Choosing a Crypto Payments Solution? 5 Tips for Retailers

If your provider charges the same fees as a credit card, chances are they are either (1) taking a big cut themselves, or (2) running on the same old payment rails. Stay away; you can do better.

šŸ“¢ Hey, Retailist Roundup readers! Retailers are raising wages to stay competitive, but are you overpaying on payment processing? If your providerā€™s fees match credit card rates, they might be taking a bigger cut than you think.

News from Retailist

If your provider charges the same fees as a credit card, chances are they are either (1) taking a big cut themselves, or (2) running on the same old payment rails. Stay away; you can do better.

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In the news: Top headlines this week

Apple losing over $1 billion a year on streaming service, the Information reports. Apple is losing over $1 billion annually on Apple TV+ despite spending more than $5 billion a year on content since its 2019 launch. The company cut content spending by about $500 million last year, according to a new report. [Reuters]

Retail sales increased 0.2% in February, though spending up less than expected. Retail sales rose 0.2% in March, rebounding from a 1.2% decline but missing forecasts of 0.6% growth. The control group, which impacts GDP, exceeded expectations with a 1% gain. Meanwhile, the New York Fedā€™s factory activity index saw a sharp decline. [CNBC]

U.S. consumers are starting to crack as tariffs add to inflation, recession concerns. Retail and travel executives are preparing for a demand slowdown as Trumpā€™s trade war fuels economic uncertainty. CEOs from Delta, Walmart, and Dickā€™s Sporting Goods have issued cautious outlooks, citing a weakening job market, persistent inflation, and declining consumer confidence. [CNBC]

Klarna to displace Affirm as Walmart BNPL provider. Klarna will replace Affirm as Walmartā€™s exclusive buy now, pay later provider, offering installment loans through OnePay, Walmartā€™s digital payments app. OnePay, backed by Walmart and Ribbit Capital, will enable shoppers to use Klarnaā€™s BNPL services both online and in stores. [Retail Dive]

Retailā€™s home sector has yet to find steady ground. The home goods sector experienced dramatic shifts during the pandemic, with surging demand as homes transformed into offices, classrooms, and entertainment hubs. While the market is now stabilizing, retailers are preparing for new challenges ahead. [Retail Dive]

Job Board: This weekā€™s Top Openings in DTC, RetailTech, and more

Want to submit a role to our talent board? Email [email protected].

  • Business Development Manager Caribbean (4 Locations) RateHawk - more here

  • Senior Managing Consultant (3 Locations) Mastercard - more here

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  • Sr Marketing Analyst-New & Non-Buyer Engagement (2 Locations) Rue Gilt Groupe- more here

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Retailist Magazine is an outlet focused on modern commerce as it relates to digital innovation. The publication examines our cultureā€™s ever-evolving relationship with marketing, commerce and traditional retail. Our goal is to connect our audience to quality content and award programs for retail brands to tell their story of innovation.

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