Close Menu
  • For Buyers
    • Retail News
    • Products & Suppliers
    • Ecommerce
    • Marketing & Management
    • Trade Show News
  • For Suppliers
    • Supplier News
    • Marketing & Management
    • Importing
    • Manufacturers
    • Warehousing
    • Finance
    • Show Exhibiting
  • Wholesale 101
  • Trade Show Calendar
  • Wholesale Products
Facebook X (Twitter) Instagram
Saturday, May 31
  • Subscribe
  • Submit Content
  • About Us
    • Contact Us
  • Advertise
    • Display Advertising
    • Email Marketing Campaigns
    • Newsletter Advertising
    • Sponsored Content
    • Lead Generation Services
  • Top Product Sources
Facebook X (Twitter) Instagram
WholesaleCentral.com Blog
  • For Buyers
    • Retail News
    • Products & Suppliers
    • Ecommerce
    • Marketing & Management
    • Trade Show News
  • For Suppliers
    • Supplier News
    • Marketing & Management
    • Importing
    • Manufacturers
    • Warehousing
    • Finance
    • Show Exhibiting
  • Wholesale 101
  • Trade Show Calendar
  • Wholesale Products
WholesaleCentral.com Blog
Home»For Buyers»Ecommerce»New eCommerce Payment Technologies
Ecommerce

New eCommerce Payment Technologies

Mike AugerBy Mike AugerDecember 19, 2013Updated:February 3, 20233 Mins Read
Facebook Twitter Email
Share
Facebook Twitter Email

By Michael Auger

   New eCommerce Payment Technologies Everything is important when it comes to running your business. As an online store owner, getting money from point A, your website, to point B, your bank account, should be at or near the top of your priority list. New payment technologies surface daily to make this process safer and easier. There are a number of exciting technologies on the horizon, from scanning a QR code to complete the checkout process, to order completion that happens on a mobile device instead of on a PC. From a risk perspective, here are a few things you need to consider when looking at new payment technologies.

PayPal

Having multiple ways to collect money from your online store is a great idea, but you need to be sure that the ecommerce platform you are using, as well as the payment gateway, meets or exceeds all Payment Card Industry (PCI) requirements. While PayPal is a tried and true method that may not be considered a new technology, it provides a number of different processing options that should be on your shortlist of tools. In 2014, PayPal will launch Payment Code. It will allow consumers to make purchases by scanning a QR code on their mobile phone, as well as receive a four-digit code on their phone to complete a purchase.

Payment tokenization

Tokenization of payment information is a newer technology that has enjoyed some growth recently. First Data and Shift4 utilize this “token” method to encrypt site visitor payment data. It is extremely secure because sensitive data is replaced with a unique identifier. This method helps prevent theft of stored credit card information.

Mobile ready

If your site does not have a simple, elegant and fast way to process payments from mobile devices, you are most likely missing out on a piece of revenue. A mobile version of your site that allows for credit card or PayPal order completion is a requirement for any online store that is thinking about alternative payment methods. A miniature, hard to read version of your main site is definitely not mobile friendly. Keeping up with new payment technologies and keeping your site mobile friendly ensures that you can provide your customers with the best experience, and one that is also safe and secure.

Michael Auger is chairman of the board and chief strategy officer of Pinnacle Cart, a hosted shopping cart and ecommerce software application that allows you to create, manage and effectively market your business. For more information, visit pinnaclecart.com.
January 2014 issue mobile technology
Share. Facebook Twitter Email
Previous ArticleASIA AMERICA Expands in 2014
Next Article Small Biz Health Care Tax Credit

Related Posts

How to Sell Without Inventory: Innovative Approaches to E-Commerce and Retail

October 29, 2024

7 Steps to Create Successful Shipping for Your Business

January 19, 2024

5 Ecommerce Tips to Enhance Customer Support

January 17, 2024
Sign Up for Buyer Updates
WholesaleCentral.com

Join the Buyer's Network

Get news & updates only for retailers.

how-to
Wholesale 101 for Buyers

Amazon Return Pallets For Sale: How to Profit

11 Mins ReadUpdated:August 9, 2024

A big trend among some online sellers is buying Amazon return pallets and overstock and…

Retail News

5 Essential Tax Season Preparation Tips

10 Mins ReadUpdated:August 8, 2024

Are you ready for tax season? April 18 is approaching quickly, and many day-to-day decisions…

Ecommerce

7 Steps to Create Successful Shipping for Your Business

6 Mins ReadUpdated:August 8, 2024

by Sidney Karanja Today’s business environment is more globalized and complex than ever before. In…

Product News

Overstock Liquidations

6 Mins ReadUpdated:August 9, 2024

Overstock inventory refers to the excess goods or merchandise that a retailer has on hand…

Latest Posts

Crafting a Marketing Strategy for Electronics Retailers

January 21, 2025

Effective Digital Marketing Strategies for Health & Wellness Brands

January 21, 2025

Mastering Beauty Ads: 10 Strategies for Engaging Your Audience | Blog.Wholesalecentrl.comĀ 

January 21, 2025

Jewelry Marketing Strategies: How to Attract Customers and Boost Sales in a Competitive Market

December 31, 2024

How to Open a Gift Shop: A Step-By-Step Guide

December 23, 2024

Online Marketing Calendar for 2025: Don’t Miss These Critical Dates

December 17, 2024
  • About Us
  • Subscribe
  • Contact Us
  • Advertise
  • Find Wholesale Sources
WholesaleCentral.com

Join the Buyer's Network

Get news & updates only for retailers.

Follow Us:

Copyright © 2025. Sumner Communications, Inc..

Type above and press Enter to search. Press Esc to cancel.