💰 Cash Use Rises Again in 2023 For the second year in a row, cash usage has increased, now making up 1 in 5 transactions, as shoppers turn to cash for better budgeting. 🔹 Total transactions rose to 21 billion 🔹 Card fees surged by 25%, costing retailers £1.64bn As cash remains key for many, businesses must navigate shifting payment trends. Read more: https://lnkd.in/eQk5Ybwj #CashVsCard #RetailTrends #FinanceNews #Rothmans

Are you struggling with high return rates on your online orders? You're not alone. Every 3 out of 5 brands face the challenge of high returns. But this is how we helped a client cut RTO by 25%: 1. We removed blanket Free Shipping Studies show that free shipping can encourage impulsive purchases, especially for high-risk items like shoes. Instead, we offered a coupon code at checkout for the exact amount of shipping. This effectively makes shipping "free" for customers who actively seek it out, indicating a stronger purchase intent. 2. Confirmed all Online Orders We implemented manual and automated order confirmations via phone calls. This personal touch helps verify the order and reduce accidental or fraudulent purchases. 3. Incentivised Prepaid Orders RTO is significantly lower for prepaid orders. We incentivised prepaid options (UPI, credit/debit cards, e-wallets) with a 5-10% discount. This encouraged customers to move away from cash-on-delivery (COD). Got questions or additional tips on reducing RTO? Let’s discuss in the comments! #ecommerce #founders #growth

💼 Purchase Order Risks & Quick Fixes – Let’s Keep the Cash Flowing 💷 Top 5 Risks : 1. Duplicate Payments: Paying twice? That’s money down the drain. 2. Unmatched POs: Paying for what you didn’t order? Money out of the pocket. 3. Short Payment Terms: Rushing to pay? Your cash flow’s crying. 4. Missing POs: Unapproved spending – a recipe for chaos. 5. Missed Discounts: Skipping discounts? Might as well toss money out the window. 5 Solutions you should try 🔔 : 1. Automate PO Matching – stop mistakes in their tracks. 2. Recover Overpayments– every penny helps, doesn’t it? 3. Negotiate Better Terms – don’t let suppliers call the shots. 4. Tighten Approvals– keep spending under wraps. 5. Track Discounts – because savings are always in style. If I missed something, please share it ;) #CashFlow #AccountsPayable #Procurement #Finance #RiskManagement

Why Businesses Urge Customers to Redeem Earned Points Did you know why retail stores, mobile shops, and various businesses urge customers to use or redeem their earned points? This is because when customers purchase goods and services and earn promotional points, these businesses must evaluate the obligation they have to the customers in the future and report it as liabilities or obligations that need to be fulfilled. In summary, having substantial liabilities on the balance sheet or financial statement affects various business performance and competency indicators, such as liquidity, working capital, debt-to-equity ratio, or other obligatory debts. Before the year ends, it may be worthwhile to check where you have accumulated points. If possible, consider redeeming them for a New Year's gift. For instance, points can sometimes be redeemed for flights or other rewards. It is advisable to grab your phone and check your points now

Brands they tell us they can be using multiple solutions to make up their tech stack over cross-border, returns etc. The real value in Swap is that we are an ALL-IN-ONE Operating System. We cover… 🌎CROSS-BORDER: calculate all duties and taxes at checkout, all tax remittance and filing internationally, multiple carrier options and refund on duties at taxes on international returns. 📦RETURNS: helping brands retain up to 30% on otherwise lost revenue around returns by incentivising upselling, store credit, gift cards over full refunds. 🥷PACKAGE PROTECTION: We cover lost or stolen packages for the full RRP So Swap is the ECommerce OS The pigeon is very busy as you can see so if you’ve any questions slide into Adam Collins Jayne Wilkinson or my DMs to learn more #ECommerce #TheECommerceOS #Operations #GlobalSales #BlackFriday #Returns #CrossBorder #PackageProtection

Missed our latest collections insights? Retail and e-commerce-related consumer debt has been on the rise in 2024 📊 This increase is driven by several factors, including higher consumer spending, the growth of online shopping, and the availability of buy-now-pay-later (BNPL) services. But with increasing debt comes the call for more efficient, less costly debt collection processes for eCommerce businesses. That's where automation comes in ⚙️ Automation in debt operation can drive the following: → Protecting your reputation → Improving cash flow → Keeps customers engaged 🔗 Learn more today - read our blog post: https://buff.ly/3WQvaMF ➡️ Book a demo to learn how receeve can optimise your collections processes: https://lnkd.in/eGXWN3w2 #eCommerce #Retail #DebtCollection #receeve

This or That: Loyalty Points or Cash Back 💳 Loyalty Points: Reward your customers with points they can accumulate and redeem for future purchases. 💵 Cash Back: Offer immediate savings by giving a percentage of their purchase back in cash. Each approach offers unique benefits. Let Nock Pay guide you in choosing the best payment solution for your business needs. Let's tailor a strategy that aligns perfectly with your goals! www.nockpay.com #digitalpayments #NockPay #paymentsolutions #Paymentprocessing #paymentservices #retailinnovation #customerexperience #retailtechnology #businessinnovation #businesssuccess

Finder says that 44% of UK shoppers use retail finance for ease and convenience. https://lnkd.in/eEaxPgKS So if you're a merchant offering finance, you probably want a credit journey that's quick and simple. Ours takes less than two minutes to complete. Our demos are pretty quick as well - so why not book one in if you've got a few minutes? https://lnkd.in/dJWWHe7 #retail #finance #bnpl #payments #ecommerce

Buy Now, Pay Later (BNPL) has become increasingly popular in B2C, but B2B customers want flexible payment options, too! Cleverbridge’s Payment Schedules feature enables B2B companies to offer flexible terms to their customers making high-value purchases, typically those exceeding $1,000. Instead of requiring full payment upfront, businesses can provide structured payment plans, allowing customers to divide the total cost into smaller, more manageable amounts paid over a set period. The result? Increased conversion rates and reduced cart abandonment for your more expensive product lines. We provide a full overview of Payment Schedules in our latest blog post. Check it out in the comments 👇

Traditional 30-day credit cards come with two major issues for e-commerce businesses: 1. Decreasing credit as you spend 2. Large lump sum payments that drain your cash We’ve solved both with rolling terms that EXPAND your cash flow 🥹 This means you’re repaying small daily amounts and immediately putting that credit back to work with new purchases. Your cash cycle smooths out into a manageable wave. The result? You unlock a substantial chunk of cash that was previously tied up in statement bills and maturity walls. Depending on the business, this could mean 6-7 figures of extra cash flow. With all this extra cash, you can: → Avoid dilutive equity rounds or expensive debt → Build up reserves to weather sales dips → Negotiate better terms with suppliers → Invest in marketing and inventory At Parker, our credit products are engineered to maximize float through rolling terms, unlocking a huge store of working capital for e-commerce brands to invest in growth and smooth out cash flows. If you're an e-commerce founder looking for a corporate card that finally works for you, feel free to DM me if you want to chat.