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For many small business owners, credit card processing fees may seem like a hefty price to pay for providing convenience to customers. Merchants paid a record $172 billion in paymentprocessing fees in 2023. This figure may continue to climb as inflation rises and credit card networks boost their processing rates.
of retail sales in 2025, amounting to $6.862 trillion. But launching your eCommerce store is just half the equationaccepting payments efficiently and effectively is a whole different ball game. On the surface, it seems effortless, with customers only taking a few seconds to initiate and complete payments.
This is especially true now more than ever before as Software-as-a-Service (SaaS) solutions continue to be amongst the fastest-growing segment within the tech world. Consumer adoption of digital solutions is accelerating at a rapid pace, with the SaaS market projected to grow from $315 billion in 2025 to $1,131 billion in 2032.
Did you know the subscription economy is touted to reach $1.5 trillion by 2025 ? As a business that provides software as a service, you will not only need to jump on this bandwagon, but more importantly, you will need the right set of subscription management tools to stay on it to keep reaping the profits of this booming industry.
Cash is no longer having its moment; card payments are in. From debit and credit cards to Google or Apple Pay, digital, contactless, and mobile payments are on the rise. But if you’re stuck, worry not: in this article, we’ll help you find the best payment terminal for your business. Learn More What’s a Payment Terminal?
A card-not-present (CNP) transaction occurs when a credit cardholder and their credit card are not physically present when a payment is accepted. Most CNP transactions are tied to eCommerce, where the card and associated cardholder information is input into an online payment system. Learn more about Embedded Payments.
Stripe Connect, a popular choice among businesses, offers robust features; however, many enterprises are seeking alternatives to better align with their specific needs in 2025. Stripe Connect is a comprehensive paymentprocessing solution designed to cater to the unique needs of platforms and marketplaces.
Do you know the subscription economy is touted to reach $1.5 trillion by 2025 ? As a business that provides software as a service, you will not only need to jump on this bandwagon, but more importantly, you will need the right set of subscription management tools to stay on it to keep reaping the profits of this booming industry.
The Best Digital Wallets for Online Payments in 2021. Even though it is not a bank, Curve is a service that is built on an e-money background. It provides unique services, which allows the user to be able to operate all of their cards with one digital wallet. Curve gives you a 30-day period to move past payments between cards.
CRM software is designed to help companies keep track of their relationships, manage sales and marketing processes, and deliver more efficient service. CRM is now expected to reach more than $80 billion in revenues by 2025. Industries that commonly use mobile CRM include real estate, merchantservices, and energy/utilities.
more than 2020 – Hit pic.twitter.com/9SvrHxIz3y — Harley Finkelstein (@harleyf) February 11, 2025 5 Interesting Learnings: #1. Stripe and PayPal Power 100% of Shopify Payments It’s interesting Shopify has not chosen to bring this in-house even at their scale, even partially. #8. Strongest Quarterly Growth in 3 Years.
One of the gaming industry’s first major events of 2025 is approaching, and FastSpring is thrilled to announce our participation at the prestigious Taipei Game Show. As a sponsor at booth B36, we’re ready to demonstrate how gaming studios can seamlessly expand their global reach and streamline their payment operations.
If so, join FastSpring at Pocket Gamer Connects London 2025 on Jan. How to Connect With FastSpring at PG Connects Stop by our booth or connect with the team via the PG Connects app to learn more about subscription management, international taxes, and how using a merchant of record can enable you to collect payments faster for your games.
When we ask our customers, Why did you choose a merchant of record (MoR) over a traditional PSP?, one of the most common responses is the ease of tax compliance the ability to “ set it and forget it.” One of the key areas of tax compliance we manage is VAT (value-added tax) on sales of digital services.
The desire for frictionless payments skyrocketed contactless transactions to 8.1 Customers now prefer to skip the slow, fraud-prone process of swiping or inserting magnetic stripe cards. The system generates a one-time encrypted code for each transaction, preventing fraudsters from stealing payment data. Read/write technology.
Apart from helping you accept credit card and debit card payments, this solution also lets you cater to a larger audience segment by providing more payment options. TL;DR Credit card readers are essential for businesses to accept card payments, offering swiping, dipping, tapping, and mobile payment options. Card Tapping.
Any merchant who transacts in the offline world (like brick-and-mortar stores or even mobile businesses) needs a modern point-of-sale (POS) system. TL;DR A POS system facilitates in-person transactions by enabling merchants to ring up the sales. As such, merchants are increasingly using POS software to run their businesses.
It’s 2025, and cashless is the new cool! In the last few years, we have witnessed digital wallet apps taking over the market, especially after Covid 19, and cashless payments became all the rave. Digital wallets offer a safe, easy, and fast solution for making cashless payments on the go! And why would they not?
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