MoneyNet International Blog

MoneyNet: Innovative E-Commerce Solutions for 2017

Posted by MoneyNet Staff on March 15, 2017

INTRODUCTION:

In e-commerce, your business infrastructure can be defined as the various components and services which hold your business together – the links in the chain from A to Z that enable you to do everything from the supply chain, to marketing, to receiving payments. As a business owner, it’s natural and necessary to examine each part of the whole to see where efficiencies can be made and costs saved. 

As you know, in an e-commerce business, not only do your sales tend to grow in stops and starts, but your business infrastructure itself can sometimes grow in an unplanned fashion. That is, all of the different parts of your system, your platforms, payment systems, marketing channels, etc. can sometimes expand piece by piece into a complicated whole. That’s when you need to take a step back and evaluate the various pieces of the puzzle. Are they actually good for your business, or can better solutions be found? Simplification and cost savings are the main drivers here. 

MoneyNet is designed to simplify and save at each step of the finance process providing e-commerce solutions  for those with online businesses: making payments, receiving payments, and transferring funds. This post will help you understand just how we do that.

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Topics: ecommerce

Best currency rates for ecommerce - 4 things to consider

Posted by MoneyNet Staff on March 11, 2017

INTRODUCTION:

In the last several years, the financial services have been disrupted by the rise of many new players in the so-called “FinTech revolution”. These are financial tech start-ups which have moved into the space to compete with the traditional providers – the banks – in terms of providing services for the new global economy where money needs to move across borders securely, rapidly and at low cost. E-commerce has been a major driver of this, with services such as online payments and international money transfer being in high demand.

Banks have found themselves losing ground despite their long-standing reputations and their established infrastructure. Why? In many cases, the banking industry has been far too conservative and slow-moving in adapting to the new economic reality of just how interconnected the globe is now. And perhaps they have rested on their laurels a bit too much, hoping that customers will stick with them in spite of things like slow international transfer speeds and, opaque exchange rates, and high fees. But the fact is that using banks for international transfer is generally a poor choice for e-commerce merchants at the present time. This post will walk you through 4 things you need to consider when evaluating fintech solutions and searching for the best currency rates for your online store.

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Topics: ecommerce

Ewallet solutions you should be aware of

Posted by MoneyNet Staff on March 10, 2017

INTRODUCTION:

An e-wallet or a digital wallet is a tool that simplifies transaction processes for consumers and businesses, providing an invaluable tool for secure online money transferring. The exponential increase in the usage of e-wallets by the consumers is spanning across the globe, slowly minimising the sole dependence on the credit and debit cards. Lately, they are growing beyond fulfilling basic financial transactions and stepping into other territories like authentication of the user's credentials. The credentials can then be passed wirelessly to a merchant’s terminal.

 

As far as the alternatives go, the closest thing that comes to an e-wallet is an open-source password . The way they work is by storing passwords in highly-encrypted databases, which you can unlock usually with one master password or a key file. The obvious shortcomings of these password managers are their one-dimensional approach to customers and lack of versatility. There are number of reasons why e-wallet solutions are such a popular and reliable choice in e-commerce and elsewhere. This post will walk you through the highlights of ewallet solutions and cover all the 5 major factors that make them a compelling financial management solution: 

  1. Reduced costs
  2. Competitive advantage
  3. Up-to-date service
  4. Convenience
  5. Security

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Topics: ecommerce

Cutting Costs Using Ecommerce Fulfillment Solutions 

Posted by MoneyNet Staff on March 5, 2017

INTRODUCTION:

Choosing the right fulfilment solution for your e-commerce store is essential to keep your costs down and deliver great service. Your fulfilment solution of choice needs to run like a well-oiled machine and save money at each step of the way in order to stay competitive. Here are some guidelines and considerations to do just that.

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Topics: ecommerce

How to sell online without opening a US bank account

Posted by MoneyNet Staff on March 2, 2017

INTRODUCTION:

As e-commerce has grown in the last few years, many new services have become available to merchants thanks to innovation in the fintech (financial technology) space. In particular, solutions for payments have become much more diverse and widespread. This has called in to question one of the truisms that many have believed – that in order to do business in e-commerce, you must have a United States bank account. Truth is, there are fewer and fewer real barriers to doing business online, internationally and including the USA. There are benefits to opening a US bank account but you may opt to use a bank account from your own home country. This post will walk you through your options. 

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Topics: ecommerce

The best payment gateway solutions for your online store

Posted by MoneyNet Staff on February 21, 2017

INTRODUCTION:

The number of different services available to e-commerce vendors has exploded in just the last couple of years, breaking through many of the barriers that used to exist. At the same time, although great financial products are available for merchants, it can be confusing to navigate them all and find what works best for you. Let’s take a look at what you should be looking for in a payment gateway.

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Topics: ecommerce

US bank account vs. online solutions - things esellers need to consider

Posted by MoneyNet Staff on February 20, 2017

INTRODUCTION:

E-commerce has become a lot easier to set up for new sellers over recent years. It used to seem very complicated and inaccessible to those on tight budgets and without professional expertise. Thankfully, a wave of innovative software and service providers has come along to make things a lot easier for people all over the world. It’s never been a better time to join the global e-commerce marketplace. 

One of the key areas that has seen improvement as regards accessibility is payments solutions.

Let’s take a look at the main considerations for foreign sellers doing business in the USA, and in particular whether they must set up a business entity in the USA, and whether it’s possible or indeed necessary to get a US bank account.

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Topics: ecommerce

Finding the most cost effective online payment solutions for your web store

Posted by MoneyNet Staff on February 19, 2017

INTRODUCTION:

Online payment solutions are the means by which customers can make payments to your web store with their credit card. To do this you will need a bank account (naturally) and an account with one of the payment solution providers. This isn’t as complex as it may sound, although the range of offering and fees from the various providers can seem complicated. Let’s look at how to make the most cost-effective choice.

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Topics: ecommerce

Inventory Management Systems That Make E-commerce Life Easy And Smart

Posted by MoneyNet Staff on February 5, 2017

INTRODUCTION:

Inventory management is the system that tracks and manages your products all the way from the supplier to your warehouse, keeps tabs on your stock, and extends to when it is shipped out to your customers. It’s essential for e-commerce merchants to have an easy-to-use system that gives a birds’ eye view of your inventory and the status of each item. If you don’t, you can run into all sort of costly problems, such as running out of inventory, having too much stock at hand, not knowing exactly where each item is at a given time, and so on. So having established that it’s a part of the e-commerce puzzle that you need to solve, let’s take a deeper look at what exactly an IMS is, the features you should look for, and how it all works. 

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Topics: ecommerce

How to cut ecommerce costs for your business

Posted by MoneyNet Staff on February 5, 2017

INTRODUCTION:

Much of success in e-commerce comes down to whether you have an edge over the competition, and slicing your costs in every area can add up to a significant edge. Increasing your margins piece by piece is possible if you do the research. This post will look at two major areas where you can cut ecommerce costs – your suppliers, and in shipping process. 

 

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Topics: ecommerce