Merchants/page/7 news and trends

Branded, Faster Checkout Options Gain Momentum as PayPal, Shopify Report Earnings
Checkout Conversion // August 05, 2024

If there’s a common theme emerging among eCommerce platforms this earnings season, it’s that the last moments of a transaction are continually being refined and streamlined. PayPal reported earnings Tuesday (July 30), Amazon did so Thursday (Aug. 1), and Shopify will report this week. Checkout...

Wix Adds New Features Allowing Merchants to Customize Checkout Forms
Checkout Conversion // July 09, 2024

Wix added new editing options that enable merchants to customize their checkout forms. The capabilities provide a more tailored and seamless experience for both merchants and their customers, the company told PYMNTS in an email. The newly added features allow merchants to add custom fields...

Update: Judge in Mastercard and Visa Settlement Case Posts 88-Page Opinion
Legal // July 02, 2024

After three days of sparse quotes and speculation, the New York Eastern District court judge presiding over the latest chapter in the proposed credit card swipe fee settlement between Visa, Mastercard and millions of merchants has posted her 88-page opinion. The opinion comes almost a...

85% of Retailers See Rise in Online Card-Linked Pay Later Plans
BNPL // July 01, 2024

With buy now, pay later (BNPL) plans becoming increasingly accepted across merchant sectors, retailers are proving to be the payment method’s biggest champion. A PYMNTS Intelligence report, “Merchants’ Evolving Perspective on the Value of Card-Linked Pay Later Plans,” created in collaboration with Splitit, drew from...

Interviews & Exclusives
Update: Judge in Mastercard and Visa Settlement Case Posts 88-Page Opinion

July 02, 2024
After three days of sparse quotes and speculation, the New York Eastern District court judge presiding over the latest chapter in the proposed credit card swipe fee settlement between Visa, Mastercard and millions of merchants has posted her 88-page opinion. The opinion comes almost a week after U.S, District Judge Margo K. Brodie indicated she […]

85% of Retailers See Rise in Online Card-Linked Pay Later Plans

July 01, 2024
With buy now, pay later (BNPL) plans becoming increasingly accepted across merchant sectors, retailers are proving to be the payment method’s biggest champion. A PYMNTS Intelligence report, “Merchants’ Evolving Perspective...

Orchestration Merchants Give Options for Who, How and Where to Pay, Spreedly Says

April 11, 2024
Andy McHale, senior director of product and market strategy at Spreedly, told PYMNTS that online platforms offer advantages to all stakeholders — and they can offer an optimal payments experience. But,...

AI Proves Effective in Stopping eCommerce Returns Fraud

March 28, 2024
Returns are a cost of doing business for all merchants. If not handled well, they can present a point of friction, disappointing customers so much that they’re discouraged from shopping...

Quick Reads
Temu Opens Online Marketplace to All US Sellers

November 21, 2024
Temu now allows any U.S. seller to join its online marketplace. “Whether small businesses or individual entrepreneurs, [U.S. sellers] can now connect directly with millions of consumers,” a Temu spokesperson told PYMNTS Friday (Nov. 22) in an email. “Temu provides the tools; sellers bring the products. It’s a new way for businesses to grow and for […]

Wix Adds New Features Allowing Merchants to Customize Checkout Forms

July 09, 2024
Wix added new editing options that enable merchants to customize their checkout forms. The capabilities provide a more tailored and seamless experience for both merchants and their customers, the company...

UK Tribunal Allows Class Action Lawsuits Against Visa, Mastercard

June 07, 2024
Visa and Mastercard are facing new lawsuits over multilateral interchange fees. The United Kingdom Competition Appeal Tribunal ruled Friday (June 7) that collective proceedings — which are similar to class...

Alviere Debuts Merchant-Funded Rewards for Co-Branded Cards

March 06, 2024
Embedded finance platform provider Alviere is letting its clients expand their co-branded debit card incentives. The expansion allows customers to offer merchant-funded rewards, the company said in a Wednesday (March 6) news release....