Topics: payment-processing

Running a natural products store online can be highly profitable due to the growing consumer interest in organic food and beverage items, as well as supplements. The U.S. Natural and Organic Product Industry sales surged 6.5% to $207 billion in 2017, while the natural supplement market grew 6.1% to $44 billion in the U.S. over the same span, according to New Hope Network’s Nutrition Business Journal.

Ecommerce merchants choose their industry sectors for many reasons. That’s half the fun of coming up with, and executing on, a business idea. Sometimes your choice furthers a life-long passion, while other times it’s as simple as recognizing and filling a market need. Being first off-the-block is often a winning strategy for a sprint, but not so much in a marathon.

The payments industry has dramatically shifted over the past few years, and many people now choose to pay with a credit card, or an electronic wallet like Apple Pay or Google Pay. Digital solutions like credit card processing for dental practices eliminates the overhead associated with paper invoices, and provides many benefits to dental practices and their patients.

Consumers are becoming more familiar with alternative payment methods and more confident in their security. As these payment options continue to gain in popularity, businesses need to adapt to consumer preferences — and having a clear understanding of the latest payment processing trends can help them make the right decisions for their future.

It’s gearing up to be a busy holiday shopping season and many retailers are trying to make the most out of increased traffic to their ecommerce stores. One of the best ways to increase conversions and sales is to make the payment process as simple and seamless as possible.

Being an online merchant can be a careful balancing act. You want to deliver quality service to your customers, while maintaining security and a good cash flow. In theory, it doesn’t sound too bad, but if one small thing goes awry in the transaction chain, it can be difficult and costly to figure out what went wrong. This might shake customer faith in your business, present extra security concerns, and eat into profitability. If nothing else, having a long process between the time the customer puts their card info in to the transaction actually hitting your pockets is just tedious.

PayArc is pleased to announce new specialized merchant services for coffee shops. We understand the importance of creating the best payments infrastructure for your small business, and we’re here to help.