As mobile phones have become an elemental part of human lifestyle, therefore we don't need to carry stuff like the offline wallet. Our smartphones will play a dictator role in guiding us for buying the products, make payments, disregard of any location.
With the exponential growth of mobile and e-commerce industry, all online merchants must implement a mobile wallet to boost business revenue and reduce the practical cost. The major benefit which online retailers can accomplish is the ability to curtail the cost which includes frauds, payment gateway security and payment processing fees. According to the recent survey, digital wallets also provides the opportunity to deeply connect with customers and also reduce the add to cart errors and meet the customer requirements and satisfaction. Further, digital wallet helps the merchants to sell more products and services by inviting their customers with offers like discounts, coupons, and cash back.
Still, there are many merchants in online industry who haven't implemented digital wallets. Don't you think they are lagging behind their business counterparts.? Obviously Yes.!! As we are heading towards a digital industry every merchant should establish a mobile enabled environment which helps turn your business into a brand and effectively engage with the customer. Over the last couple of months, India was under demonetisation effect where their was too much shortage of cash among the individuals. To overcome this cashless era, online wallet company named Paytm came into the picture. It's a portal which helps Kirana store owners, merchants, food vendors to accept payment through digital wallets. Hence helped sellers to continue with the same pace which they were into before demonetisation.
It's a high time for merchants to be a part of winning track by hiring the developer and integrate the digital wallets like PayU, CCAvenue, Paypal, Eway, Knet, and Jackpay.
Hey Sellers & Buyers !! Read out the advantages of Digital Wallets
Engage Online Shoppers
Consumer may abandon their orders while filling out the forms for the checkout process. To overcome this issue, digital wallet got launched which allows the user to feed the information securely and accurately.
Digital wallets make the transaction process secured as wallets don't tranfer the payment card details to the website. Digital wallet is convenient, easy and securable as compared to credit cards.
Get Rid of Physical Wallet
User doesn't need to carry a physical wallet as digital wallet are convenient and keep the record of all your bank & credit/debit card details at one place.
With a digital wallet, you don't need to fill out the card numbers and password every time as you can link all your credit, debit and net banking and pay with a single click without entering the details.
Data encrypted in Cloud
If you lost your phone you don't need to request for new cards. With the implementation of digital wallets, your credit card numbers are encrypted in the cloud which can be accessed remotely.
If you want to compete in this digital era then don't delay in integrating the digital wallets into your business module. Hire an experienced e-commerce developer and get developed your wallet based e-commerce storefront today. For any info or business requirements feel free to write us at firstname.lastname@example.org
If you are looking forward to build an effective e-commerce storefront then compete with the biggest brand like Amazon, eBay by building the best e-commerce website ever. As mobile searches have surpassed desktop searches hence you need to make sure that your website turns out to be best.
Wondering, How to get your website developed? Follow these Key Step to Success
Plan Your Business Strategy
Many people pretend that running an e-commerce is an easy task. But, if you want to become a giant in e-commerce industry then you first need to invest your time on planning business strategies which include your business product, promotional task, long-term goals, and Key Performance Indicators(KPIs)
Choose the Best in Class E-commerce Platform
If you want to build a strong customer base and user experience then choose the best in class e-commerce platform named Magento which is highly flexible and well suited for online merchants.
More than 200, 000 online merchants depend on magento to grow their business. So, it's a high time when you should hire a magento developer which is certified and should be expertise in :
1. Magento Responsive
2. Magento Extension
3. Magento 1.x to Magento 2.x migration
4. ERP integration with Magento for automatic inventory management
You can search for numerous retail outlets & shopping malls who provide the wide range of branded products but none of them have implemented customization functionality where the user can select any of the product and customized it their own way. So, if you want to emerge out to be the best then integrate the light in size product design tool software into your e-commerce storefront and allows your customer to design their favorite product online and buy it from the same platform.
Sale Sale Sale! Tag
As there are plenty of online merchants it's going to be a cut-throat competition to earn revenue. Therefore it would be great if you place red-signs reading “SALE” and “50% off” as Call to Action button to turn your visitors into buyers.
Offers Awards, Deal & Free Shipping
Your customer will bounce of the website if you aren't offering free shipping, hence to engage the visitor you must improve your business and customer service by offering exciting deals, discount, and referral policy so that you don't loose out your precious customers.
Wide Range of Payment Options
As you would be selling your products all across the globe so, you need to implement wide range of payment options such as credit/debit card, bank transfer, Cash on Delivery, CC Avenue, PayPal and gift vouchers.
Don't Ignore Search Box
It would be the worst experience for the user when they landed to your e-commerce and doesn't find a search box. Keeping this in mind you website must provide a simple and clear view of the shopping cart, login box, and search box which make the checkout process easier and turn out to be revenue generating.