Avangate Acquires 2Checkout to Expand Payment Flexibility and Broaden Market Reach
Combined company will bring a unique combination of eCommerce and subscription management solutions to market through various payment models across the globe.
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Vendor reputation is the 'most important factor' when buying online, according to 86 per cent of shoppers surveyed globally by 2Checkout (formerly Avangate). The study of almost 1,000 global consumers found that product reviews are the next most influential factor in buying decisions - more so than discounts and free trials - as recognised by 74 per cent. Product reviews which lack credibility were a blocker for 49 per cent of respondents.
2Checkout released its Q1 2018 benchmark report on Digital Commerce Trends in Software & Online Services Sales, and it is good news for the subscription-based model.
The payment industry is going aggressively digital. This discussion takes stock of the ecosystem and its trends.
International e-commerce is booming these days and so too are the opportunities-and challenges-for payments players.
According to the Q1 2018 benchmarking report on Digital Commerce Trends in Software & Online Services Sales by 2Checkout, the digital commerce and payments provider, 76% of sales in Q1 2018 have been for recurring-based purchases.
2Checkout released its Q1 2018 benchmark report on Digital Commerce Trends in Software & Online Services Sales. The report shows that subscription-based purchases maintain a strong upward trend. Similar to previous years, consumers and businesses continue to prioritize security product purchases.
"The IPO is a huge validation for our industry," said Erich Litch, chief revenue officer at 2Checkout, which offers subscription payments among its products. "But the subscription economy is just one part of a complex customer buying cycle."
As startups scale and grow, there comes a crucial time to ask: do you expand abroad? There are obvious benefits to overseas expansion, not least growing your customer base.
2Checkout (formerly Avangate), Digital Commerce Benchmark follows trends in the global consumption of software and digital services, as reflected by purchases via the Avangate platform, highlighting fast-growing regions and categories as well as uncovering the most popular payment methods worldwide.
2Checkout (formerly Avangate) today released its H1 2017 benchmark report on Digital Commerce Trends in Software & Online Services Sales, showing that subscription-based software solutions, downloadable or as a service, maintain a strong upward trend. Consumers continue to prioritize security product purchases but also show interest in multimedia and design software.
According to ecommerce leader 2Checkout's First Half 2017 benchmark report on Digital Commerce Trends in Software & Online Services Sales, security and privacy products have accounted for over 30 per cent of online sales.
According to statistics from the H1 2017 benchmark report on Digital Commerce Trends in Software & Online Services Sales from 2Checkout (formerly Avangate), subscription-based software solutions, downloadable or as a service, maintain a strong upward trend.