new Infographic: Learn all about the Power of the PayFac Model
Cardknox
Menu
  • Payment Solutions
    • Integrations
      • Online – API, hosted online form, plugins, and more
      • Mobile – Integrate payments within POS apps using our SDK
      • In-Person – POS integrations and pre-certified terminals
      • Unattended – Harness our integrations for sleek unattended hardware
    • Products
      • Cardknox Go (PayFac) – Become a Payment Facilitator, without the hassle
      • Merchant Portal – Online platform for seamless management of payments
      • Mobile App – Mobile point-of-sale solution for iOS and Android
      • PaymentSITE Hosted Checkout Page – Hosted and fully customizable online payment form
      • iFields – Design secure online payment forms
      • Partner Portal – ISV platform for managing merchant accounts
    • Features
      • Credit Card Processing – Process EMV, magstripe, and NFC credit cards
      • SNAP EBT Online – Accept SNAP EBT online payments.
      • Recurring Payments – Create automated payment schedules
      • ACH Direct Debit – Accept electronic money transfers
      • EMV – Easily integrate EMV processing, no matter your system
      • 3D Secure 2.0 – Reduce fraud and chargebacks online
      • Contactless Payments – Pre-certified NFC readers and terminals
  • Developers
    • Documentation – No payment integration is too complex.
    • Developer Hub – Get the tools and resources to integrate Cardknox payments
    • Partner Program – Best-in-class payment processing solutions for your merchants.
    • Merchant Benefits – An extensive lineup of robust, omnichannel solutions for every sales and invoicing channel.
    • Integration Support – Ask us anything, we are here to help.
  • Company
    • news2Resources
      • Blog – Read articles on Cardknox thought leadership and solution announcements.
      • White Papers – Get a comprehensive look at industry trends.
      • Brand Guidelines – These brand resources will help you use Cardknox content and our brand.
    • Contact-usCompany
      • Become a Partner – Best-in-class payment processing solutions for your merchants.
      • Contact Us – Tell us about your payment needs.
      • Careers – Explore our open positions to discover a challenging, rewarding career.
Contact Merchant Login Create Sandbox
Menu
  • Payment Solutions
    • Integrations
      • Online – API, hosted online form, plugins, and more
      • Mobile – Integrate payments within POS apps using our SDK
      • In-Person – POS integrations and pre-certified terminals
      • Unattended – Harness our integrations for sleek unattended hardware
    • Products
      • Cardknox Go (PayFac) – Become a Payment Facilitator, without the hassle
      • Merchant Portal – Online platform for seamless management of payments
      • Mobile App – Mobile point-of-sale solution for iOS and Android
      • PaymentSITE Hosted Checkout Page – Hosted and fully customizable online payment form
      • iFields – Design secure online payment forms
      • Partner Portal – ISV platform for managing merchant accounts
    • Features
      • Credit Card Processing – Process EMV, magstripe, and NFC credit cards
      • SNAP EBT Online – Accept SNAP EBT online payments.
      • Recurring Payments – Create automated payment schedules
      • ACH Direct Debit – Accept electronic money transfers
      • EMV – Easily integrate EMV processing, no matter your system
      • 3D Secure 2.0 – Reduce fraud and chargebacks online
      • Contactless Payments – Pre-certified NFC readers and terminals
  • Developers
    • Documentation – No payment integration is too complex.
    • Developer Hub – Get the tools and resources to integrate Cardknox payments
    • Partner Program – Best-in-class payment processing solutions for your merchants.
    • Merchant Benefits – An extensive lineup of robust, omnichannel solutions for every sales and invoicing channel.
    • Integration Support – Ask us anything, we are here to help.
  • Company
    • news2Resources
      • Blog – Read articles on Cardknox thought leadership and solution announcements.
      • White Papers – Get a comprehensive look at industry trends.
      • Brand Guidelines – These brand resources will help you use Cardknox content and our brand.
    • Contact-usCompany
      • Become a Partner – Best-in-class payment processing solutions for your merchants.
      • Contact Us – Tell us about your payment needs.
      • Careers – Explore our open positions to discover a challenging, rewarding career.
Inflation and Shortage blog post image

How Inflation and Shortages Are Reshaping Payment Trends

Varone2022-03-28T17:30:59-04:00

Two years since the onset of the pandemic, consumer spending has recovered by leaps and bounds—but businesses are struggling to keep up with this demand. Faced with labor shortages, supply chain issues, and record-breaking inflation, merchants are finding it a challenge to provide products and services in a timely manner.

In a testament to their resilience, merchants have seamlessly adopted new technologies that allow them to provide the same high quality of service in today’s environment. Keep reading to learn more about some common pain points currently faced by merchants, and the solutions made possible thanks to payment technology.

Challenge: High Delivery Costs
Solution: Buy Online, Pick Up in Store (BOPIS)

Over the past couple of years, customers have become increasingly reliant on ordering online — and not just for splurges, but also for everyday staples like groceries and toiletries. For merchants, selling online can be a great way to grow sales, but it does bring with it added costs associated with shipping and inventory management.

To reduce delivery costs while continuing to reap the benefits of e-commerce, more and more merchants are offering curbside pickup and buy online, pick up in-store. In fact, some big-name stores like Saks are even paying customers to choose BOPIS when checking out online. 

BOPIS and curbside pickup fuse the in-store and online shopping experience in a way that grows sales for the merchant and boosts convenience for the customer — all while cutting out shipping costs for both parties. Adding BOPIS to the checkout flow is a great way for merchants to minimize the costs and labor associated with order fulfillment. The good news is, today’s online payment gateways make it easy to fully sync online and offline checkout channels.

Challenge: Labor Shortages
Solution: Unattended Retail and Online Order Ahead

With a record number of workers dropping out of the labor force, businesses are struggling to meet customer demand — or even keep their doors open. The restaurant industry has been particularly hard hit by this trend, and according to a recent survey by the National Restaurant Association, 78% of restaurant owners don’t have enough employees to meet the needs of their existing clientele.

Restaurants and other establishments that don’t have enough cashiers, attendants, or waitstaff are turning to new payment acceptance channels both in-store and online. Thanks to new technologies, customers can place orders and pay without the need for on-site personnel.

  • Unattended Checkout

Self-service kiosks and tablets allow customers to choose the desired product or service and make a payment at their convenience. Not only do these devices solve labor shortage challenges, but they also provide a high-tech customer experience that features colorful and customizable digital displays.

Merchants who want to offer unattended checkout but would prefer not to buy new hardware can opt for QR code payments. All that the merchant needs to do is get their own unique QR code that they can display on-site. Then, customers can pay simply by scanning the QR code with their mobile device, which will open up a webpage in their browser in which they can enter payment information.

  • Online Ordering

Giving customers the option to pay for their orders ahead of time online is another great way for businesses to accept payments without the need for manual labor. This solution is ideal for restaurants and service providers such as dry cleaners or mechanics. To accept a payment, the business owner simply texts or emails the customer with a link to a secure online form for inputting payment information.

Challenge: Inventory Shortages
Solution: Gift Cards

Many businesses today are facing challenges when it comes to order fulfillment. This past holiday season, 29% of surveyed customers said they were planning on buying more gift cards than usual due to supply chain disruptions. Fortunately, there are a number of robust and customer-friendly gift card programs on the market for merchants to choose from. And increasingly, gift card solutions can be merged with loyalty programs to offer customers value that outlasts the funds on the gift card.

Despite the shortcoming and stressors of today’s economic climate, business owners are finding ways to come out ahead. As merchants acclimate to the changing environment, many are settling on a new normal that incorporates the next generation of payment and retail solutions. Being able to pivot to a constantly-shifting world makes all the difference for merchants — and fortunately, with the help of a payment gateway like Cardknox, it’s that much easier.

Contact

  • (844) 227-3566
  • Email Us
  • Create Sandbox
  • Accept Payments

Unique Solutions

  • ACH
  • Credit Cards
  • EMV
  • eWic
  • iFields

Payment Integrations

  • In-store Payments
  • E-commerce Payments
  • Mobile Payments

Other

  • Sign In
  • System Status
  • API Documentation
  • What’s New at Cardknox
  • Terms and Conditions
Facebook Twitter Instagram Linkedin
Cardknox Development Inc. BBB Business Review
© Copyright 2023
Cardknox Development, Inc. All rights reserved.
Privacy Policy
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie Settings Accept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
AWSALBCORS7 daysThis cookie is managed by Amazon Web Services and is used for load balancing.
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
CookieLawInfoConsent1 yearRecords the default button state of the corresponding category & the status of CCPA. It works only in coordination with the primary cookie.
elementorneverThis cookie is used by the website's WordPress theme. It allows the website owner to implement or change the website's content in real-time.
ep20130 minutesThis cookie is set by Wufoo for load balancing, site traffic and preventing site abuse.
JSESSIONIDsessionThe JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application.
OptanonConsent5 months 27 daysOneTrust sets this cookie to store details about the site's cookie category and check whether visitors have given or withdrawn consent from the use of each category.
PHPSESSIDsessionThis cookie is native to PHP applications. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The cookie is a session cookies and is deleted when all the browser windows are closed.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
CookieDurationDescription
__cf_bm30 minutesThis cookie, set by Cloudflare, is used to support Cloudflare Bot Management.
bcookie1 yearLinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID.
bscookie1 yearLinkedIn sets this cookie to store performed actions on the website.
langsessionLinkedIn sets this cookie to remember a user's language setting.
lidc1 dayLinkedIn sets the lidc cookie to facilitate data center selection.
UserMatchHistory1 monthLinkedIn sets this cookie for LinkedIn Ads ID syncing.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
AWSALB7 daysAWSALB is an application load balancer cookie set by Amazon Web Services to map the session to the target.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThe _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_ga_L91N7MKDFX2 yearsThis cookie is installed by Google Analytics.
_gat_gtag_UA_53045244_11 minuteSet by Google to distinguish users.
_gcl_au3 monthsProvided by Google Tag Manager to experiment advertisement efficiency of websites using their services.
_gid1 dayInstalled by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
handl_landing_page1 monthUnderstand which page was the first webpage a user visited.
pardotpastThe pardot cookie is set while the visitor is logged in as a Pardot user. The cookie indicates an active session and is not used for tracking.
utm_campaignpastGoogle Ad Services sets this cookie to store session campaign value if present.
utm_contentpastThis cookie is used for storing the session content value if present.
utm_sourcepastThis cookie is used to record from where the visitor came to the website orginally. This information is used by the website operator to know the efficiency of their marketing.
utm_termpastThis cookie is used to record from where the visitor came to the website orginally. This information is used by the website operator to know the efficiency of their marketing.
vuid2 yearsVimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
_fbp3 monthsThis cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website.
fr3 monthsFacebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.
IDE1 year 24 daysGoogle DoubleClick IDE cookies are used to store information about how the user uses the website to present them with relevant ads and according to the user profile.
test_cookie15 minutesThe test_cookie is set by doubleclick.net and is used to determine if the user's browser supports cookies.
utm_mediumpastThis cookie is used to record from where the visitor came to the website orginally. This information is used by the website operator to know the efficiency of their marketing.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
_splunk_rum_sid15 minutesNo description
AnalyticsSyncHistory1 monthNo description
AWSALBTG7 daysNo description available.
AWSALBTGCORS7 daysNo description available.
emailpastNo description available.
experiments-fingerprint6 monthsNo description
experiments-raw6 monthsNo description
gclidpastNo description
handl_ip1 monthNo description available.
handl_original_ref1 monthNo description available.
handl_ref1 monthNo description available.
handl_url1 monthNo description available.
li_gc5 months 27 daysNo description
usernamepastNo description available.
Save & Accept
Powered by CookieYes Logo