One vital task for ecommerce merchants across this industry is staying abreast of important changes, and one particularly key area here is that of payments.
Ecommerce payment methods have changed and updated in some major ways just within the last decade or so, and ensuring that your site is well set-up for various payment options your clients are interested in can be very important.
At SiteSource, we're here to offer a huge range of services ranging from headless PWA development to Shopify development, ADA compliance and more.
We provide everything from content management to ecommerce solutions, including assistance with payment themes and several others.
In this two-part blog series, we'll go over the various ways modern technology has changed ecommerce payments in recent years, plus what you should be thinking about with regard to each.
One major shift in payments has been the growing prevalence of QR codes. While QR codes have existed for some time, recent advances have made them much more popular and accessible than ever before. For example, with services like Google Pay and Apple Pay, customers can simply scan a unique QR code to send payment directly to your business.
Additionally, many ecommerce sites now offer unique QR codes to customers who want to purchase items directly from their site. This offers a more secure, streamlined way of transacting while also ensuring that the customer has access to all the relevant payment details.
Another key advancement in payments has been the rise of digital wallets, or e-wallets. These are essentially online accounts and payment services which allow customers to securely store their payment details and process payments with a single click. Popular examples include PayPal, Venmo, Google Pay, Apple Pay, and so on.
These wallets provide a convenient way for customers to pay for items and services, often with additional features like loyalty points or rewards programs. Furthermore, they can significantly reduce the time it takes to process payments as customers no longer need to manually enter their card details each time.
Cryptocurrency has made a huge splash in several industries, and the ecommerce world is no exception. Services like Coinbase provide merchants with a way to accept payments in bitcoin or other cryptocurrencies, while also making it possible for customers to pay using these currencies.
Cryptocurrency can be an attractive payment option for those looking for increased security, as transactions are almost impossible to reverse or cancel once complete. Furthermore, this type of digital currency is becoming more and more popular every day, so having an ecommerce site configured to accept these payments could be a great way to increase your customer base.
In part two of our series, we'll look at even more ways modern technology has impacted ecommerce payments and what you need to consider when setting up your site. Be sure to stay tuned!
Stay up-to-date with the latest ecommerce technology and payment trends by partnering with SiteSource today! With years of experience in headless ecommerce and Shopify development, we'll be there every step of the way. Contact us now to learn more!