In a world that’s rapidly becoming more digital and more mobile, payment is critical to merchants’ success.
In partnership with Adyen, payment consulting firm Edgar, Dunn & Company (EDC) has identified five best practices to increase overall profitability, based on interviews with merchants and experts, along with a wealth of global data.
The five best practices to optimize online payments include:
- Optimizing the mobile payment experience to increase checkout conversion
- Localizing payment methods to unlock new customer segments
- Implementing a global acquiring strategy with a local approach
- Leveraging payment data insights to increase conversion rate and reduce acceptance costs
- Using an intelligent, data-based approach to minimize risk and maximize revenue
Find out 5 best practices to enhance the consumer experience and boost your payment processing.