accept online payments from anywhere in the world...accept online payments from anywhere in the...

Accept online payments from anywhere in the world

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• Online sales accounted for more than a third of total retail sales growth in 2015, according to data released from the U.S. Commerce Department.

• e-Commerce comprised 10.5% of retail sales in 2015 versus 9.5% in 2014. On an adjusted basis, full-year web sales were $340.8 billion.

• This is the sixth year in a row that U.S. e-commerce sales have grown near or above 15%.

E-Commerce Growth

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1. Reduced overheads2. Lower marketing costs3. Expanded geographical reach4. Being open for business 24/75. Greater flexibility6. Broader potential customer base7. Improved customer profiling8. Increased visibility for your business9. The ability to tell people about your business10. Another marketing channel

10 Reasons to go Online


Cash flow is of significant importance to a new business-online or brick and mortar. Study found that small business owners who conduct business online feel it allows them to receive payments faster and conduct business easier.

“Cash”(Flow) is King


Payments are no longer a means to an end for accepting money and finalizing a transaction in the purchase process. It is rather a critical component in creating new ways for merchants to engage with their customers and a driver of consumer loyalty and satisfaction.

Merchants are focused on payments


• Gain competitive advantage• Introduce new payments service/tools• Enhanced customer experience• Reduced business costs• Improved speed of clearing and settlement• Increased customer retention• Increased range of payment options

Merchant expectations of payments are rising


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Some banks we can assist merchants process with

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• Global fintech investment in 2015 grew 75%, or $9.6 billion,

to $22.3 billion in 2015.

• In Europe, overall fintech investment increased by 120%

between 2014 and 2015.

Investment in German fintech ventures grew 843% in that period.

in that period.

• In Asia-Pacific, fintech investment more than quadrupled in 2015 to

$4.3 billion. The lion’s share of those investments took place in China

($1.97 billion) and India ($1.65 billion).

• North American fintech investment grew 44% to $14.8 billion in

2015.

Global Fintech Investment Grew

75 percent in 2015, Exceeding

$22 Billion


Online Payment Stats


Online Payment Trends in Curacao & Aruba


• The total number of digital shoppers world wide grew by over 100 million between 2011 and 2012, and is expected to keep on growing.

• As of 2011, market data showed that over 70 percent of all adult internet users in the United States made online purchases, leaning mainly toward internet sites and e-mail offers to help them choose their desired product.

World Wide Digital Shopping Stats


Preferred Payment methods


Which payment method will become the most

popular in the future?$577

$573

$412

$396$387

$292

$212

$175$167

$124

$55$59$45$41

$39$20 $19$18 $19$10 $6$6 $3

BankTransfer

Cash onDelivery

ChargeCard

Credit Card

DebitCard

DirectDebit

eInvoiceseWallet Other

PostPay PrepaidCard PrePay

(US$ billions)2014 2019

11

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$647

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Global payment methods breakdown

2014 201930.3% 23.8%Credit Card

20.9% 17.0%Debit Card

20.5% 26.7%eWallet

11.2% 12.0%Bank Transfer

6.6% 6.9%Cash on Delivery

3.1% 1.7%Charge Card

2.9% 7.2%PrePay

2.4% 1.6%Pre-Paid Card

0.2% 0.4%eInvoices

0.3% 0.8%PostPay

0.3% 0.7%Direct Debit

1.1% 0.8%Other

30%

2014

25%

2019


Payment trends 2014 - 2019, North America

2014 2019

Credit Card 40% 37%

Debit Card 25% 22%

eWallet 14% 21%

Bank Transfer7%

8%

Cash on Delivery 4% 3%

Pre-Paid Card 4% 4%

PrePay 2% 2%

Charge Card 2% 1%

Direct Debit 1% 1%

Other 1% 1%


Payment trends 2014 - 2019, Latin America2014 2019

Credit Card 39% 34%

Debit Card 26% 28%

Bank Transfer 9% 10%

Cash on Delivery 7% 8%

Pre-Paid Card 7% 6%

eWallet 5% 4%

PrePay 3% 6%

Charge Card 3% 3%

Other 1% 1%


Advantages of moving to a cashless society

• Reduction in certain kinds of crimes

• Better options in terms of combatting underground economy

• Reduction of the environmental impact and risk of transmitting diseases

• Cash is known to be contaminated with a large number of bacteria

• A recent study shows that in Denmark in 2013, Danish notes were

carriers of 40.000 bacteria.

Some points to take into consideration

Need for sufficient means of payment methods for challenged groups in the

society:

Elderly, disabled or homeless people

Cashless Society should benefit all


Payment Service Providers partner with Acquiring Banksto offer Merchants the capability to accept payments.

Payment Service Providers often offer services in addition

to processing transactions. These services include

Payment Card Industry Data Security Standard (PCI)

compliance, fraud protection and the ability to process

different currencies and translate different languages.

CX Pay is Payment Service Provider or PSP


• A Payment Service Provider (PSP) is a company that enables the

connection between an online shop and other market participants

such as banks or credit card acquirers.

• Through this, the costs for the integration and processing of

different payment methods is significantly reduced.

• The merchant profits from services such as Risk Management,

Reporting or Fraud Protection and, in addition, is relieved from the

safety requirements of the card industry.

PSP


• Furthermore, the PSP provides the possibility of offering multiple

currencies.

• The PSP offers various services concerning the acceptance of

electronic payments and integrates different payment methods

such as e.g. credit and debit cards, bank payment, e-banking and

e-Wallets.

• Usually a PSP is not bound to an Acquirer or a payment network.

This permits the integration of several different national and

international payment methods over just one PSP.

PSPcontinued


• Protects sensitive customer information

• Reduces a merchant’s Payment Card Industry footprint

• Helps Merchants maintain PCI Compliance

• Detects Fraud using an interface that screens data

• Routing interface

• Compatible with IPROCESS (Apple )

• Shopping Cart Support

• Enables Merchants to Process transactions

• Electronic invoicing

Reasons for using CX Pay


PAYMENT METHODSAssisting merchants wherever they are in the world and improving customer experience by accepting a wide range of payment methods. Our APIs make switching on new payment methods pain-free, either at launch or later in the project.

CURRENCIESWe offer domestic and international payment solutions with full multi-currency facilities in more than 100 currencies to power your business internationally.

CX Pay Value


LOCAL PRESENCE & KNOW-HOWCX Pay offers a “Local” solution through local language, accessibility and hands-on support to its customers.

We have more than 20 years’ experience in the industry enabling us to serve the diverse needs of our customers in the Dutch Caribbean and worldwide.

CX Pay Value


MANAGED SERVICECX Pay offers leverages off its international network and partnerships to offer advise in the areas of payment solutions, security and web hosting therefore covering a full spectrum of services when it comes to e-Commerce solutions.

We help our customers by taking care of all things related to payments, so our customers can concentrate on their core business.

CX Pay Value


I have been in business for many years having to use a merchant gateway.

Never have I worked with a company that was as efficient and helpful as CX Pay.

I worked personally with them, and they had me up and running with no problems, faster than I

expected. If I ever have a problem, they are there to help at any hour of the day. If you need to

do business through a gateway or even just need consulting....

CX Pay is truly the only company you should be talking to.

Garret Lederman - World-Wide PC Pros

www.worldwidepcpros.com

Thank you for making our international business so much easier!

Remco Ernandes - Curaçao Ecocity Projects N.V. (Home of the Curaloe®)

www.ecocityprojects.com

CX Pay enables me to sell my book through my webshop with payments made by credit card.

The set-up is smooth and quick. I am very happy that we now have this platform!

Helmi Smeulders - Thelma & Louise

www.wild-cooking.com

Testimonials

“I am always impressed with the service orientation I find when I interact with CX Pay.

CX Pay customer service assistance is always professional and knowledgeable, and queries

are replied to within minutes.

They are really easy to work with and seem to appreciate their customers”.

Highly recommended.

Tony Sandberg - Earlybird Academy

www.earlybird.academy

CX Pay, the perfect solution for our online payments. Easy, efficient and reliable.

Wish we had signed up sooner!

Germaine Richie-Durand - Divi Divi Air

www.flydivi.com

CX Pay has given us the best service we could have asked for!

Always going the extra mile.... Reply to mails even on Sundays and Evenings.

Able to assist at all times - Quickly and Friendly!

Luigia Baerecke - Naskho

www.naskho.org

Testimonials

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accept online payments from anywhere in the world...accept online payments from anywhere in the...

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