For online merchants, providing a smooth payment process in the checkout is key to successfully completing a purchase. A checkout that’s simple and secure significantly reduces the risk of purchase abandonment.
Monetizing B2B Marketplaces: Key factors to increase the revenue of your platform
Today’s consumers not only start their buying journey online, they expect to be able to complete it there as well. In fact, online shopping has grown even more than originally expected — U.S. e-commerce sales are expected to surpass $1 trillion for the first time in 2022.
Take the Pain out of Paying – How Buy Now, Pay Later Increases Sales in B2B Webshops
Whereas B2C web shops offer flexible payment options to simplify the payment process for buyers, the B2B sector is in an urgent need to catch up and offer better user experience and flexible payment methods.