Integrate Paymo with Storenvy

Paymo is an online payment platform which enables the consumers to make their purchases without the use of credit cards or other forms of paper currency (Yusuf, 2013. Paymo is an online e-commerce payment service that allows the users to transfer money through mobile app. Paymo provides retailer an easy way to accept payments using mobile phone. Paymo has partnered with various merchants for various products and services. The founder claims that, there are over 30 million mobile devices in the world and it is expected that by the year 2020, there will be more than one billion mobile devices. He also claims that Paymo will increase its payment processing services because of the increased use of mobile devices (Yusuf, 2013.

Storenvy is an online shopping site which sells homemade apparel, accessories, art, technpogy products, jewellery, crafts and handmade goods (Yusuf, 2013. Storenvy ownership claim to provide an online marketplace where the users can sell their products through Paymo. The main purpose of Storenvy is to provide its users with a platform for promoting their own products. Storenvy took off in 2009 with a small group of people who were passionate about selling their creative products online. It started as a startup in San Francisco with an aim to create a community for creative entrepreneurs who love to do what they do. It makes the process of selling creative product easier by providing tops to store owners. Storenvy uses Paymo as its payment processor to process payments for all the purchases made on the site (Yusuf, 2013.

Integration of Paymo and Storenvy

The integration of Paymo and Storenvy provides a wide range of benefits to both the merchants and consumers. The integration of these two platforms provide enhanced user experience for the customers because they can order products from stores across the world quickly and easily through their mobile devices. They have access to a wide range of goods at affordable prices. This integration also provides benefit to merchants because they earn more income from their products. Merchants are able to sell their products within a short time period without much marketing efforts. Customers are able to access any product that they desire anywhere in the world using their personal mobile devices. Merchants are able to sell more items on this platform as compared to other websites that provide similar services (Paymo and Storenvy, 2012)

Benefits of Integration of Paymo and Storenvy

Merchants can earn more income by integrating their services with Paymo and Storenvy. Merchants can earn more income because they can advertise their products on different websites such as Facebook, Twitter, Instagram and Pinterest (Paymo and Storenvy, 2012. This promotion helps them generate more traffic to their websites and thus more orders for their products. This integration allows the customers to purchase products easily using their mobile phones. This eliminates the need for them to carry paper currency or credit cards around while they shop. They can purchase goods from anywhere in the world within few minutes after they find a merchant online who sells their desired goods at a lower price than the current price (Paymo and Storenvy, 2012. Customers can purchase goods at attractive prices and get more value for their money. They can also purchase merchandise from different countries without any exchange rate charges or other hidden costs invpved (Paymo and Storenvy, 2012.

Conclusion

The integration of Paymo and Storenvy has provided benefits to both customers and merchants around the world. This integration has given merchants a wider audience with whom they can interact with their products. This integration has also provided customers an opportunity to purchase goods from anywhere in the world at affordable rates without having to pay with paper currency or credit cards. Merchants can earn more income if they advertise their products on social networking sites such as Facebook, Twitter, Instagram and Pinterest without having to pay any upfront fees for this service (Paymo and Storenvy, 2012. This integration has eliminated problems such as exchange rates or hidden fees from customers when purchasing goods from different countries. It has also allowed customers who want something special with the same quality as the local items but at a lower price per unit cost. The integration of Paymo and Storenvy will continue to provide benefits to both customers and merchants around the world in coming years (Paymo and Storenvy, 2012.

References

Paymo and Storenvy. (2012. Retrieved from http://www.paymoandstorenvy.com/

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