We’ve got three very different but timely payments industry posts today as we enter the holiday shopping season.
Walmart bumps some online prices
Our first look is at Walmart’s new online pricing policy which is a departure from their “Everyday low prices” guarantee. Because the cost of shipping some items purchased online is not profitable, some Walmart online prices will not always be as low as in-store prices.
With Amazon reducing many prices leading into the holiday shopping season, we’re not sure Walmart’s pricing will help them online but it may drive a few more shoppers to their stores. Meanwhile, other retailers are trying to find the magic combination of free shipping or in-store pickup to make e-commerce profitable.
Kount report: E-commerce security for electronics retailers
Online security experts Kount have a new report that offers insight for electronics retailers on how to combat e-commerce fraud. We’ve got highlights of this valuable report and tips to guide all retailers on reducing online fraud.
The house that Jack Ma built
Jack Ma, founder of Alibaba, is a fascinating entrepreneur with big vision and global ambitions. Our post looks at how Ma has “scaled” his company, its wide business network and where it reaches around the world.
We’ve got much more payments industry news you can check out by categories from retail and e-commerce to online security and cryptocurrency here.
Newest Walmart strategy? *Pay more online.
A Walmart spokesperson explained that some items are more expensive to ship to online buyers than selling in store. They maintain the company is still offering the everyday low prices it has always promised as well as matching Amazon’s online prices. Time will tell if Walmart’s strategy will get online buyers to buy bigger orders or more expensive items that can be shipped profitably. Via paymentsnext.com
Kount report: The challenge of e-commerce fraud for electronics retailers
Today, we’re looking at the challenge of e-commerce fraud faced by electronics retailers. 2016 research shows e-commerce fraud is a $3.8 billion problem. The Kount report says the appeal of electronics for scammers is due mostly to the high value, popularity of electronics products and relatively easy conversion to cash. Via paymentsnext.com
Jack Ma: E-commerce giant killer
This is a profile of the house that Jack Ma built. As the founder of Alibaba, he’s China’s version of Amazon’s Jeff Bezos and Ma now has an estimated personal fortune of $47.6 billion based on his holdings. Founded in Hangzhou, China in 1999, Alibaba now has an ecosystem of companies that spans the globe and operates in sectors including e-commerce, payments, insurance, logistics, retail, technology, cloud computing and data management. Via paymentsnext.com
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