Implementing the correct online payments strategy for your direct-to-consumer ecommerce business is an important decision that needs special attention. There are a number of questions that need to be considered in relation to this including:
Understanding the correct payment mix to offer shoppers based on your brand profile, product catalog, average order value.
Implementing a payment mix which is reflective of local market needs.
Ensuring that payment methods implemented by the brand provide a good return on investment.
Establishing good relationships with payment processors on favourable terms.
Developing an effective operational plan to manage merchant and seller of record (MOR / SOR) responsibilities.
Implementing strategies for managing payment risks including refunds, returns and chargebacks.
Developing a plan to optimise recurring billing services.
Configuration of payment services on chosen ecommerce platform.
At CommerceCentric we can help your brand to implement effective payment strategies, by guiding you through all the required paperwork to ensure your payments implementation meets customer demand and is cost effective.