{"id":3234,"date":"2017-06-12T08:00:16","date_gmt":"2017-06-12T15:00:16","guid":{"rendered":"https:\/\/www.numinix.com\/blog\/?p=3234"},"modified":"2019-10-31T16:03:09","modified_gmt":"2019-10-31T23:03:09","slug":"how-payment-services-are-changing-e-commerce","status":"publish","type":"post","link":"https:\/\/www.numinix.com\/blog\/how-payment-services-are-changing-e-commerce\/","title":{"rendered":"How Payment Services Are Changing E-commerce"},"content":{"rendered":"<p class=\"p1\"><a href=\"https:\/\/www.numinix.com\/wordpress\/wp-content\/uploads\/2017\/06\/pexels-photo-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3235\" src=\"https:\/\/www.numinix.com\/wordpress\/wp-content\/uploads\/2017\/06\/pexels-photo-1.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/www.numinix.com\/wordpress\/wp-content\/uploads\/2017\/06\/pexels-photo-1.jpg 940w, https:\/\/www.numinix.com\/wordpress\/wp-content\/uploads\/2017\/06\/pexels-photo-1-300x200.jpg 300w, https:\/\/www.numinix.com\/wordpress\/wp-content\/uploads\/2017\/06\/pexels-photo-1-768x512.jpg 768w, https:\/\/www.numinix.com\/wordpress\/wp-content\/uploads\/2017\/06\/pexels-photo-1-624x416.jpg 624w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p class=\"p1\"><span class=\"s2\">With e-commerce growing as an industry, businesses are increasingly trying to find ways to remain competitive. Employing different payment services, which are essential for the growth of e-commerce businesses are one way of doing so, and in this blog post, we\u2019ll discuss how they are changing e-commerce.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www.numinix.com\/blog\/how-payment-services-are-changing-e-commerce\/#Affecting_How_Business_is_Done_Digitally\" >Affecting How Business is Done Digitally<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www.numinix.com\/blog\/how-payment-services-are-changing-e-commerce\/#Improving_Customer_Experience\" >Improving Customer Experience<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www.numinix.com\/blog\/how-payment-services-are-changing-e-commerce\/#Using_Cryptocurrencies_and_Digital_Currencies\" >Using Cryptocurrencies and Digital Currencies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www.numinix.com\/blog\/how-payment-services-are-changing-e-commerce\/#Shopping_Carts_Abandoned_Without_Adequate_Payment_Options\" >Shopping Carts Abandoned Without Adequate Payment Options<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"p1\"><span class=\"ez-toc-section\" id=\"Affecting_How_Business_is_Done_Digitally\"><\/span><span class=\"s2\"><b>Affecting How Business is Done Digitally<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"p1\"><span class=\"s2\">Developments in payment technologies affect how business is done digitally, for example, allowing for cross-border business and allowing for quicker ways to complete transactions thanks to digital wallets and mobile payments.<\/span><\/p>\n<h3 class=\"p1\"><span class=\"ez-toc-section\" id=\"Improving_Customer_Experience\"><\/span><span class=\"s2\"><b>Improving Customer Experience<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"p1\"><span class=\"s2\">By making the process faster, e-commerce payment services are improving the experience of the customer. This is something many businesses are in the process of doing, for example, by eliminating the login step of the checkout process, and instead offering a digital wallet or mobile payment option. <\/span><\/p>\n<h3 class=\"p1\"><span class=\"ez-toc-section\" id=\"Using_Cryptocurrencies_and_Digital_Currencies\"><\/span><span class=\"s2\"><b>Using Cryptocurrencies and Digital Currencies<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"p1\"><span class=\"s2\">Other payment services are using cryptocurrencies such as Bitcoin for e-commerce payments. However, access to cryptocurrencies is still beyond the typical consumer, so some businesses have even created their own digital currencies in the form of gift cards and store point balances.<\/span><\/p>\n<h3 class=\"p1\"><span class=\"ez-toc-section\" id=\"Shopping_Carts_Abandoned_Without_Adequate_Payment_Options\"><\/span><span class=\"s2\"><b>Shopping Carts Abandoned Without Adequate Payment Options<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"p1\"><span class=\"s2\">Many customers abandon their carts as a result of payment issues. While some are discouraged by slow checkout processes, others want more payment methods in the form of apps, digital wallets, and other contactless technologies.<\/span><\/p>\n<p class=\"p1\"><span class=\"s2\"><b>Need help designing your website? <\/b><a href=\"https:\/\/www.numinix.com\/custom_quote.html\"><span class=\"s1\"><b>Request a quote<\/b><\/span><\/a><b> from us.<\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With e-commerce growing as an industry, businesses are increasingly trying to find ways to remain competitive. Employing different payment services, which are essential for the growth of e-commerce businesses are one way of doing so, and in this blog post, we\u2019ll discuss how they are changing e-commerce. Affecting How Business is Done Digitally Developments in&#8230;<\/p>\n","protected":false},"author":265,"featured_media":3235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[586],"tags":[709,745,682,746,696,747,744],"class_list":["post-3234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-web-development","tag-digital-e-commerce","tag-digital-payment","tag-e-commerce","tag-e-commerce-help","tag-e-commerce-site","tag-e-commerce-tips","tag-payment-options"],"modified_by":"Numinix Developer","jetpack_featured_media_url":"https:\/\/www.numinix.com\/wordpress\/wp-content\/uploads\/2017\/06\/pexels-photo-1.jpg","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.numinix.com\/blog\/wp-json\/wp\/v2\/posts\/3234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.numinix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.numinix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.numinix.com\/blog\/wp-json\/wp\/v2\/users\/265"}],"replies":[{"embeddable":true,"href":"https:\/\/www.numinix.com\/blog\/wp-json\/wp\/v2\/comments?post=3234"}],"version-history":[{"count":0,"href":"https:\/\/www.numinix.com\/blog\/wp-json\/wp\/v2\/posts\/3234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.numinix.com\/blog\/wp-json\/wp\/v2\/media\/3235"}],"wp:attachment":[{"href":"https:\/\/www.numinix.com\/blog\/wp-json\/wp\/v2\/media?parent=3234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.numinix.com\/blog\/wp-json\/wp\/v2\/categories?post=3234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.numinix.com\/blog\/wp-json\/wp\/v2\/tags?post=3234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}