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Who is ShopSnap and why They Might be a Better Option Than Shopify

Who is ShopSnap? The latest ecommerce platfrom is an Austin based eCommerce company spearheaded by seasoned executives. Focus: ShopSnap is a cloud-based, white-label e-commerce platform designed to be easily integrated into the back-end operations of logistics companies, merchant account providers, and other businesses looking to offer online storefronts to their customers. Target Audience: While they do have individual clients such as entrepreneurs starting a side hustle, their primary clients are established businesses in logistics and payment solutions offering e-commerce capabilities as an extended service.Key Features: Mobile friendly, easy-to-use storefront creation  Integration with back-end inventory, accounting, and distribution systems Scalable to handle the requireme

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The Top 3 eCommerce Platforms to Sell Online For Free

Passive income is a great way to earn money without having to put in a lot of effort. One way to generate passive income is by selling products online. There are many ways to do this, such as selling digital products like ebooks, courses, and printables, or physical products like handmade crafts or vintage items. According to Forbes Advisor, if you're looking to sell products online, there are many options available. Here are some of the most profitable and high-demand products to sell online. Power banks Cargo pants Beanies Lip stain Pimple patches Hair oil Baby carriers Bohemian earrings Wedge pillows Matcha Most online stores can cost between several hundred dollars and thousands of dollars per month depending on your sales volume and have hidden fees in the form of

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How to Increase Conversion Rate on an Online Store: 5 Proven Strategies

If you run an online store, you know how important it is to convert your website visitors into paying customers. Conversion rate is the percentage of visitors who complete a desired action on your website, such as making a purchase, signing up for your email list, or adding a product to their cart. The higher your conversion rate, the more revenue you can generate from your existing traffic.But how do you increase your conversion rate on an online store? There are many factors that can influence your visitors' behavior and decision-making process, such as your site speed, design, content, product quality, pricing, trust, and customer service. To optimize your online store for conversions, you need to test and improve each of these aspects and find out what works best for your target audien

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Shopify Stock up 17% Amid Layoffs As Loss is Smaller Than Expected

Shopify reported revenue of $1.366 billion, up 22% from a year ago and slightly ahead of the Wall Street consensus for $1.34 billion.Quarterly loss was $0.02 per share versus the estimated $0.07. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.Shopify's earning might have been tied to a strong US Dollar Vs. The Canadian Dollar as most of its operating expenses are in Canadian Dollars.This jump in revenue comes amid growing customer pains with the platform and social media outcry about their billing practices and the inability to cancel the service.Shopify shares have lost about 78.9% since the beginning of the year while the S&P 500's declined by 19.6%.

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ShopSnap Steps Up Its Game with a New Interface

ShopSnap LLC. The popular ecommerce platform is stepping up its game with a new interface aimed at merchants seeking to populate their online stores with a single step.The new interface allows for products to be entered and duplicated along with their SKUs Inventory, variations and custom attributes.“As an online store owner, after fulfilling orders and customer service, the most time consuming task is always adding your products, updating images and adjusting pricing and inventory levels.” said Mr. Gal Ratner – ShopSnap’s CEO.We at The Ecommerce Global took the new interface for a spin and were thoroughly impressed by its functionality.The new tabs for Product Variations, Inventory levels, Specifications, Bulk Pricing and Custom Fields worked well.The new product page includes everything

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First Data Spend Trend Finds Brick And Mortar Still Have Strong Hold On Black Friday

First Data’s latest “2018 SpendTrend Holiday Insights” report shows an initially slow holiday season spend rate, only to see an decelerated spend through Thanksgiving, Black Friday and Cyber Monday. First Data examined point-of-sale (POS) activity across 1.3 million merchants, This included more than 1 million brick-and-mortar stores and 200,000 eCommerce merchants.Overall, Thanksgiving and Black Friday showed growth of 6.1 percent, versus the pre-holiday period, according to data released today (Dec. 6). That came on top of the pre-holiday spend growth of 2.6 percent year on year. Breaking down the numbers a bit, retail pre-holiday spend was the slowest growth seen in three years at 1.3 percent. However, First Data said that Thanksgiving and Black Friday growth was up 7.5 percent, driven

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Webscale completes a $14 million B round to improve cloud automation for ecommerce companies

The round was led by Mohr Davidow Ventures, with participation from Benhamou Global Ventures and Grotech Ventures.Crunchbase data suggests Webscale’s raised $32.3 million so far and CEO Sonal Puri said the capital will fuel the company’s growth and international expansion.Webscale’s SaaS offerings comprises of load balancing, outage prevention, machine learning, cybersecurity and app performance monitoring and is aimed at private, hybrid, and public cloud environments including Amazon Web Services, Google Cloud Platform, and Microsoft’s Azure.Webscale primary customers are mix of online retail, e-learning, education, media, and nonprofit companies in seven countries, including six Fortune 1000 businesses. Puri said the company migrated more than 600 storefronts from 100 customers and their

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Alibaba signs agreement with Belgium for e-commerce trade hub

BEIJING: Alibaba Group Holding Ltd said on Dec 5 it has signed an agreement with the Belgium government to launch an e-commerce trade hub, which will include investments in logistics infrastructure.The project is part of Alibaba’s Electronic World Trade Platform (eWTP) and the company has made similar agreements in South-East Asia and Africa.Alibaba’s logistics arm, Cainiao, will lease a 220,000 square meter logistics hub at Belgium’s Liege airport as part of the deal and invest an initial €75mil (RM353.25mil) in the project. – Reuters

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Online payments company Stripe raises $245 million at a $20 billion valuation

Stripe, the online payments company with customers including Target, Lyft, and Amazon, just announced a $245 million funding round at a $20 billion valuation.According to its latest valuation Stripe has more than doubled in the last two years.in 2016, Stripe raised $150 million at a valuation of $9.2 billion.The current round was led by Tiger Global Management, Sequoia, and DST Global.Stripe has raised a total of $685 million in funding from investors including CapitalG (formerly Google Capital) and Visa. It is currently, the most valuable financial services startup in the world.In an interview, Stripe President John Collison says that much of the company’s growth is coming from the gradual expansion of internet companies into physical retail — for instance, Warby Parker, the online eyegla

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Merrill Lynch says Target and Walmart online sales are outpacing Amazon and urges clients to buy the stocks

Online sales growth at Target and Walmart are at full swing this holiday season with new data showing the retail giants outpacing Amazon.Walmart’s e-commerce growth accelerated to 43 percent in the third quarter, while Target posted a record 49 percent year-over-year surge, according to Merrill Lynch. Given the gains, analysts at the brokerage firm wrote to clients Thursday that investors should buy either stock expecting an increase in last minute shopping.“The impressive sales acceleration reported by both Walmart and Target in the most recent quarter implies both company’s expanding omni-channel initiatives are resonating with shoppers,” Bank of America analyst Robert Ohmes wrote. “This growth has outpaced that of other brick and mortar retailers as well as online players like Amazon, a

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BigCommerce Adds Support for Venmo and Masterpass

AUSTIN, Texas–(BUSINESS WIRE)–BigCommerce announced the addition of Venmo and Masterpass as supported payment methods available to BigCommerce merchants, further extending their ability to offer consumers a wide range of payment options at checkout.“When it comes to the last mile of checkout, merchants cannot afford to risk losing the sale because they don’t offer the payment method that a given customer prefers,” said Jimmy Duvall, chief product officer at BigCommerce. “Especially during the holiday rush, there’s no margin for error or omission. We want our merchants to be able to concentrate on their products, brand and broader shopper experience, knowing that payments will be flexible, seamless and reliable.”More than $35 billion in transactions were processed through Venmo in 2017 alon

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Shopify Acquires Sweden-based TicTail to Expand Global Presence

Shopify (SHOP) recently announced acquisition of TicTail, a Swedish e-commerce company, per a report by Financial Post. However, the financial terms have been kept under wraps.Crunchbase listed TicTail has raised a total of $32.6 million.Tictail merchants were reportedly informed by message about the acquisition. Breakit, reported online retailers on Tictail’s platform can shift their respective stores to Shopify’s platform within Apr 1, 2019. Post the deadline, the Swedish company’s platform will be sunsetted.This move appears to be an indication that Shopify’s is shifting its strategy from the declining US based market to international markets, which is a positive. The company is benefiting from a diversified expanding merchant base.TicTail, based out of Stockholm, Sweden was founded in

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