Product Benefits of TechToPay

Multiple month-long lockdowns, social distancing, and businesses closures all have disrupted the shopping habits of consumers all over the globe. So much so that some experts feel that some of them might stay for good.  For most businesses, this has been a harsh period. However, not all industries have been impaired by the COVID-19 outbreak of 2020. Ecommerce - among a handful of other industries - has been trending in a positive direction. 

Why Should You Bet on the Future of Ecommerce

The buying habits of modern consumers have been changing for quite a while. The pandemic has only sped up the process. That only reinforces the feeling that once completely changed, shopping habits won’t suddenly revert to what they once were.  If you’ve had any doubts about the future of eCommerce, here are a few reasons why it’s going to dominate the world of commerce for years to come...

1. Online Shopping is Speeding Up

Although marketers have been touting eCommerce for years at this point and saying how it’s taking over retail, the truth is, eCommerce only represented a fraction of sales. On a global level, eCommerce sales only made up around 14% of all retail sales. However, since the pandemic has started, global sales have jumped to more than 30%, which represents a 100% increase. 

2. These Changes are Going to Last

A certain number of eCommerce owners are afraid that most people will go back to their old habits once the situation is over. However, initial research begs to differ. According to a recent in-depth customer study, around 52% of consumers who shifted to digital shopping feel like they won’t go back to their old ways. Mainly because online delivery has become more effective than ever. 

3. Online Acquisition Channels Are Growing

With more and more brands shifting to online-first strategies, acquisition channels are having the time of their life. Market Watch recently published a report, which showed that consumer messaging on platforms such as Facebook has grown by more than 50% in countries that have gone into prolonged lockdowns. 

Powering the Payments of Tomorrow

As you could’ve predicted even before the outbreak, the future of eCommerce is global. Although people in different markets have unique habits, they all have universal consumer needs.  For instance, all of them want their shopping to be:

• Simple

• Lightning fast

TechToPay’s global payment gateway gives you both of those benefits, and many, many more. It actually offers you every capability to handle payments from almost every country in the world. In turn, this allows you to concentrate on other aspects of your operation and grow your business.  If you want your business to stay local, TechToPay will provide you with the most popular locally-used payment method. On the other hand, if you want to take your business further, you can use the platform to simplify currency conversions for your staff members and customers. 

How TechToPay Actually Works 

First off, TechToPay is a highly-adaptable platform that will be able to accommodate your needs, no matter what niche you’re in. It connects merchants and shoppers, makes sales a lot easier for all parties involved, and helps owners take their business outside their borders.  How does TechToPay accomplish this? By giving its users access to a wide variety of payment networks and methods around the globe. In addition to that, the platform also provides risk management capabilities that can help you bring your security to a whole nother level.  With TechToPay's resources, you’ll not only be able to keep the current customers happy but also attract new ones and create long-lasting relationships. Lastly, your conversion rates are going to increase significantly, thanks to TechToPay’s optimization capabilities. 

Benefits of Using TechToPay 

Are still on the fence about trying out TechToPay? Do you want something more concrete that will sway your opinion? Below are some of the most prominent product benefits of TechToPay.

1. Open Up New Markets

Doing cross-border business for the first time might be intimidating. But it will help you sell your products more easily and quickly. With TechToPay, you can appeal to customers in different corners of the world and accept regional payment methods. 

2. International Payouts

With a single integration, you can easily access TechToPay’s bank settlement network and payout 3rd-parties in 25 countries. Furthermore, TechToPay provides support for more than 30 countries worldwide. In the following months, that number is going to expand significantly. 

3. Fraud and Risk Monitoring

Online fraud is responsible for the loss of billions upon billions every year. You can maximize your transaction acceptance while lowering the risk of fraud using TechToPay’s handy risk monitoring tools. 

4. Dynamic Currency Conversion

No matter who your target customers are, with TechToPay, you’ll be able to accept their payments instantly. With more than 100 payment methods and 140 global currencies, you’ll never have to force your customer to exchange their money before doing business with you. 

5. Simple and Intuitive Integration

For many people, switching their payment gateway sounds like too much work. With TechToPay, however, you won’t even feel it. With one integration and POC, you can access everything you need and start accepting payments worldwide in a matter of minutes. 

The Bottom Line 

While some eCommerce businesses weren’t completely immune to the ongoing crisis, the industry as a whole will come out on top. The impact of COVID-19 has actually accelerated people’s transition from offline to online retail.  With the use of platforms like TechToPay, eCommerce merchants will be able to position themselves to be successful until the crisis ends. After everything goes back to normal, eCommerce businesses will be able to dominate the market for good.