Author Archives: Kristin Bair

Decline Recovery

Let’s say you have this really sweet business model where you have accumulated 500 customers that spend $100 a month on a subscription or auto-ship package of goods or services. Not all of those transactions get approved, so perhaps you get $35,000 a month. That’s $35,000 a month that you count on to run your […]

Digital Wallet Service: Apple Pay and Google Pay

Merchants want the opportunity to provide more options for their customers to pay for their purchases. Customers want the ease of contactless payments and the ability to use their preferred payment method. In particular, more customers are using the web to purchase everyday items, rather than shopping in stores. Current demand indicates that customers want […]

Social Commerce

Most of us have at least one social media account, while others have many. Whether you use LinkedIn, Facebook, Twitter, Instagram, Snapchat, TikTok, or more, you have probably started to see opportunities for purchasing a product or service through these platforms. By the end of 2021, there will be more than 3 billion social media […]

5 Reasons You Need a Scalable Payment System

The options for choosing a payment system for your business are seemingly endless. A quick internet search shows results like: Payment System About 2,810,000,000 results Payment Platform About 1,070,000,000 results Payment Hub About 867,000,000 results For a business, choosing one company to process your payments is daunting. Payments are mostly an unglamorous topic, even though […]

Payments Strategy for Businesses

Merchants need payment solutions for the ever-changing regulations in the payment processing industry. Typical payment processing lacks the added tools that savvy merchants need to manage their growth. After seeing clients struggle with these problems, Nexio was created to bring the industry’s best resources together into one platform. Fraud: Fraud, Hacking, Phishing, Skimming, Scamming. Blackhats, […]

Payment Trends and COVID-19: Adjusting to Gain Lost Revenue

Consumer behavior has changed due to the COVID-19 pandemic. Nearly 50% of global shoppers are using digital payments more than before the pandemic, and the majority plan to continue after the virus is contained. In the report, Global Online Payment Methods 2020 and COVID-19’s Impact, close to 75% of the respondents found that contactless payments […]

3DS, Fraud, and Tokens

Nexio uses multiple strategies to prevent fraud, keep customers’ private information secure, and provide a safe checkout method. Check out how this process works for back-office software on this webpage: https://nexiohub.com/howitworks/ 3DS:  3DS is a security tool for authentication of credit card users for e-commerce in Europe and some countries outside of the EU. The […]

Subscriptions and Recurring Payments

Most consumers are familiar with the idea of subscription payments. Perhaps you have your own experiences where you have a pest control service that bills you quarterly. Or you pay a monthly fee for your gym membership. Maybe you visit the chiropractor and have a payment plan set up that bills you.  Subscriptions are accepted […]

Advantages of Localizing Payments

Whatever you are selling, you want to sell more and offer more people access to your product or service. Cross-border selling has increased by 25% from 2015 to 2020. Additionally, cross-border e-commerce sellers manage to boost their sales by an average of 10 to 15%. When expanding to new markets, you will need a strategy […]