Becoming A Global E-Commerce Player Will Require Universal Payment Methods Like Bitcoin
The business of commerce has become an increasingly difficult hurdle to overcome for most companies. Having just a physical presence alone is no longer sufficient, as customers want to check out your catalog online and compare prices with other platforms. But how do you go about establishing a powerful online presence for your brand? The only way forward is aiming for the stars and creating a global platform, with global payment methods. In this day and age, retail has become a cutthroat market. Companies and brands try to undercut each other at every opportunity they get, and consumers....
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It is no secret how consumers are looking for more convenient and mobile payment solutions these days. Alternative methods – such as digital wallets – are slowly overtaking plastic cards as a popular way to buy goods and services online. A recent study conducted by WorldPay shows how more than half of the global e-commerce transactions are coming from non-traditional card payments. Over the course of the next few years, more and more customers will start paying with alternative payment methods rather than using plastic cards. WorldPay statistics expect the number of card payments to fill....
An eBay merchant, recently took Reddit to convey his "sad" experience with the e-commerce company, stating that his product listings were removed because he accepted digital currency Bitcoin as one of the payment methods. The said merchant further posted an excerpt from the mail he received from eBay. It clearly exhibited the company's take on Bitcoin, for it mentioned the digital currency as something that defies their approach towards offering a secure and simplified e-commerce platform. "Please understand that you mentioned you accept "Bitcoin" as a method of payment," the alleged mail....
South African online marketplace Bidorbuy has added bitcoin as a payment option. With the announcement, Bidorbuy, which uses the same business model as e-commerce giant eBay, now allows sellers to enable bitcoin as a payment method for buyers on the e-commerce website, using processing services provided by Singapore-based bitcoin service BitX. Founded in 1999, Bidorbuy is one of the largest South African e-commerce websites attracting some 1.1 million unique monthly viewers and facilitating 80,000 sales monthly. In statements, Bidorbuy CEO Jaco Jonker emphasized that the decision was a way....
In an interview with CNBC on Monday, David Marcus, former President of Paypal and Head of Facebook Payments, expressed his belief that Bitcoin (BTC) is the universal protocol for money on the internet. He emphasized Bitcoin’s significance as the flagship cryptocurrency and its core value as a payment solution while discussing its potential as a global payment network. Bitcoin As The Universal Protocol For Internet Money Despite enduring a challenging period and navigating various headwinds in recent months, Bitcoin remains at the forefront of the cryptocurrency market. According to....
Mercado Libre Mexico, Mexican eBay subsidiary and Mexico’s largest e-commerce platform with over 100 million users and 7 million unique sellers, has begun to accept bitcoin payments due to increasing demand from its customers and merchants. Founded in 1999, MercadoLibre is an Argentine online marketplace currently oeprating in Brazil, Mexico, Peru and other Latin American countries. MercadoPago, one of the platforms 4 main solutions is MercadoLibre’s safety payment system, in which sellers allow buyers to choose from various payment methods. With the integration of bitcoin, merchants can....