PAYMILL’s Strategic Insolvency. Here’s What You Need To Know

0 comments / April 29, 2016

We have contacted you, our merchants, earlier this week and you might have already read the news in the media. But we want to give you the transparency, as we always have, surrounding the current situation, and answer the questions you probably have. Please always feel free to contact us directly, we’re always happy to help.

Why did PAYMILL choose to file for preliminary insolvency?

In coordination with the potential investors, shareholders and the main creditors, our management team has made the strategic decision to go for a preliminary insolvency in self-administration in order to bring the M&A negotiations to a successful result.

What does M&A negotiations mean?

Mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations or their operating units are transferred or combined. As an aspect of strategic management, M&A can allow enterprises to grow, change the nature of their business or improve their competitive position.

Will the payment payouts be affected?

Not at all. The payout to all our registered customers is not affected, since the processing and settlements are being handled by the acquiring banks. We continue our activities as usual.

Can I contact the acquiring bank?

We are striving to successfully finalize the already advanced M&A process. That is why we remain your contact to the acquiring banks.

Should I search for another PSP?

The operational business will continue to be carried out in full and we will offer you solutions to all the possible scenarios. We stay your capable partner as usual. Your payments are secured and we will keep you updated on any developments in time.

What happens next?

We’ll be continuing our business operations as usual. Our management team are currently in advanced M&A negotiations with several parties and focused on bringing the process to a successful outcome. We would like to thank everyone for standing behind us during this period and for your trust in us.

We are overwhelmed by the positive feedback of our customers and partners. Please stay tuned for further updates.

augmented commerce

How To Get Started With Augmented Commerce And Take Your Business To The Next Level

0 comments / April 26, 2016

Editor’s note: This is a guest post by Dmytro Ternovyi who is an IT enthusiast and a passionate technology writer.

Augmented commerce, you say?

Virtual reality has been the big buzz in technology circles for quite some time now. It might surprise some to hear that some analysts are expecting augmented/virtual reality to become a $120 Billion market by 2020.

While virtual reality has the gaming and film markets pretty well in hand, speculating investors should be aware that there are dozens of more practical, and possibly more lucrative uses for augmented reality, especially in the business sector. The ability to super-impose images and movable 3D models over an actual environment has huge implications in marketing and industry. Some of these are already being taken advantage of by engineers and designers to create virtual prototypes and “floor models”.

These models can then be edited and displayed to clients without the cost of real building materials, or the hassles of shipping. Imagine ordering something online but having the ability to first see a virtual model in a real environment, establishing size and scale before ordering the product. This new world of augmented reality in e-commerce that some are calling “a-commerce” is just being realised.

This article will discuss existing examples of augmented commerce on the market, as well as the hardware required for their application, the changes that this will cause in other sectors, and why now is the perfect time to invest in this technology.

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ecommerce mistakes

10 Common E-commerce Mistakes to Avoid When Building Your Business

0 comments / April 20, 2016

Editor’s note: This is a guest post by Abhyudaya Tripathi who is a digital marketing expert

Technological advancement has brought a new dawn to the world of business as e-commerce has dominated the market for over a decade. Thus, no wonder why companies have jumped into the business of online selling.

However e-commerce is not just buying and selling your products; it’s a full-fledged way to run a business online. So, this goes without saying that, companies have to pay proper attention towards the development and maintenance of their e-commerce websites too.

This post will outline all the mistakes to avoid when building your online business so you can start generating more sales and revenue. So let’s take a look at them, one by one.

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tools to build business

What Are The Must Have Tools For Building Your Business?

0 comments / April 15, 2016

Editor’s note: This is a guest post by Nate M. Vickery is a business consultant and Editor-in-Chief at Bizzmarkblog.

In business, focus is a vital factor which can make or break a company. As an entrepreneur, you should be objectively aware of your strengths and find a way to utilize your weak spots. However, only after you start building your business model, and developing your strategy, you will realize how many aspects can be perceived as a potentially problematic area for your company.

Believe it or not, 17% of Startups fail due to lack of the actual business model.

Many businesses start without any strategy whatsoever as well. A total of 42% of 101 companies surveyed, reported that their business failed because they’ve tried to enter the market without previously checking the actual need on the market for a particular product or service. When we are discussing strategy, analysis and business management in general, one term seems to presents itself as a unifying force of the entire process – metrics.

When you are measuring your ROI, your revenue stream, your entire cost structure in general, that fluctuation of resources starts painting a very simple picture. With every report that you receive, you are able to determine the possible issue in your business, or at least narrow the focus on the department in particular. You are able to find your weak spot.

So, which tools are you using regularly? Monitoring the right metrics, and staying on top of your every fluctuation, is the only reliable way of conducting a scalable business. Actual, real-time insight is what makes a successful business. But if you are one of the entrepreneurs who started their business with no previous planning, then you are probably not even aware of the many aspects that your company should cover in order to become a sustainable SME.

So let’s see what are the vital tools you’ll need for building and developing your business.

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building hybrid apps

The Do’s And Don’ts Of Developing HTML5 Hybrid Apps

0 comments / April 13, 2016

Editor’s note: This is a guest post by Nola Arney who is a senior developer at HTMLPanda

Today developers around the world are putting their efforts into creating applications that can be used on major mobile platforms like iOS, Windows, and Android for multiple web purposes. Apart from the general mobile apps, there is another popularized category of apps available on smartphones these days called Hybrid apps.

But first, let’s understand what these hybrid apps actually do and what they mean before digging into the process of identifying the do’s and don’ts of hybrid apps development.

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e-commerce website pushing visitors away

How Your E-Commerce Website Is Pushing Visitors Away

0 comments / April 11, 2016

Editor’s note: This is a guest post by budding entrepreneur Anurag Gupta.

There’s no doubt the e-commerce space is exploding all across the internet. New business owners who would have otherwise never tried to open a brick-and-mortar storefront are finding tremendous success online by catering to targeted customers looking for a particular product or service. Yet even in the world of online selling, presentation is everything. E-commerce website owners can push customers away just as traditional store owners do it through poor presentation.

In order to be successful online, the business owner’s website has to meet the needs of customers in a way that invites them to return in the future AND tell others about their experiences. Creating this kind of website is no accident. It requires a working knowledge of what experts refer to as the ‘user experience’.

A friendly and positive user experience includes a number of elements that should be built into the e-commerce website. The most important elements of an e-commerce website are:

  • Logical site structure and intuitive navigation
  • Descriptive copy for products and services
  • Speed (fast page load times)
  • Mobile and responsiveness
  • Payment method options.

If your site does not have these elements in place, it might very well be pushing visitors away. Do not take that chance. Address these five elements, making sure everything is in order to help you convert your traffic.

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challenges for young entrepreneurs

Top Challenges You’ll Face as a Young Entrepreneur

0 comments / April 6, 2016

Editor’s note: This is a guest post by Jill Phillips who is a freelance writer and aspiring entrepreneur.

As a young entrepreneur, you start a venture that can set you on course for a lifetime of fulfillment. Unfortunately, age can trigger societal stereotypes that try to make youth a liability rather than an asset. While dealing with conflicting social attitudes and other age-related resistance, you also have to face all the other pressures faced by anyone who wants to become an entrepreneur.

Your place in the business world depends on how you navigate the obstacles in your way. Rather than letting other people discourage you from reaching your goals, learn about what you should expect and get ready to rise above the fray. Begin by preparing yourself for the following seven challenges you might face as a young entrepreneur.

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e-commerce website security tips

7 Security Tips To Keep Your E-commerce Website Secure

0 comments / April 5, 2016

Editor’s note: This is a guest post by Dmytro Ternovyi who is an IT enthusiast and a passionate technology writer.

With the rise of mobile devices and the Internet of Things, the web is more and more central to our lives. For online businesses, that means more opportunities than ever before. Internet shopping is everywhere, and it’s not uncommon for customers to walk through a brick and mortar store, cell phone in hand, ready to comparison shop at their favorite online outlet.

It also means more opportunities than ever before for online criminals. All that juicy customer data draws them in like sharks, whether it’s full credit card numbers or just email addresses.

According to Symantec, the number of data breaches increases yearly, nearly doubling from 2012-2014. Cybercrime is an enormous industry, raking in many millions of dollars per year.

The public has noticed, too, after some very high-profile data breaches at large corporations. News coverage has brought the issue back into the public eye, which is good and bad for the e-commerce operator.

On one hand, informed users are less likely to be hacked. They will exercise good password practices, avoid clicking on phishing links, and generally be more aware of the potential dangers of the online marketplace.

On the other hand, informed users are very much on the lookout for evidence of unsecured sites. They are less likely to understand and forgive a breach, and will generally move right on to a competing site if they don’t feel safe.

Even a relatively minor breach can be devastating to customer confidence, and so security for e-commerce websites is on every online professional’s mind these days.

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creating a high converting landing page

13 Creative Elements of a Landing Page for Crazy Conversion

3 comments / April 4, 2016

Editor’s note: This is a guest post by Jabed Hasan who is a Digital Marketing Specialist at Mountnow

Creating a high converting landing page is not an easy task, and having an effective landing page for a website is crucial from a business perspective.

If a website has a high converting landing page, then it would generate leads or close more sales and the business will grow.

There is no thumb rule to follow to make a high converting landing page. The niche, the product or service you are offering, the target audience and many other factors will influence your chances of success or failure.

However, there are some common characteristics that you need to keep in mind while creating a landing page. By knowing them you can make your own compelling landing page.

The infographic below will help you to understand the 13 creative elements of a landing page.

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marketing to millenias in europe

6 Ways To Build Lasting Relationships With Your Modern European Customers

0 comments / March 31, 2016

Editor’s note: This is a guest post by Julius Pankoke who is a content contributor and start-up enthusiast.

Marketing is about relationships, and that’s not some revolutionary concept I came up with myself. It’s a simple truth all of us in marketing had to learn over the years. The days of just getting the customer to buy your product are long gone. It is more about establishing your brand.

People will only appreciate your brand if you manage to establish a relationship with them. In an effort to not become one among a thousand identical pieces about relationship marketing, we will take a look at a very specific target audience: modern Europeans.

So without further a due, here are six ways you can build a lasting relationship with your modern European customers.

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