Does your checkout need a checkup? For nearly all ecommerce businesses, the answer is an emphatic yes, according to MYFUNDBOX Subscription Billing’s global payments platform, Stripe. In a recent study that surveyed leading B2B and B2C ecommerce sites and customers, Stripe discovered that 96% of sites in North America, as well as 95% in Asia-Pacific
The trend toward #subscription-based business is clear: by 2023, 75% of direct-to-consumer #ecommerce brands are expected to adopt a subscription model. For a large ecommerce merchant, it’s critical to find a solution that can not only handle the complex logic and #recurringpayments that go along with subscriptions, but one that can #savetime and #resources, minimize
Adopting a subscription-based model is a proven way for #ecommercebusinesses to capture more repeat business, add new #revenuestreams, and grow their market share. The benefits are so clear that, by 2023, 75% of direct-to-consumer ecommerce brands are expected to switch to a subscription model.2 However, making the switch to selling subscriptions isn’t always as simple
To keep your business running smoothly and provide optimal experiences to your customers, you need a way to send invoices and collect payments that won’t frustrate them—or you. That’s especially true if they’re among the 40% of companies that still mail paper checks, creating more manual work for your customers and slowing down the process.
As more and more enterprise businesses move toward a SaaS or recurring service model, they need a billing solution that can manage recurring invoices and payments. But that’s not all—they also need a solution that can save time and resources, reduce accounting and reporting errors, and handle compliance and tax across multiple markets as the
Operating on a subscription-based model is proven to help startups go to market faster and enjoy greater flexibility. For all smaller businesses, it’s also a way to acquire repeat customers, add new revenue streams, and grow market share. However, because recurring payments require a different approach to billing than one-time purchases, launching this type of
Fraud costs merchants more than an estimated $20 billion every year. But beyond that sky-high number are all the ancillary impacts that fraud can have on a business: increased customer churn, lower credit card authorization rates, network and operational costs, and damage to the brand due to customers being incorrectly flagged as fraudsters. To stay
Even with the massive growth in #ecommerce, more than 90% of purchases still happen in person. Because of this, numerous businesses have recently expanded their solutions to include in-person payments. But while accepting in-person payments opens up vast opportunities, it also comes with its own set of challenges, including the need to integrate #online and
In today’s fast-paced, ever-changing business environment, quick access to funds is often critical. That’s why we’re excited to launch Stripe Instant Payouts to help our users deposit their balances into their bank accounts within minutes. Instant Payouts is a feature built on Stripe’s seamless payments infrastructure that allows you to manage your payments processing entirely
MYFUNDBOX has partnered with Stripe, a leading payments platform, to help our nonprofit customers multiply their impact. Stripe makes accepting payments as simple and borderless as the rest of the internet. Organizations of every size use Stripe today to accept online donations and grow their donor base. You can now increase donation completion through authorization