The Payment Source Blog

Set yourself up to have a highly successful end of 2022 by adding a Prepaid Program with the widest selection of Gift Cards/Prepaid Cards to your store. A Prepaid Program provides the perfect holiday shopping solution for your customers. Adding one will help your retail store see more foot traffic, gain new consumers, and benefit from increased loyalty.

We are a few weeks away from the Atlantic Convenience Expo in Halifax. This show is a great place to network and can help retailers make those important business connections to grow their business.

With the trend towards most consumers shopping online today, retail networks which offer their customers the option for prepaid alternative payments will realize increased foot traffic, customer loyalty and the added benefits of a commission on each transaction. Alternative Payment Methods also allow retailers without an e-commerce platform to participate in the online shopping world. 

Ecommerce sales — online shopping, esports, online gaming and other internet activities — continue to experience accelerated growth in Canada. Stores can reap the benefits of this trend by offering their customers products and services to help them easily make these types of purchases.

There has been a shift in the way consumers like to shop. More people than ever before are shopping online and projections show that e-commerce will continue to grow (see source). This shift towards e-commerce was highly accelerated by COVID-19 as lockdowns were put in place and many people chose the safety and convenience of online shopping (see source). This forced many businesses to adapt and take part in the digital space in order to meet their consumers' needs.