In the United Kingdom, The Financial Services Authority (FSA) was formerly the regulating authority for most aspects of the EU's Payment Services Directive (PSD), until its replacement in 2013 by the Prudential Regulation Authority and the Financial Conduct Authority. The UK implemented the PSD through the Payment Services Regulations 2009 (PSRs), which came into effect on 1 November 2009. The PSR affects firms providing payment services and their customers. These firms include banks, non-bank credit card issuers and non-bank merchant acquirers, e-money issuers, etc. The PSRs created a new class of regulated firms known as payment institutions (PIs), who are subject to prudential requirements. Article 87 of the PSD requires the European Commission to report on the implementation and impact of the PSD by 1 November 2012.
Great article, Jeremy. I currently have a Shopify online store and for the most part like the ease of use and general functionality. However, I cannot find a way to create a separate section- think ‘members only’- with products and/or pricing that is not viewable by the general public. I’ve researched a lot of apps/plugins, but none seem to match my needs. Do you know how this can be done without creating an entirely separate store? Thanks in advance for your time and consideration.
HBO chief Richard Plepler has issued a response to Dish CEO Charlie Ergen's claim that the ongoing impasse between the companies was the result of a purely anticompetitive play on AT&T's part. It was Dish that dropped HBO and Cinemax signals at midnight on Oct. 31, blacking out programming for subscribers, Plepler said. That was the first time in HBO's nearly 50-year history that any pay-TV service dropped the premium channel from its lineup. [More...]
Great and informative article. I have one question….. if you have a brick and mortar store where you sell your products and you want to add a website store selling say your jewelry. Is there any problem with removing products from your website that have sold from your store? Not linking POS system for the online to the brick and mortar store? This is a store located in a resort area and for 3 months a year you are so busy ringing the cash register that it will be difficult to maintain inventory. But if we use the Shopify basic or Shopify mid plan is their a fee for transactions placed in store? On our current credit card system. In essence, if we remove a product from the website how does Shopify view that? I hope I have explained this coherently and thank you in advance for your help
We have switched from Big commerce to Shopify Plus earlier this year and we loved the platform. It is very easy to use and much more app integration. With Shopify Plus you can have multiple countries website under one account. We have a dedicated success manager that we can throw any Shopify related question to and their support team is always on line and fix problem super fast. Overall, very good experience and our store already see good growth rate after switching the platform
BigCommerce and Shopify are relatively equal. But for some, even their small differences can be crucial: BigCommerce is in the lead when it comes to SEO. This added flexibility can be valuable in competitive markets. Also, unlike Shopify, BigCommerce doesn’t charge any transaction fees. However, they will put you into a higher pricing plan as you hit certain thresholds in your sales. Check out our Shopify vs BigCommerce comparison for more details.
Andy Jassy, CEO of Amazon Web Services, announced that AWS customers would be off all Oracle databases by the end of 2019 and running on one of Amazon's database products. This is not the first time the market has heard something like this, but this time could be different. The statement comes on the heels of Amazon spending significant coin on Oracle licenses a few months ago. [More...]
With these developments in mind, I have assembled a list of top seven ecommerce platforms that can help you get started in 2018. Before we begin, let's acknowledge that amid this cutthroat competition, only the right combination of business model and ecommerce platform will survive because your traction in the ecommerce world depends a lot on the kind of technology you are equipped with. You have to choose a platform that can meet your own distinct feature requirements as appropriately and as uniquely as your individual business model. Whether you want to launch a conventional ecommerce store, or a multi-vendor marketplace, this list will save you some of the hard grunt work. Ultimately, however, only you can determine which platform is best for you.
Wix Ecommerce plays in a different league as it’s made for smaller stores. So if you primarily want to have a great looking website with a blog and an added shopping cart, Wix is for you. As it’s geared towards beginners, adding content and managing your store is a lot easier than with Shopify. It’s not to be underestimated as it comes with customer accounts, lots of payment methods and the ability to sell digital products. Read our comparison of Shopify vs Wix here.
Specially designed for startups and SMBs, YoKart is a turnkey and features rich ecommerce marketplace solution to build multi-vendor stores such as Amazon, eBay, and Etsy. While many other ecommerce platforms do offer a multi-vendor version, YoKart specializes in this particular field. YoKart, with its latest upgrade (YoKart V8) now packs an even bigger punch. It's multilingual and multi-currency features allow store owners to expand their reach on a global level. And then there is the plethora of payment gateways, in-built analytics tool, rewards and discount coupon management features.
A SWOT analysis can help you assess the strengths, weaknesses, opportunities and threats of your company's current environment. What does the market look like? Where does your business excel, and where does it falter? Review your entire business, not just segments of it. Evaluate external opportunities, because this is the often the primary place to invest time and money. Be honest with yourself when analyzing weaknesses and threats, or else the analysis will not be helpful.
We switched twice in three years- first from Netsuite to Magento, both of which were very complex to build our site on, and then to Shopify, which has proven to be a great decision. We were able to save thousands of dollars a year in developer fees and even I (the owner) have been able to easily create pages and content for our site with little technical knowledge.
ECOM Agroindustrial Corp. Ltd is a leading global commodity merchant and sustainable supply chain management company. As an origin-integrated business operating in over 40 major producing countries worldwide, ECOM focuses primarily on coffee, cotton, and cocoa, as well as participating in selected other agricultural product markets. ECOM is one of the top two merchants in coffee, the largest coffee miller, and amongst the top four merchants in both cotton and cocoa, making ECOM a top tier participant in each of its core businesses.
Any ideas when the Shopify to Amazon(sell your products on Amazon) will be ready? Nothing from them and I have a client where they have that as a requirement. They were using the Amazon Webstore product that is shutting down in July. I see the Amazon has teamed up with Shopify to migrate the data, but that’s a 1 time deal and it doesn’t push any new product data up do Amazon.
With the Professional plan, you can upload up to 5 GB worth of files and with the Basic plan you get 1 GB in space. So the more products you have, the more product images you would want to upload. So as you increase your products you sell, the more space you need. Increasing the number of products also may imply (at times) that you are growing, which is a good thing it that’s the case.