As of 2017, platform businesses need payments solutions — they are becoming a less optional part of the business. But turning payments isn’t exactly as easy as flipping a switch — and therein lies the rub, according to Kurt Bilafer, CRO at WePay. Platform businesses aren’t at...
Orchard Mile, a luxury digital mall, is hoping that the use of technology can overhaul the eCommerce experience for countless consumers, particularly more high-end ones. According to a report by Forbes in which the company was profiled, Jennie Baik, CEO of Orchard Mile, said her inspiration for creating...
While for some consumers, a trip to the car showroom is a fun adventure and a chance to match wits with a salesman on the field of battering battle — for many people, the experience of buying a car leaves some things to be desires....
Last year was a good one for online retail sales in the U.K. According to data from U.K. eRetail association Interactive Media in Retail Group (IMRG) and consulting firm Capgemini, online sales growth on smartphones for British eRetailers was up 47 percent in December. In...
Letgo, the online used goods marketplace, secured $175 million in funding. Billing itself as a “hyperlocal marketplace optimized specifically for mobile use,” letgo’s app has geolocation-based search and instant chat, which the company says links buyers and sellers instantly. The site, which launched in 2015 and is also...
Secondhand apparel is getting another go-around, more than ever before, especially online. This time of year, consignment shops are seeing an uptick, namely because of the post-holiday calm. Many retailers, like Swap.com, say their inventory is quickly growing. Swap executives told The Wall Street Journal...
Retailers love their customers — but that doesn’t necessarily mean they understand them. Which leads to a problem when it comes to trying to bulk up conversion or build up margins as it is very hard to motivate a group of people one doesn’t really fully understand....
Being poor is expensive. Though it seems somewhat counterintuitive, doing just everything costs a bit more when you have less. Consumers who can’t maintain a minimum checking account balance pay monthly fees. Those who are unbanked pay to cash their checks, to get money orders to pay their bills and...
When Amazon first rolled out its 1-click buy button in 1995, it was more than a convenience, it was a sea change — a way to easily make a payment on this thing called the web. These days, most of the research shows that consumers don’t...
