{"id":145879,"date":"2020-09-03T07:58:32","date_gmt":"2020-09-03T14:58:32","guid":{"rendered":"https:\/\/oroinc.com\/b2b-ecommerce\/blog\/5-ecommerce-payment-trends-in-2020-and-beyond\/"},"modified":"2025-08-20T05:35:08","modified_gmt":"2025-08-20T12:35:08","slug":"5-ecommerce-payment-trends-in-2020-and-beyond","status":"publish","type":"post","link":"https:\/\/oroinc.com\/b2b-ecommerce\/blog\/5-ecommerce-payment-trends-in-2020-and-beyond\/","title":{"rendered":"5 eCommerce Payment Trends Shaping 2020 and Beyond"},"content":{"rendered":"<p><em>This post was contributed by\u00a0<span style=\"font-weight: 400;\"><a href=\"https:\/\/wholesomecommerce.com\/seo-content-writer\/\" target=\"_blank\" rel=\"noopener noreferrer\">Qhubekani Nyathi<\/a>.<\/span><\/em><\/p>\n<p><span style=\"font-weight: 400;\">This year, global eCommerce sales will reach an imposing <\/span><a href=\"https:\/\/www.statista.com\/statistics\/311357\/sales-of-e-commerce-worldwide-by-region\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">$3.9 trillion<\/span><\/a><span style=\"font-weight: 400;\"> U.S. dollars.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While this growth is music to the ears of B2B eCommerce brands and <\/span><a href=\"https:\/\/nikolaroza.com\/affiliate-marketing-pros-cons\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">affiliate marketers<\/span><\/a><span style=\"font-weight: 400;\"> it brings challenges. The eCommerce landscape is fluid. Keeping up can be tough. While businesses are coming to grips with the latest eCommerce tool, new technologies pop up every day.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Online customers have become moving targets. Slacken one bit and you miss them. This is apparent in online payments. Rapid technological changes and advancements have shaped how customers pay. Customers want fast, safe, and minimal friction checkout. Anything less and you risk losing them to competitors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To help you keep pace with the frenetic changes and satisfy your customers, you must come to grips with the latest eCommerce payment trends.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this post, we will look at 5 hot eCommerce payment trends in 2020 and beyond.<\/span><\/p>\n<h2>1. Mobile Commerce is rising.<\/h2>\n<p><span style=\"font-weight: 400;\">When mobile overtook desktops as the traffic driver back in 2015, people thought it was a fluke. But it\u2019s now clear it wasn\u2019t since more than half<\/span><span style=\"font-weight: 400;\"> of total eCommerce sales are expected to come from mobile devices by 2021.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Mobile commerce matters because most people shop via a search on a mobile device. <\/span><span style=\"font-weight: 400;\">JP Morgan<\/span><span style=\"font-weight: 400;\"> reported that mobile payments accounted for $282.8 billion of eCommerce sales.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-145880\" src=\"https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/method-of-ecommerce.png\" alt=\"method-of-ecommerce\" width=\"800\" height=\"455\" srcset=\"https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/method-of-ecommerce.png 800w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/method-of-ecommerce-720x410.png 720w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/method-of-ecommerce-760x432.png 760w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/method-of-ecommerce-768x437.png 768w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/method-of-ecommerce-360x205.png 360w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: center;\">[<a href=\"https:\/\/www.jpmorgan.com\/merchant-services\/insights\/reports\/united-states\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a>]<\/p>\n<h4><span style=\"font-weight: 400;\">Savvy brands maximize their earnings through <\/span><a href=\"https:\/\/shanebarker.com\/blog\/mobile-app-marketing-tools\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">mobile app marketing<\/span><\/a><span style=\"font-weight: 400;\"> tools.<\/span><\/h4>\n<h4>Pros:<span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Mobile commerce has many advantages which include:<\/span><\/p>\n<ul>\n<li><b>Massive growth potential<br \/>\n<\/b>All numbers show mobile commerce growth will continue. Brands that optimize for mobile purchases like eWallet will experience serious growth.<\/li>\n<li><b>Convenience<br \/>\n<\/b>Mobile shopping is perfect for consumers because they can shop:<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Wherever they want.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Whenever they want.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">However they want (through one-click buy-now buttons on Twitter, Pinterest, and Facebook.)<\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<li><b>Omnichannel<br \/>\n<\/b>Whether it\u2019s paying for goods using PayPal One Touch, Amazon Pay or shopping inside social media channels like Facebook or Twitter, or browsing a store\u2019s offerings, mCommerce caters for all those needs.<\/li>\n<\/ul>\n<h4>Cons: \u00a0<span style=\"font-weight: 400;\">\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Mcommerce has its drawbacks mainly due to:<\/span><\/p>\n<ul>\n<li><b>Varying global preferences<br \/>\n<\/b>Different areas in the world prefer certain payment solutions that your store may not support so you lose out on revenue.<\/li>\n<li><b>Perpetual updates<br \/>\n<\/b>You must always be on your toes because best practices are always changing. For instance, you lose customers if you don\u2019t optimize your store for speed.<\/li>\n<li><b>Security risks<br \/>\n<\/b>Mobile payments are prone to data breaches. Should you somehow compromise the info customers trust you with, you harm your brand beyond repair.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Despite its challenges, eCommerce will flourish well into the near future.<\/span><\/p>\n<h2>2. Sell globally, locally.<\/h2>\n<p><span style=\"font-weight: 400;\">A massive <\/span><a href=\"https:\/\/www.broadbandsearch.net\/blog\/internet-statistics\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">4.79<\/span><\/a><span style=\"font-weight: 400;\"> billion people use the internet globally. That&#8217;s a tremendous opportunity for brands to exploit and maximize profits. Your store must be a global-local brand and your payment solutions should reflect that.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Oberlo projects global eCommerce sales will balloon to <\/span><span style=\"font-weight: 400;\">$6.542<\/span><span style=\"font-weight: 400;\"> trillion by 2023.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-145882\" src=\"https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/global-ecommerce-sales.jpg\" alt=\"global-ecommerce-sales\" width=\"800\" height=\"425\" srcset=\"https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/global-ecommerce-sales.jpg 800w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/global-ecommerce-sales-720x383.jpg 720w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/global-ecommerce-sales-760x404.jpg 760w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/global-ecommerce-sales-768x408.jpg 768w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/global-ecommerce-sales-360x191.jpg 360w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: center;\">[<a href=\"https:\/\/www.oberlo.com\/statistics\/global-ecommerce-sales\/\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a>]<\/p>\n<p><span style=\"font-weight: 400;\">In keeping with the global outlook, customers expect online stores to:\u00a0<\/span><\/p>\n<ul>\n<li><b>Accept multiple currencies and global B2C and <a href=\"https:\/\/oroinc.com\/b2b-ecommerce\/blog\/b2b-ecommerce-payments-overview\/\">B2B payment methods<\/a>.<br \/>\n<\/b>Since shoppers from all over the world visit your online store, use an international gateway like PayPal or Stripe.<\/li>\n<li><b>Display pricing that accurately matches a user\u2019s geolocation.<br \/>\n<\/b>Use geolocation software to facilitate cross-border trading. The software automatically picks a shopper&#8217;s IP address and displays prices in their local currency, using real-time foreign exchange rates.<\/li>\n<li><b>Stay compliant in global tax complexities.<br \/>\n<\/b>Staying compliant with tax laws when you are selling across country lines can be tricky. Partner with a digital eCommerce platform that specializes in global financial transactions so they handle the different tax rates and ever-changing international laws.<\/li>\n<li><b>Push for flawless customer experience across the entire checkout process.<br \/>\n<\/b>No matter where your customers are in the world, they want one thing- a fast, smooth checkout experience with flexible payment options.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Today, more than ever, every store must have a global outlook to rake in the profits. Armed only with sharp <\/span><a href=\"https:\/\/jacobmcmillen.com\/how-to-become-a-copywriter\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">copywriting skills<\/span><\/a><span style=\"font-weight: 400;\"> and minimal capital, you can easily open a <a href=\"https:\/\/oroinc.com\/b2b-ecommerce\/what-is-b2b-ecommerce\/\" target=\"_blank\" rel=\"noopener noreferrer\">B2B eCommerce<\/a> store<\/span>\u00a0<span style=\"font-weight: 400;\">and become a global retailer.<\/span><\/p>\n<h2>3. Multi-channel is all-important.<\/h2>\n<p><span style=\"font-weight: 400;\">Today\u2019s buyer journey is no longer linear.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Customers can view a product on a mobile device, return for a second look using a laptop and finally buy on a desktop. That\u2019s three channels for a single purchase. And the line between online and offline shopping has become blurred. Customers can use mobile checkout in-store or buy online and pick up their goods in-store (BOPIS).<\/span><\/p>\n<h4>Pros<\/h4>\n<ul>\n<li><b>Leverage eCommerce marketplaces<br \/>\n<\/b>More and more retailers are taking advantage of the popularity of eCommerce marketplaces like Amazon and eBay by selling their products there. This not only allows you to reach a global market, but it also helps you sidestep complicated and ever-changing country tax laws. You don\u2019t burden your payment solution by trying to cater to many countries.<\/li>\n<li><b>More channels, more sales<br \/>\n<\/b>Since customers now buy on any channel or device, give them the chance to buy everywhere so you convert more. Fresh data from Invesp shows multi-channel shoppers spend <a href=\"https:\/\/www.invespcro.com\/blog\/multichannel-marketing\/\" target=\"_blank\" rel=\"noopener noreferrer\">3x more<\/a> than single-channel shoppers.<br \/>\nSelling on a variety of channels will attract new customers. If you sell on sites such as eBay or Amazon, a whole new audience emerges. Each channel will help expand your customer reach and generate a higher turnover.<\/li>\n<li><b>More channels, more data<br \/>\n<\/b>The more the channels customers use to buy, the more data you can collect about their shopping habits and preferences. You can then use this rich data to inform your marketing tactics and make more money.<\/li>\n<\/ul>\n<h4>Cons<b><\/b><\/h4>\n<ul>\n<li><b>Inventory management<br \/>\n<\/b>When your customers buy from multiple channels, keeping track of your stock can be a handful. But with agile inventory systems, it\u2019s doable.<\/li>\n<li><b>Marketing challenges<br \/>\n<\/b><b><span style=\"font-weight: 400;\">Selling on different channels is tricky. Each platform has its own rules and approach. Mastering the tactics of each channel isn\u2019t easy.<\/span><\/b><\/li>\n<li><b>Sky-high customer expectations<br \/>\n<\/b>Today\u2019s customers are finicky. They demand fast, smooth checkout, and 5-star support regardless of the channel they buy from. That\u2019s easier to do when you are selling on a single channel, but tougher to achieve on many platforms.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These days, you must set-up shop and be ready to transact on all your customers\u2019 favorite channels. Anything less and you\u2019ll leak sales.<\/span><\/p>\n<h2>4. Social payment apps are the in thing.<\/h2>\n<p><span style=\"font-weight: 400;\">Social media is part of the fabric of the modern lifestyle. According to <\/span><a href=\"https:\/\/www.broadbandsearch.net\/blog\/average-daily-time-on-social-media\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Broadband Search<\/span><\/a><span style=\"font-weight: 400;\">, people spend up to 2 hours and 24 minutes on social media on any day. It\u2019s no surprise that social media-based apps have taken off.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Social payment is a payment made between two people without them exchanging cash or bank details.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The leading social payment apps are Apple Pay, Venmo, Square Cash, and PayPal One Touch.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-145884\" src=\"https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/appl-payment.jpg\" alt=\"apple-payment\" width=\"800\" height=\"453\" srcset=\"https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/appl-payment.jpg 800w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/appl-payment-720x408.jpg 720w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/appl-payment-760x430.jpg 760w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/appl-payment-768x435.jpg 768w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/appl-payment-360x204.jpg 360w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<h4>Pros<span style=\"font-weight: 400;\"><br \/>\n<\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\"><b>Cashless<br \/>\n<\/b>You can transact without bulky hard cash.<\/li>\n<li style=\"font-weight: 400;\"><b>Painless<br \/>\n<\/b>Social apps are easy to use. You don\u2019t have to write a check or go to a long bank\/ATM queue.<\/li>\n<li style=\"font-weight: 400;\"><b>Free<\/b><br \/>\nMost social apps are free to use. You don\u2019t have to pay to play. Simply download and start transacting.<\/li>\n<li style=\"font-weight: 400;\"><b>Debit cards<br \/>\n<\/b>Users can have access to free debit cards.<\/li>\n<li><b>Investments<br \/>\n<\/b>You can buy stocks and trade in bitcoin using certain apps.<\/li>\n<li><b>Flexible<\/b><br \/>\nCustomers can use social payment apps both in-store or online.<\/li>\n<\/ul>\n<h4>Cons<\/h4>\n<ul>\n<li style=\"font-weight: 400;\"><b>Security<\/b><br \/>\nBecause social apps are fast-moving and personal, scammers can easily dupe people of their hard-earned cash.<\/li>\n<li style=\"font-weight: 400;\"><b>Localized <\/b><b><br \/>\n<\/b>Some apps only work locally so you can\u2019t send, request, or receive money across borders.<\/li>\n<li style=\"font-weight: 400;\"><b>Fees<\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Transaction charges can be as high as 3% if you want to send money through your credit card. Instant cash-out to your bank attracts a fee of 1% of the total.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/li>\n<li><b>Compatibility<\/b> <span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Shoppers can only use certain apps with particular devices e.g. Apple Pay Cash only works on Apple devices so you can\u2019t use it if you have an Android device.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Because of their convenience and ease-of-use, peer-to-peer (P2P) services are here to stay.<\/span><\/p>\n<h2>5. Data privacy now a focal point.<\/h2>\n<p><span style=\"font-weight: 400;\">With digital business booming, so have online criminal elements risen to get a piece of the cake. According to Security Boulevard businesses lost <\/span><a href=\"https:\/\/securityboulevard.com\/2020\/05\/the-definitive-cyber-security-statistics-guide-for-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">$3.5 billion<\/span><\/a><span style=\"font-weight: 400;\"> to cyber crimes in 2019.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a result, data privacy has come into sharper focus.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you want customers to have confidence in your business and trust you with their details, keep their private info under lock and key. If not, you may find yourself on the news for the wrong reasons like <\/span><a href=\"https:\/\/www.nytimes.com\/2018\/09\/28\/technology\/facebook-hack-data-breach.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Facebook<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h4>GDPR<\/h4>\n<p><span style=\"font-weight: 400;\">To protect its citizens and guide companies on how to collect, use, and share personal data, Europe adopted the General Data Protection Regulation (GDPR) in 2016. GDPR became operative in 2018.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, if you sell products and services to European consumers ensure you are GDPR compliant through:<\/span><\/p>\n<ul>\n<li><b>Transparency<br \/>\n<\/b>Tell customers you are collecting their data and how you will use it.<\/li>\n<li><b>Freedom<br \/>\n<\/b>Give customers the freedom to change or delete their data anytime.<\/li>\n<li><b>Data minimization<br \/>\n<\/b>Collect only data that\u2019s necessary to facilitate a transaction and no more.<\/li>\n<li><b>Confidentiality<br \/>\n<\/b>Take full measures to protect customer data from theft or loss.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">When processing payments balance between collecting delicate customer info and giving users a great user experience.<\/span><\/p>\n<h4>PSD2<\/h4>\n<p><span style=\"font-weight: 400;\">PSD2 is another set of regulations from the European Union.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-145886\" src=\"https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/regulatory-changes.png\" alt=\"regulatory-changes\" width=\"800\" height=\"359\" srcset=\"https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/regulatory-changes.png 800w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/regulatory-changes-720x323.png 720w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/regulatory-changes-760x341.png 760w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/regulatory-changes-768x345.png 768w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2025\/08\/regulatory-changes-360x162.png 360w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">[<\/span><a href=\"https:\/\/www.pwc.com\/it\/en\/industries\/banking\/assets\/docs\/psd2-nutshell-n03.pdf\"><span style=\"font-weight: 400;\">Source]<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">In a nutshell, PSD2 covers 3 major aspects:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Third-Party Providers (TPP) <span style=\"font-weight: 400;\">&#8211;<\/span><\/b><span style=\"font-weight: 400;\">\u00a0using an application user interface (API), banks must cooperate with TTP that want to collect account data to facilitate online payments.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Security <span style=\"font-weight: 400;\">&#8211;<\/span><\/b><span style=\"font-weight: 400;\">\u00a0shield consumers from attacks through multi-level Strong Customers Authentication (SCA) that are independent layers so a breach in one element does not affect others.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Fees and Surcharges <span style=\"font-weight: 400;\">&#8211;<\/span><\/b><span style=\"font-weight: 400;\">\u00a0your business must disclose all costs up front instead of using non-transparent pricing that hides extra costs in exchange rates on international payments.<\/span><\/li>\n<\/ul>\n<h4><b>CCPA\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Another law that seeks to protect consumer data privacy rights is <\/span><span style=\"font-weight: 400;\">The California Consumer Privacy Act (CCPA).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s a quick overview of what it covers.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Right to know <span style=\"font-weight: 400;\">&#8211;<\/span> <\/b><span style=\"font-weight: 400;\">consumers must be informed when their personal info is being collected.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Right to request disclosure <\/b><span style=\"font-weight: 400;\">&#8211; consumers can demand that companies show all data collected from them.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Right to request deletion <span style=\"font-weight: 400;\">&#8211;<\/span><\/b><span style=\"font-weight: 400;\">\u00a0customers can instruct companies to delete their data.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Right to opt-out <\/b><span style=\"font-weight: 400;\">&#8211; customers can bar companies from selling customer info to third parties.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Right to equal services and price <\/b><span style=\"font-weight: 400;\">&#8211; businesses mustn&#8217;t<\/span><span style=\"font-weight: 400;\"> discriminate against customers based on their choice to exercise their rights.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Right to sue <\/b><span style=\"font-weight: 400;\">&#8211; consumers can take legal action for civil damages in the case of a data breach.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In brief, these laws give consumers more control over their data and how brands use it. Your company must prioritize privacy and security in all your payment systems. Your security analytics and data protection game has to be up there.<\/span><\/p>\n<h2>eCommerce Payments: Fluid Yet Profitable<\/h2>\n<p><span style=\"font-weight: 400;\">Although it\u2019s hard to keep up with breakneck changes in online trade, eCommerce offers enormous benefits.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It has opened up the global market to retailers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Consequently, retailers can make more money, faster.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The plethora of payment methods means added convenience for shoppers so they spend more. Stores never close now because people can buy 24\/7 using the multiple payment options at their disposal.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Through flexible eCommerce payment systems, the whole world is always open for business.<\/span><\/p>\n<p><strong>About the author<\/strong><\/p>\n<p><em><span style=\"font-weight: 400;\">According to his cheeky wife, Qhubekani Nyathi aka The Click Guy is irresistibly handsome. He\u2019s an offbeat Digital Marketer certified <\/span><a href=\"https:\/\/wholesomecommerce.com\/seo-content-writer\/\"><span style=\"font-weight: 400;\">SEO copywriter<\/span><\/a><span style=\"font-weight: 400;\"> who writes zingy long-form content that ranks, drives massive traffic, and leads for B2B SaaS and marketing companies. He contributes to prestigious blogs like Search Engine Watch, Crazy Egg, Smart Blogger, Get Response, and more.<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This post was contributed by\u00a0Qhubekani Nyathi. This year, global eCommerce sales will reach an imposing $3.9 trillion U.S. dollars. While this growth is music to the ears of B2B eCommerce brands and affiliate marketers it brings challenges. The eCommerce landscape is fluid. Keeping up can be tough. While businesses are coming to grips with the [&hellip;]<\/p>\n","protected":false},"author":44013,"featured_media":145888,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"footnotes":""},"categories":[210],"tags":[],"class_list":{"0":"post-145879","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-b2b-ecommerce"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>5 eCommerce Payment Trends Shaping 2020 and Beyond<\/title>\n<meta name=\"description\" content=\"Your success in eCommerce demands you understand the needs and payment preferences of your customers. 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