no different with the Covid-19 pandemic currently sweeping the world. Now e-commerce services and payments provider Shopify Inc. reports it has purged numerous merchants engaged in questionable practices related to the new coronavirus, or Covid-19. “In March, we terminated …

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U.S. E-Commerce Growth Surges for Many Merchants Amid the Covid-19 Pandemic

Newly analyzed data from Emarsys, a digital-marketing platform, shows that U.S. e-commerce spending continues to surge in the face of the Covid-19 pandemic, with at least a 57% growth in revenue and a 45% growth in orders in the past seven days. The U.S. Northeast region shows a 57% growth …

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PayPal Announces Fee And Loan Relief for Merchants Impacted by Covid-19

As the Covid-19 pandemic impacts businesses worldwide, global payments companies are starting to respond with relief. The latest is PayPal Holdings Inc., which on Tuesday announced several measures aimed at cutting fees and deferring loan payments for merchants. More than 24 million businesses accept payments or other services from PayPal. …

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Square, Alliance Data Feel Merchants’ Covid-19 Pain

Merchant processor and business-software provider Square Inc. says some of its sellers have seen declines of 45% in payment volume in recent days, and private-label and cobranded card issuer Alliance Data Systems Corp. says business at its client merchants is softening.  Both companies held conference calls with analysts after the …

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Womply Data Show How the Coronavirus Has KO’d Many Merchants

New findings from a software and business-services provider that examined what happened at thousands of small businesses last week show the damage the coronavirus, or Covid-19, is inflicting on merchants. San Francisco-based Oto Analytics Inc., which does business as Womply, looked at payment card data from its merchant-acquiring partners, data …

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Keeping Merchants PCI-Compliant Is Becoming Tougher, Survey Finds

Independent sales organizations are increasing their use of non-compliance fees for merchants that don’t adhere to PCI Security Standards Council requirements, with 23% of ISOs surveyed for the ControlScan/MAC 2020 Acquiring Trends Report saying they assess these fees. That’s up from the historic range of 17% to 18%. The report, …

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