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Consumer electronics trends, payment methods, and security

Consumer electronics trends, payment methods, and security

Consumer electronics trends, payment methods, and security

Consumer electronics trends, payment methods, and security

The consumer electronics industry can be challenging – and competitive. Discover the latest website trends and payment tips to help you excel.

The consumer electronics industry can be challenging – and competitive. Discover the latest website trends and payment tips to help you excel.

Ecommerce-tips

Mar 26, 2024

Johnnie Norton

Sales Lead UK

There are many challenges in the consumer electronics industry. You need to keep up with the latest product innovations, fast-changing technology, and your competitors.

To make life simpler, there are two key things to focus on. One is creating a great online store that makes it easy to find and buy products. The other is offering an exceptional online payment experience that makes customers feel confident when making a purchase.

In this article, we share tips on these two critical factors to help you drive sales and growth.

There are many challenges in the consumer electronics industry. You need to keep up with the latest product innovations, fast-changing technology, and your competitors.

To make life simpler, there are two key things to focus on. One is creating a great online store that makes it easy to find and buy products. The other is offering an exceptional online payment experience that makes customers feel confident when making a purchase.

In this article, we share tips on these two critical factors to help you drive sales and growth.

There are many challenges in the consumer electronics industry. You need to keep up with the latest product innovations, fast-changing technology, and your competitors.

To make life simpler, there are two key things to focus on. One is creating a great online store that makes it easy to find and buy products. The other is offering an exceptional online payment experience that makes customers feel confident when making a purchase.

In this article, we share tips on these two critical factors to help you drive sales and growth.

There are many challenges in the consumer electronics industry. You need to keep up with the latest product innovations, fast-changing technology, and your competitors.

To make life simpler, there are two key things to focus on. One is creating a great online store that makes it easy to find and buy products. The other is offering an exceptional online payment experience that makes customers feel confident when making a purchase.

In this article, we share tips on these two critical factors to help you drive sales and growth.

How to optimise online payments in consumer electronics

We said that offering an exceptional online payment experience is crucial in the consumer electronics industry. And to do that you need to work with the right payment system.


  1. High average order value (AOV)

Consumer electronics are generally more expensive than other product categories. This means that the average transaction value for online purchases can be quite high. You need to work with a payment solution that can handle these higher transaction amounts and provide a seamless checkout experience.


  1. Fraud prevention

Given the high resale value of many electronic products, the consumer electronics industry is a prime target for fraudsters. So, your payment provider must offer you robust fraud prevention tools that protect both you and your customers.


  1. International sales and currency support

Are you selling across borders? If you do, then you need to offer your customers in each market their preferred payment methods. These can be major methods like PayPal or cards, or local favourites like iDEAL in the Netherlands or Bancontact in Belgium. Your checkout should also automatically display the right currency and language in each market. 

A good payment solution should help you easily offer a conversion-optimised checkout that does all this and more. 


  1. Flexible payment options

Because consumer electronics can be expensive, offering different payment methods that give more flexibility to shoppers is essential. This might be credit card payments or buy now, pay later options that help customers pay for goods at a later date. 


  1. Integration with ecommerce platforms

Many consumer electronics sellers use online stores such as Shopify, WooCommerce, or Magento. Your payment provider should easily connect with these platforms to help make buying straightforward and give customers a seamless checkout experience.


  1. Responsive customer support

When you’re selling expensive goods, you don’t want any issues disrupting your payments and sales. And you don’t want to deliver bad experiences to your customers. 

So, you need a payment provider that offers reliable service with no outages. And one that you know you can talk to in minutes, rather than days. Settling for anything less could hurt your business.

We said that offering an exceptional online payment experience is crucial in the consumer electronics industry. And to do that you need to work with the right payment system.


  1. High average order value (AOV)

Consumer electronics are generally more expensive than other product categories. This means that the average transaction value for online purchases can be quite high. You need to work with a payment solution that can handle these higher transaction amounts and provide a seamless checkout experience.


  1. Fraud prevention

Given the high resale value of many electronic products, the consumer electronics industry is a prime target for fraudsters. So, your payment provider must offer you robust fraud prevention tools that protect both you and your customers.


  1. International sales and currency support

Are you selling across borders? If you do, then you need to offer your customers in each market their preferred payment methods. These can be major methods like PayPal or cards, or local favourites like iDEAL in the Netherlands or Bancontact in Belgium. Your checkout should also automatically display the right currency and language in each market. 

A good payment solution should help you easily offer a conversion-optimised checkout that does all this and more. 


  1. Flexible payment options

Because consumer electronics can be expensive, offering different payment methods that give more flexibility to shoppers is essential. This might be credit card payments or buy now, pay later options that help customers pay for goods at a later date. 


  1. Integration with ecommerce platforms

Many consumer electronics sellers use online stores such as Shopify, WooCommerce, or Magento. Your payment provider should easily connect with these platforms to help make buying straightforward and give customers a seamless checkout experience.


  1. Responsive customer support

When you’re selling expensive goods, you don’t want any issues disrupting your payments and sales. And you don’t want to deliver bad experiences to your customers. 

So, you need a payment provider that offers reliable service with no outages. And one that you know you can talk to in minutes, rather than days. Settling for anything less could hurt your business.

We said that offering an exceptional online payment experience is crucial in the consumer electronics industry. And to do that you need to work with the right payment system.


  1. High average order value (AOV)

Consumer electronics are generally more expensive than other product categories. This means that the average transaction value for online purchases can be quite high. You need to work with a payment solution that can handle these higher transaction amounts and provide a seamless checkout experience.


  1. Fraud prevention

Given the high resale value of many electronic products, the consumer electronics industry is a prime target for fraudsters. So, your payment provider must offer you robust fraud prevention tools that protect both you and your customers.


  1. International sales and currency support

Are you selling across borders? If you do, then you need to offer your customers in each market their preferred payment methods. These can be major methods like PayPal or cards, or local favourites like iDEAL in the Netherlands or Bancontact in Belgium. Your checkout should also automatically display the right currency and language in each market. 

A good payment solution should help you easily offer a conversion-optimised checkout that does all this and more. 


  1. Flexible payment options

Because consumer electronics can be expensive, offering different payment methods that give more flexibility to shoppers is essential. This might be credit card payments or buy now, pay later options that help customers pay for goods at a later date. 


  1. Integration with ecommerce platforms

Many consumer electronics sellers use online stores such as Shopify, WooCommerce, or Magento. Your payment provider should easily connect with these platforms to help make buying straightforward and give customers a seamless checkout experience.


  1. Responsive customer support

When you’re selling expensive goods, you don’t want any issues disrupting your payments and sales. And you don’t want to deliver bad experiences to your customers. 

So, you need a payment provider that offers reliable service with no outages. And one that you know you can talk to in minutes, rather than days. Settling for anything less could hurt your business.

We said that offering an exceptional online payment experience is crucial in the consumer electronics industry. And to do that you need to work with the right payment system.


  1. High average order value (AOV)

Consumer electronics are generally more expensive than other product categories. This means that the average transaction value for online purchases can be quite high. You need to work with a payment solution that can handle these higher transaction amounts and provide a seamless checkout experience.


  1. Fraud prevention

Given the high resale value of many electronic products, the consumer electronics industry is a prime target for fraudsters. So, your payment provider must offer you robust fraud prevention tools that protect both you and your customers.


  1. International sales and currency support

Are you selling across borders? If you do, then you need to offer your customers in each market their preferred payment methods. These can be major methods like PayPal or cards, or local favourites like iDEAL in the Netherlands or Bancontact in Belgium. Your checkout should also automatically display the right currency and language in each market. 

A good payment solution should help you easily offer a conversion-optimised checkout that does all this and more. 


  1. Flexible payment options

Because consumer electronics can be expensive, offering different payment methods that give more flexibility to shoppers is essential. This might be credit card payments or buy now, pay later options that help customers pay for goods at a later date. 


  1. Integration with ecommerce platforms

Many consumer electronics sellers use online stores such as Shopify, WooCommerce, or Magento. Your payment provider should easily connect with these platforms to help make buying straightforward and give customers a seamless checkout experience.


  1. Responsive customer support

When you’re selling expensive goods, you don’t want any issues disrupting your payments and sales. And you don’t want to deliver bad experiences to your customers. 

So, you need a payment provider that offers reliable service with no outages. And one that you know you can talk to in minutes, rather than days. Settling for anything less could hurt your business.

Why your webshop performance is vital (and how to optimise it)

What’s your most important sales channel? Is it your site? Or maybe even a marketplace like Amazon or eBay? When it comes to selling online, there’s many different ways to do it. 

But, competition is increasing. So, you need to make sure your store and products – whether on your site or elsewhere – are attracting and converting shoppers. Here, we share tips to help.

Start selling on marketplaces

Online marketplaces are truly powerful sales platforms. They offer great visibility, allowing you to reach a wide audience of potential customers. Don’t forget that on marketplaces, pricing is crucial.

Be flexible

Boost sales by offering your customers a service tailored to their needs. Think about where you can add value to their experience, for example offering speedy delivery times, a flexible returns policy, or even a loyalty programme for repeat customers. Making your customers feel special is a great way to drive recurring revenue.

Don’t put all your eggs online (or in-store)

Nowadays, it can be difficult to rely on a traditional brick-and-mortar store to act as your only sales platform. So, adding an online offering can attract new customers and diversify your sales channels. Plus, launching an online offering doesn’t always require huge financial resources.

What’s your most important sales channel? Is it your site? Or maybe even a marketplace like Amazon or eBay? When it comes to selling online, there’s many different ways to do it. 

But, competition is increasing. So, you need to make sure your store and products – whether on your site or elsewhere – are attracting and converting shoppers. Here, we share tips to help.

Start selling on marketplaces

Online marketplaces are truly powerful sales platforms. They offer great visibility, allowing you to reach a wide audience of potential customers. Don’t forget that on marketplaces, pricing is crucial.

Be flexible

Boost sales by offering your customers a service tailored to their needs. Think about where you can add value to their experience, for example offering speedy delivery times, a flexible returns policy, or even a loyalty programme for repeat customers. Making your customers feel special is a great way to drive recurring revenue.

Don’t put all your eggs online (or in-store)

Nowadays, it can be difficult to rely on a traditional brick-and-mortar store to act as your only sales platform. So, adding an online offering can attract new customers and diversify your sales channels. Plus, launching an online offering doesn’t always require huge financial resources.

What’s your most important sales channel? Is it your site? Or maybe even a marketplace like Amazon or eBay? When it comes to selling online, there’s many different ways to do it. 

But, competition is increasing. So, you need to make sure your store and products – whether on your site or elsewhere – are attracting and converting shoppers. Here, we share tips to help.

Start selling on marketplaces

Online marketplaces are truly powerful sales platforms. They offer great visibility, allowing you to reach a wide audience of potential customers. Don’t forget that on marketplaces, pricing is crucial.

Be flexible

Boost sales by offering your customers a service tailored to their needs. Think about where you can add value to their experience, for example offering speedy delivery times, a flexible returns policy, or even a loyalty programme for repeat customers. Making your customers feel special is a great way to drive recurring revenue.

Don’t put all your eggs online (or in-store)

Nowadays, it can be difficult to rely on a traditional brick-and-mortar store to act as your only sales platform. So, adding an online offering can attract new customers and diversify your sales channels. Plus, launching an online offering doesn’t always require huge financial resources.

What’s your most important sales channel? Is it your site? Or maybe even a marketplace like Amazon or eBay? When it comes to selling online, there’s many different ways to do it. 

But, competition is increasing. So, you need to make sure your store and products – whether on your site or elsewhere – are attracting and converting shoppers. Here, we share tips to help.

Start selling on marketplaces

Online marketplaces are truly powerful sales platforms. They offer great visibility, allowing you to reach a wide audience of potential customers. Don’t forget that on marketplaces, pricing is crucial.

Be flexible

Boost sales by offering your customers a service tailored to their needs. Think about where you can add value to their experience, for example offering speedy delivery times, a flexible returns policy, or even a loyalty programme for repeat customers. Making your customers feel special is a great way to drive recurring revenue.

Don’t put all your eggs online (or in-store)

Nowadays, it can be difficult to rely on a traditional brick-and-mortar store to act as your only sales platform. So, adding an online offering can attract new customers and diversify your sales channels. Plus, launching an online offering doesn’t always require huge financial resources.

Maximise your sales with Mollie

Using our payment solution allows you to accept more than 25 payment methods, including major card schemes and localised European methods. We’ll also help you offer a seamless checkout page that drives conversions, and provide a range of other benefits that simplify doing business and increase sales.

Sign up to Mollie and you also get: 

  • Improved conversion with direct checkout and Mollie Components

  • Seamless chargebacks, re-orders, and cancellations

  • Access to the Mollie App and Dashboard

  • Support from expert, multilingual teams across Europe

  • Advanced fraud prevention tooling with Acceptance & Risk

Find out more about payments with Mollie.

Using our payment solution allows you to accept more than 25 payment methods, including major card schemes and localised European methods. We’ll also help you offer a seamless checkout page that drives conversions, and provide a range of other benefits that simplify doing business and increase sales.

Sign up to Mollie and you also get: 

  • Improved conversion with direct checkout and Mollie Components

  • Seamless chargebacks, re-orders, and cancellations

  • Access to the Mollie App and Dashboard

  • Support from expert, multilingual teams across Europe

  • Advanced fraud prevention tooling with Acceptance & Risk

Find out more about payments with Mollie.

Using our payment solution allows you to accept more than 25 payment methods, including major card schemes and localised European methods. We’ll also help you offer a seamless checkout page that drives conversions, and provide a range of other benefits that simplify doing business and increase sales.

Sign up to Mollie and you also get: 

  • Improved conversion with direct checkout and Mollie Components

  • Seamless chargebacks, re-orders, and cancellations

  • Access to the Mollie App and Dashboard

  • Support from expert, multilingual teams across Europe

  • Advanced fraud prevention tooling with Acceptance & Risk

Find out more about payments with Mollie.

Using our payment solution allows you to accept more than 25 payment methods, including major card schemes and localised European methods. We’ll also help you offer a seamless checkout page that drives conversions, and provide a range of other benefits that simplify doing business and increase sales.

Sign up to Mollie and you also get: 

  • Improved conversion with direct checkout and Mollie Components

  • Seamless chargebacks, re-orders, and cancellations

  • Access to the Mollie App and Dashboard

  • Support from expert, multilingual teams across Europe

  • Advanced fraud prevention tooling with Acceptance & Risk

Find out more about payments with Mollie.

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Table of contents

Table of contents

Table of contents

How to optimise online payments in consumer electronics

Why your webshop performance is vital (and how to optimise it)

Maximise your sales with Mollie

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MollieGrowthConsumer electronics trends, payment methods, and security
MollieGrowthConsumer electronics trends, payment methods, and security