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How your Australian broker can help educate you in the forex markets

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Forex trading is a global phenomenon, with traders worldwide buying and selling different currencies to earn money. But did you know that you can trade forex right from your laptop or smartphone, no matter where in the world you are?

Trading currencies is a great way to make some extra money on the side or even to replace your current income. To get started in the forex market, you’ll need the best Australian broker who can help you buy and sell currencies. In Australia, many brokers can offer you this service.

What is forex, and why do people trade it?

It’s buying and selling different currencies to make a profit. The forex market is the largest financial market in the world, with a daily turnover of more than $5 trillion. That’s more than three times the size of the stock market! Because of its size, forex trading offers some unique advantages.

For example, forex markets are open 24 hours a day, so you can trade whenever possible. There is also a lot of liquidity in the forex market, so buyers and sellers are always available to trade with you. It makes it easy to enter and exit trades quickly. And finally, because forex trading is done online, you can trade from anywhere in the world.

How does forex trading work?

When you buy a currency, you are essentially betting it will increase in value relative to another currency. For example, if you buy the EUR/USD currency pair, you are betting that the Euro will increase in value relative to the US Dollar. If your prediction comes true, you will make a profit; if it doesn’t, you will lose money.

It’s important to remember that forex prices are constantly changing. It is because currencies are traded in pairs, and each currency’s value constantly fluctuates relative to the other currency in the pair. As a result, forex prices are constantly moving up and down. It is why it’s essential to have a broker who can help you make the best possible trades.

How does the Australian broker help educate traders in the markets?

There are several ways in which the Australian broker can help educate traders in the markets. One way is by providing access to educational resources. For example, most brokers offer video tutorials and webinars that can teach you about forex trading. In addition, many brokers also have blogs or articles that provide valuable insights into the forex market.

Another way brokers can help educate traders is by providing them with real-time market analysis. It includes things like help you identify trends in the market. It also includes fundamental analysis, which looks at economic news and events to predict future price movements. Your broker can help you make more informed trading decisions by providing you with this information.

So, if you’re looking to get started in the forex market, choose a broker who can help educate you about the market. By doing so, you’ll be better equipped to make profitable trades.

How can you start trading forex through your Australian broker’s education program?

If you’re interested in starting with forex trading, your first step should be choosing a broker. As we mentioned above, several brokers can offer you this service. Once you’ve chosen a broker, you’ll need to open an account and deposit some money.

When choosing a broker, it’s essential to do your research. Make sure to read reviews and compare different brokers before making your decision. In addition, be sure to ask about the broker’s education program. By doing so, you’ll be sure to choose a broker who can help you learn about the forex market and make profitable trades.

What are some of the risks associated with trading in the forex markets, and how can you reduce them?

Before you start trading in the fx market, it’s essential to understand the risks involved. One of the most significant risks is that of currency fluctuations. This means that the value of a currency can change rapidly, and you could lose money if you’re not careful. If you want to reduce this risk, it’s essential to trade with a stop-loss order in place, and it will help limit your losses if the market moves against you.

In addition, it’s also important to be aware of political and economic events that could affect the value of a currency. For example, if a country’s government announces plans to print more money, this could cause inflation and decrease the value of its currency. As such, it’s crucial to stay up-to-date on current events so that you can make informed trading decisions.

The Most Important Factors in Choosing a Forex Trading Broker

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When it comes to forex trading, there are a lot of things that you need to take into consideration to be successful. One of the essential factors in choosing a broker that is right for you, and with so many different brokers, knowing which one to choose can be challenging. So check out https://www.fxsinergi.com/.

Here are some of the most important factors to consider when choosing a forex trading broker:

1. Regulation

Regulation is one of the most important factors to consider when choosing a forex trading broker. Ensure that the broker you are considering is regulated by a reputable organization such as the Financial Conduct Authority (FCA) in the UK or the Commodity Futures Trading Commission (CFTC) in the US.

2. Fees

Another essential factor to consider is fees. Some brokers will charge you a commission on each trade, while others will add a spread to the price of the currency pairs you are trading. Make sure you compare the fees charged by different brokers before deciding.

3. Platforms and tools

Another thing to look at is a broker’s platforms and tools. Most brokers will offer a trading platform, but some offer more advanced platforms with additional features and tools. Check out the platform and see if it has everything you need to trade effectively.

4. Customer service

Make sure you consider the customer service offered by the broker. Things can go wrong when you are trading, so it is crucial to have someone you can contact if you need help. Check out the customer service options offered by the broker and make sure they are available in your time zone.

5. Deposit and withdrawal options

Make sure you check out the deposit and withdrawal options offered by the broker. Some brokers only offer a few options, while others offer a wide range. Make sure you choose a broker that offers the deposit and withdrawal methods that are convenient for you.

6. Bonus offers

Some brokers offer bonus offers to new clients. While these offers can be tempting, read the terms and conditions carefully before accepting any offer. Bonus offers can sometimes be difficult to withdraw, so understand the conditions before accepting an offer.

7. Overall reputation

Ensure you take the time to research the overall reputation of the broker. Check out online forums and see what other people say about the broker. Make sure you choose a broker that has a good reputation and is known for being reliable.

8. Country of origin

Make sure you check the country of origin for the broker you are considering. Some countries have stricter regulations than others. For example, brokers based in the UK are subject to more stringent regulations than those based in other countries.

9. Minimum deposit

Make sure you check the minimum deposit required by the broker. Some brokers have a high minimum deposit, while others have a low minimum deposit. Make sure you choose a broker that has a minimum deposit that you are comfortable with.

10. Leverage

Make sure you check the leverage offered by the broker. Leverage allows you to trade with more money than you have in your account. While this can lead to higher profits, it can also lead to more considerable losses. Before choosing a broker, ensure you understand the risks associated with leveraged trading.

11. Demo account

A demo account allows you to test the broker’s platform and see if it is right for you. Make sure the broker you are considering offers a demo account so you can try out their platform before making a deposit.

These are just a few of the most important factors when choosing a forex trading broker. Make sure you take your time and choose a broker that is right for you.

WHAT ARE THE WAYS IN WHICH A CREDIT COUNSELLOR CAN HELP

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Whenever we are struggling with something, we always turn to the experts for help. Why shouldn’t we do that when we are struggling with our finances? York Credit services has provided their clients with the best befitting financial solutions, that has helped them to live a more financially stable and stress-free life. You can reach out to them on their facebook page: https://www.facebook.com/YorkCredit. Their credit counsellors would be happy to help you. They understand that every person has a unique financial situation. Based on that, they help you to find solutions that would be best suited to you and your goals. If you don’t know how a credit counsellor from York Credit Services can help you, following are just some of the ways.

Comprehensive Assessment of Financial Situation

Before York Credit Services can help you out, they need to have a comprehensive understanding of what the situation looks like. The counsellors will sit with you and run through your income, expenses, assets and debts. Once they have a clear picture of what your finances look like, they would be able to help you to find ways to increase the savings. This will be done by providing you various debt consolidation options.

Curating Repayment options

As the situation is unique, the solution also needs to be unique. To make the process less daunting, York Credit Services will provide you with various debt consolidation plans. As the counsellors don’t believe in limiting the options, it becomes easier to handle debt. Another reason behind laying multiple options is to help you to handle the debt without having to file for bankruptcy. When struggling with debt, we often worry that we would have to file for bankruptcy.

Developing a Management program

Getting the finances back on track is not an overnight event. It needs to be planned and actions need to be taken. Planning properly will help you to save more and decrease the debt. The counsellors at York Credit Services will curate a plan that will influence your spending habits. They design the plan in such a way that it will help you to maintain a comfortable lifestyle that will encourage saving more. The program will be designed to help you to manage all the bills and living expenses.

Working towards reducing the interest

Delayed payment leads to more stress. It will increase the interest rate and followed by constant calls and follow from the creditors. Increased interest means paying more than what was initially planned. This can take a toll on the savings. York Credit Services will review the options available to you, it will enable you to save as much as possible on the interest rate.

Rebuilding the credit rate

When the credit rate is low, it can significantly limit your options of borrowing. Along with that, it can increased the payment rate. Rebuilding the credit score becomes essential. York Credit Services will help you to do that. This can be done by managing the budget better, so you are able to save more. More saving means, getting out of debt.

The most successful penny stocks from the UK

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The United Kingdom is a hotbed of activity regarding penny stocks. Numerous penny stocks have seen tremendous success in the UK, and we will explore some of the most successful ones. We’ll look at what makes these stocks so successful and why investors should consider taking a closer look at them.

What are penny stocks, and how do they work?

Penny stocks are shares of small companies that trade at a low price. They are typically valued at under $5 and can be as low as 1 cent per share. They are not traded on big exchanges like the New York Stock Exchange (NYSE) or the Nasdaq but rather on over-the-counter (OTC) markets. Because they are not highly regulated, penny stocks are considered a high-risk investment. Due to their low price, penny stocks are often subject to pump and dump schemes, in which unscrupulous traders artificially inflate the price of a stock to sell it at a higher price.

The benefits of investing in penny stocks

One of the most significant benefits of penny stocks is that they tend to be much cheaper than their blue-chip counterparts, and this means that investors can build up a prominent position without tying up a lot of capital. Penny stocks tend to be much less well known than blue-chip stocks, which means that there is often more upside potential if the company succeeds.

Finally, penny stocks tend to be much more volatile than blue-chip stocks, providing the opportunity for greater profits—if timed correctly. For these reasons, penny stocks can be an attractive investment for those willing to take on a bit more risk.

The most successful penny stocks from the UK

Ascent Resources plc (LSE: AST)

Ascent Resources is a UK-based exploration and production company with a focus on coal bed methane in the country of Slovenia. The firm’s shares have been on a tear in recent years, increasing from just 1 penny per share in 2016 to over 80 pence per share as of 2019. This incredible run has been fuelled by strong operational results, including successfully drilling several high-impact wells.

In addition, the Slovenian government recently approved Ascent’s development plan for its Petisovci field, which is one of the largest undeveloped coal bed methane fields in Europe. Ascent Resources is still a relatively small company with a market capitalisation of £85 million. However, with a solid asset base and a bright future, it is one of the most successful penny stocks in the UK.

Amur Minerals Corporation (LSE: AMC)

Amur Minerals Corporation is an exploration and development company focused on its Kun-Manie nickel-copper-cobalt project in Russia’s Far East region. In recent years, the company’s shares have been on a roller coaster ride but have still generated impressive returns for investors. After hitting a low of just 4 pence per share in 2016, the stock has rebounded and is now trading at around 15 pence per share. This rebound has been driven by strong operational results, including completing a successful feasibility study for the Kun-Manie project.

With a market capitalisation of £40 million, Amur Minerals is considered a small company that has seen tremendous success in recent years. With a high-quality asset and a favourable operating environment, the company is well-positioned for continued success.

Kibo Energy plc (LSE: KIBO)

Kibo Energy is an Africa-focused energy company with coal, hydro, and thermal power projects portfolio. After hitting a low of just 3 pence per share in 2016, the stock has doubled to around 7 pence per share. This rebound has been driven by strong operational results, including completing a feasibility study for its Mbeya coal-to-power project in Tanzania.

With a market capitalisation of £85 million, Kibo Energy is another small company that has seen success in recent years.

e-Therapeutics plc (LSE: ETX)

E-Therapeutics is a UK-based biotechnology company developing new drugs to treat cancer and other diseases. In recent years, the company’s shares have been volatile but have still generated healthy returns for investors. After hitting a low of just 6 pence per share in 2016, the stock has doubled to its current price of around 14 pence per share. This rebound has been driven by strong operational results, including completing the Phase II clinical trial for its lead drug candidate.

With a market capitalisation of £75 million, e-Therapeutics is another small company that has been enjoying success in the past few years.

Start trading penny stocks

There are a variety of penny stocks that interested traders can get into to diversify their portfolio. For those interested in these stocks and stock trading in general, you can check it out here.

WHEN SHOULD YOU CONSIDER TAKING A MORTGAGE FROM A B LENDER?

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Taking a mortgage is never easy, especially when you are approaching a traditional lender like the bank. If you are someone who has a bad credit score or has an untraditional income, then there are high chances of you not being approved for the mortgage. If you are looking for a quick financing option, then you know you need to look at other avenues. B lenders are one of the best ways to get a quick mortgage. However, the awareness regarding this type of mortgage is lesser. Each lender has a different offer. It is best to reach out to a Certified Mortgage Broker who will help you to get the best deal possible. Here are some of the instances when you should consider approaching a B lender for your mortgage 

Poor Credit Score

When you are planning to take a mortgage, your credit score has a crucial role to play. The credit score is reflective of your ability to handle your credit. Various factors impact your credit score like the duration of the credit, the ability to keep up with the payment, payments you’ve missed, any debts to a collection agency, defaulted loans and existing balance. Private and traditional lenders both look into your credit score before they make a decision about giving you a mortgage or not. When you have a low credit score, it can prevent you from getting a loan from A lenders. However, you don’t face this problem with a B lender. The mortgage that you would be taking would have a higher interest rate. The B lenders consider the value of the collateral before they give you a mortgage.

Source of Income

With traditional loans, there are extremely strict rules in place about the kind of employment the individual should have. They go through the tax returns of the last two years and see your financial statements so that you can prove that you are earning as much as you are stating. With B lenders, no such problems arise. Even if you have been employed for less than two years or have alternative sources of income that would help you to repay your mortgage, they would still provide you with the mortgage. The borrowers who rely on commission-based salaries can also easily get a mortgage from a B lender.

Reach out to Certified Brokers

Taking financial decisions can be very daunting. Especially when you are planning to take a mortgage. There are several calculations that you need to do. As all Lenders have different rules, you need to get a possible deal. It is always best to reach out to a Certified Mortgage Broker. They have all the necessary contacts and they will help you to get the best possible deal. When you have a trusted broker, you know they will help you to make the right decisions. They will answer all the questions that you might have. The broker should work with you to make the process easier and less overwhelming.

 Checklist before buying a plot in India

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Buying a plot is much more complicated than buying a flat in India. The plot has much more legal hurdles and disputes related to the clear titles, ownership, and legal disputes related to the plot. Thus while buying a plot, the buyer should be more careful while making a purchase and should keep a check on the legal disputes more carefully before buying the plot. The home loans are approved only for plots that fall under the municipal jurisdiction or the ones in smaller towns under Nagar-Parishad. Bank does not approve loans for the purchase of the plots at an isolated place and the ones far away from the city. The loans are also approved for the plots at the tourist spots that fall under municipal jurisdiction like Lonavala, major cities in Goa, Darjeeling, Mysore, or Pondicherry. Etc. The plots should be amongst the non-agricultural NA ones for the approval of loans. Also, the plots should be away from the coastal regulatory zone. The plot should have proper fencing of the ownership of the plotted area only. While purchasing, it is necessary to measure the area of the plot before the purchase.

The prices of the property are far higher than that of the plots. The plots can either be purchased from the individual owner of the plot, from the government authorities or else from the real estate developer who buys a large parcel of land and then creates the NA plots for the buyers to purchase of the smaller size ones either to develop a farmhouse or else to construct a house. The plot price can be decided as per the prevailing rates going on in the markets, or else the government decides the ready-reckoned prices. The ready-reckoned prices are decided by the government as the minimum transaction value, which is decided by the government as per the value of the property. The ready reckoned value is the minimum value that needs to be shown for the property registration. If it is a controversial one, the plot can land the buyer into a major financial mess and may take a long time to fight the court battle and get justice in India. Thus the buyer should be careful while buying the plot at any place across India.

Checklist while purchasing the plot:

  • Legal restrictions or barriers while purchasing:

There are some legal restrictions as well which need to be checked while purchasing a property. Like being a citizen of India, the individual is not entitled to buy the plot anywhere across India. To protect the rights of the local people, there have been some restrictions being put on the purchase of land by outsiders. Like in the states of Jammu & Kashmir, Himachal Pradesh & Uttarakhand, only the local citizens of that particular state can buy the properties. Outside state residents are restricted from the purchase of the land in their jurisdictions.

  • Loan approval for the plots:

The terms & conditions being applicable for the approval of the home loan are similar to that of the plot purchase. The bank approves the loans for the plots which fall under the municipal jurisdictions only. Also, the places should be free from any disputes amongst the owners who are sellers of the property and should be amongst the non-agricultural land only. The loans can be rejected in case of any legal hurdles being found in the plot. Banks are more cautious about approving loans for the plots compared to the flats as the chances of legal disputes are high in the case of the land.

  • Ownership of the land:

The ownership of the plot should be single ownership-based, or else in the case of multiple owners; all the owners should be ready to sell the plot. In case if any of the owners are missing during the sale deed can lead to legal hurdles in the property, which the buyer may have to face. Thus the ownership should be carefully be checked during the purchase of the plot.

  • Area of the plot:

The accurate area of the plot should be measured properly, and the same should be mentioned on paper. Sometimes the neighbors of the plots extend their boundary and use land illegally in another person’s premises. So such illegal ownership should be clarified before the purchase of the plot.

We can conclude that there are many legal hurdles or disputes in the case of the property, which can lead to a problem for the buyer. Also, the buyer may face difficulty in getting loans approved for the plot, which has similar conditions to home loans. Thus the buyer should be very careful and alert while buying the property.

What to Expect When Applying For A Doctor’s Home Loan

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In the United States alone, about 6 million homes are sold each year. And the majority of the homeowners these days have mortgages. That is why if you are planning to apply for a home loan, don’t worry not don’t feel awkward doing it because you are not alone. Not everyone has the capacity to pay for a new home in full, even if you are a doctor. That is what is a physician loan is for.

If you are a doctor and you have not applied for a home loan before, then you might be wondering what the physician loan is all about. You might have questions about whether or not the physician loan is better compared to other mortgage offers out there. And if this is your first time applying for a loan, it is easy to get confused about whether you choose to get the regular home loan or the physician loan. If you have the same queries, then you have come to the right place.

Physician Loan – Why Apply For One?

A physician’s home mortgage is basically a loan specifically for doctors. This means that only doctors will be able to apply for this type of loan. This makes it easier for you to buy a house. With the physician loan, you are expected to pay a lower mortgage amount compared to the other loans that you can apply for.

With the physician loan, you won’t have to pay the mortgage insurance. In fact, you might not even be required to pay for a downpayment. And if the house your want to buy requires a downpayment, it is most likely to be lower compared to what other home buyers have to pay. Do you have any med school debts? Don’t worry because when you apply for this loan, this will be taken into consideration too.

Qualifications Required

But of course, you have to check if you qualify for the loan application. If you are interested to apply for this type of loan, then you should check with the lender about their qualifications. Usually, doctors who have D.O. or M.D. degrees will be automatically qualified. Depending on the loan program, some lenders will have these physician loans available to dentists and those with D.P.M degrees.

Physician Loan – Is It For You?

Of course, you can always apply for a conventional loan. But if you want to take advantage of the benefits of getting a physician loan instead, then you should do so. Having this degree gives you this privilege. As long as you have proof of your degree, it is easy for you to apply and get approved for the physician loan.

With physician loans, you are one step towards purchasing your dream home. You have worked hard to have this degree and are making yourself available day and night for your patients. You deserve to buy a home that you can call your own. And with the physician loans, this dream will finally turn into a reality.

Business 101: The Importance of an Experienced Accountant

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Starting a business can be a lot of hard work, and it takes plenty of commitment to see things through. It’s not an easy time, and it’s crucial not to take business management lightly. For example, one of the golden rules of startup management is to use professional services to make up for the lack of overall experience.

While it’s entirely possible to go for inexperienced services and still come out on top, there are quite a few risks involved that your company might not be able to handle. Such is the reason why an experienced accountant is practically mandatory. It’s also never a bad idea to take stock of the situation and perhaps enjoy a game or two with the help of NetBet or similar gaming platform before making a decision. That said, here are a few reasons why an experienced accountant will greatly benefit any business.

They will do precisely what you hire them for

The first and most straightforward benefit is that an experienced accountant will do what you hire them to do. While their job description might be obvious, there are more reasons below why it’s crucial to hire an experienced accountant. For a new company that can’t risk too many mistakes, it doesn’t seem a good idea to leave such a crucial aspect of your company to a professional that hasn’t been tried and tested.

When hiring an experienced professional, you know that they’ve already had their fair share of experiences with various companies. That type of experience adds up, and it will do nothing but benefit your business in the long run.

Image: https://pixabay.com/photos/savings-budget-investment-money-2789137/

They can do much more than what’s on their job description

Some of the most experienced business owners will hire an accountant with plenty of experience in the field precisely due to the ability to assess the situation with their wealth of business knowledge. A skilled accountant is not only going to help with general finance, but they’ll also offer excellent advice if you know to ask. Keep in mind that their business knowledge is crucial for any company — especially startups that can’t afford to make mistakes. They will undoubtedly provide more assistance than people realise, making them a must-have for any company.

Going for experienced professionals is the ideal solution

While experienced professionals tend to charge more, there’s a reason why their services are always in demand. Their ability to adapt to the situation and offer you advice and constructive criticism cannot be understated, as they allow company owners to focus on what they do best. They can also see when a business needs extra assistance or going in a direction where it might not thrive. An accountant can also act as an advisor who can help business owners make the best decisions.

The reason why it’s so crucial to go for someone with experience is they can use that experience to help manoeuvre your business through the industry landscape. While going for a less experienced professional will not always fail, why go for the risk if you have a choice? Those with experience can help you future-proof your company’s endeavours.

Image: https://pixabay.com/photos/calculator-numbers-accounting-1180740/

Why you should never look for the perfect trade signals

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The word perfect can cause big trouble in the trading profession. The novice traders always look for the perfect trade signals and they expect that they can earn a big amount of money by doing the in-depth data analysis. But this is not how the trading industry works. No one can find the perfect trade signals no matter how hard they try. And there are no tools that can put the tag of “best trade setup” in the market. So, we should not look for the perfect trade signals.

Today, we are going to discuss some of the key reasons for which you should never look for the perfect trade signals. Take your time and go through this article as we will teach you how you can make money without having the perfect trade setup.

Dealing with the probability factor

The first thing which you need to get in your mind is the probability factor. Without thinking about the probability factor, you can’t accept the fact, losing trades are inevitable. Once you become certain that no one can predict the direction of the trade with accuracy, you can easily look for the trade signals that have a higher margin to make a profit. It might take a while to get used to this concept but it is the only effective way by which you can change you can prepare yourself to deal with the losing trades.

Trade with long term goals

Professional traders always trade with long-term goals. It helps them to take the trades strategically. Once you learn to trade with the long-term goals, you will no longer look for the perfect trade signals. Even if you lose few trades in a row, you can recover the losses with a big smile. So, get a demo account from the Saxo capital markets and start developing your skills just like professional traders. Stick to the demo trading account till you become confident with your actions. Once you master this key technique, you should be able to take the trades with strong confidence.

Overtrading

Those who look for the perfect trading signals always develop the habit of overtrading. Due to overtrading, novice traders often lose their entire trading capital. But if you know the fact, perfect trading signals never exist, you will not work hard to find the best trade setups. Thus you will slowly focus on the quality trade signals. Those who have already developed the problem of overtrading should take a small break from their trading profession. It will help them to refresh their mind and allow them to execute quality trades.

Keep things simple

If you stop looking for the perfect trade signals in the market, everything will become simple. Slowly you will learn to consider trading as your business. On the contrary, if you look for the perfect signal, you will start making complex decisions. You integrate the trading system with the complex tools and thus you will be losing money due to poor decisions. Without having access to a simple trading strategy, you can’t find reliable trade signals in the market. If required, you may learn a price action trading strategy and use this technique to take the trades.

Gives you false confidence

People who look for the best signals often become too proud of their skills. But no one can say for sure that know what will happen to this market. So, if you become too proud of your trade execution process, you are going to trade the market with false confidence. Such confidence can ruin your performance within a short time.

Never expect to make money from a certain trade rather try to reduce the risk factor in each trade. Having the least expectations from this market will force you to look for quality trade signals. But be careful with your trade edge. Stop making unnecessary changes as it doesn’t help to improve your skills.

Wix Announces Acquisition of Rise.ai to Extend Platform Offering

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In the first few days of May 2021, it was announced that Wix, a leading global SaaS platform would be acquiring Rise.ai., the gift card and customer re-engagement solution for online brands. This acquisition will ultimately extend the Wix ecommerce platform, providing a full solution for merchants looking to better manage customer re-engagement activities.

The founder and CEO of Rise.ai says that it currently powers tens of thousands of leading brands with loyalty and re-engagement solutions to grow their business. Israel-based Wix explains that this move will add to the tools it already offers to help merchants better engage with their customers and provide long-term customer value.

Currently, the Wix ecommerce platform powers businesses of all types, from online stores and service providers to restaurants and events. It provides merchants with everything they need to create, manage and grow their ecommerce shop. It also ensures they are able to sell both in-person and online.

In 2020 alone, Wix users processed over $5.4 billion in online transactions on the platform. This was an increase of 126% over 2019 and likely due to the many changes the pandemic has created in payment processing trends – more shopping online, less in-store.

Further, Wix ecommerce merchants reported an increase of 140% year over year growth in sales transactions in 2020, compared to 2019. The recent acquisition is simply another step in the right direction for Wix, as the industry embraces the expectation that consumer preferences will continue to trend in the direction of contactless payments and ecommerce sales.

“We are excited to expand our offering and services as part of the Wix eCommerce strategy,” said Arik Perez, Head of Wix eCommerce.

“By providing merchants with more native tools, we can help them grow long-term customer value and revenues to build their businesses and keep optimizing and increasing profitability. Rise.ai is considered to be the best solution of its kind in the market, and the integration will enable merchants to easily manage and maintain customer engagement tools, ultimately leading to increased loyalty and revenue.”

As customer retention continues to be a top priority for ecommerce brands worldwide, industry experts say we will see many more acquisitions like Wix and Rise.ai. Merchants can also expect more and more offerings like Wix credit card processing, as processors work hard to build solutions that meet consumers shifting needs and preferences.

Content crafter Alex Wilmont has been active in the payments industry for over 15 years. He lives simply, gives generously and loves his 2 dogs. His mission is to enhance and innovate the fintech industry for years to come.

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