If you run an Ecwid store, you can sign up for Lightspeed Payments directly from your Ecwid control panel. There, you can manage payments, view payment details, and set up refunds. Set up Lightspeed Payments .
Providing online shoppers with secure and convenient payment methods is one of the factors that prevents cart abandonment. If customers can’t find their preferred payment method in your store, they’ll likely look for a site with a more convenient checkout. When you lose customers, you lose profits—and your paycheck.
Not sure how to choose a payment method for your online store? Read this article on how to find the best payment system .
Opportunity cost is the loss of other alternatives when choosing one alternative. If your business has any existing opportunities, it makes more sense to maximize opportunities and minimize salary.
Let's say you're running a successful Facebook ad campaign. For every $1 you invest, you earn $1.50 back - a direct 50% profit.
Experienced e-commerce business owners know that profitable campaigns like this are rare. You want to maximize your returns by investing all your spare money into your campaign.
Keep this in mind when calculating your salary. If you identify any current or future opportunities, reduce your salary and invest that money into the business.