By Rob Marriott Offering multi-currency pricing (MCP) solutions for international payments is a great option for your customers to pay for your products in their local currency. In the two options below, the way merchants approach pricing and the technical considerations are quite different. Fixed Multi-Currency Pricing. In this model, the merchant displays all product […]
Category Archives: Blog
Social shopping is more popular than ever. Within the past year, we see that most of the world has spent more time on social media and making online purchases. The expected projections predict to see growth to $604 billion by 2027 in the US. If your business wants to grow in the e-commerce market, […]
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 users, […]
By Kevin Batchelor, CTO of Nexio I recently have become quite exhausted by the constant change of direction that we need to adapt to as developers. Responding to change is a critical part of the business. However, developing software and the opportunity cost of building the wrong thing makes it very important to filter what […]
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 […]
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, […]
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 […]
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 […]
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 […]
Nexio, Avalara, and GPS Capital Markets hosted the Direct Sales Golf Scramble on Friday, August 28, 2020, at Thanksgiving Point. For those who are not familiar, a 4-man scramble is a golf format where four players form a team, and all players contribute to the team score, rather than the score of each individual. Each […]