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OAK + FORT: Flexible-Payment Plans Boost Luxury Purchases

PYMNTS

Merchants are optimizing their eCommerce operations, but this is posing challenges for some, including luxury merchants. This trend is especially important for retailers in these industries to consider as the pandemic nudges more consumers toward eCommerce rather than brick-and-mortar shopping. Around The Buy Now, Pay Later World.

Planning 111
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Tesla Plans Move To eCommerce Sales Model

PYMNTS

In an effort to transition to an eCommerce sales platform, Tesla announced its move to an online-only sales model. According to CNET, however, it wasn’t known the number of the company ’s brick-and-mortar locations would stay open. Tesla, in fact, forecasts that the move could let the company lower vehicle prices by about 6 percent.

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US eCommerce Up 49 Pct; Curbside Pickup Soars 208 Pct Since April 1

PYMNTS

The number of orders placed online and picked up at stores surged 208 percent between April 1 and April 20 compared to a year ago, according to Adobe Analytics, CNBC reported. In addition, the survey found eCommerce in the U.S. The first phase plans for eCommerce to rise with curbside pickup and home delivery.

eCommerce 103
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Reliance Tests eCommerce Portal In India

PYMNTS

Ambani, Asia’s richest man, is now a bit closer to his goal of establishing an eCommerce platform to rival Amazon or Walmart’s FlipKart in India’s ripe market for that field. KPMG said India’s appetite for eCommerce is set to grow by $200 billion from now until 2027. Vikraman P.N.,

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How Payments Have Ignited Subscription eCommerce

PYMNTS

Yet subscription eCommerce is still a youthful industry, one that, in the words of Emma Clark, chief of staff at Recurly , “is maturing,” with the lessons learned along the way set to influence the next generation of those increasingly popular retail offerings. The findings of the PYMNTS research provided a foundation for the discussion.

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Startup Riskified Seeks $200M To Fight eCommerce Fraud

PYMNTS

Riskified does not comment on its financial plans,” a representative for the company said. Fraud is becoming an increasingly more common problem in the eCommerce sector, and is estimated to cost merchants about $130 billion over the next five years. “At In a blog post , the company outlined its views on fraud in eCommerce.

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Flexible Payment Plans Promise Merchant Growth In 2021

PYMNTS

The record number saw it surpass its native Australia — where sales totaled $900 million — for the first time, signifying that the U.S. Consumers not only searched for discounts but also sought out emerging payment methods such as installment payment plans in stores and online. One study found that 41 percent of U.S.

Planning 110