Internet shopping is growing at a pace not expected. The Coronavirus has marked the tipping point that many merchants have been looking forward to seeing. In the UK, as elsewhere in the world, consumers’ shopping habits have permanently changed because of the lockdown. If you’re interested in the eCommerce growth the world is witnessing these days, you’re at the right place.
The Best Merchant Services You Need During the Crisis
The Corona outbreak has made the shift from physical retail to eCommerce faster. 6 out of 10 consumers are going to make as many online purchases as they’re doing now after the lockdown is over, according to a recent Kantar report.
In March 2020, Amazon reported it was going to hire 100.000 new employees. The reason had to do with the surge in online demand caused by the pandemic.
The UK’s online retail association IMRG reports that the health and beauty category in the country witnessed a 31.6% YoY (year-on-year)increase in eCommerce sales for the week commencing March 15th and 42.4% YoY growth in the online sales of electricals.
Are you a merchant in the UK looking for the right merchant processing services for your own business? Just consider working with a trustworthy and experienced merchant-services comparison specialist in the country. This is how you can find the most reliable, safest, and cheapest payment-processing services to start your eCommerce business or add to your company’s eCommerce growth.
COVID-19 &the eCommerce Growth
The pandemic has impacted traditional European retailers hard. March 2020 research showed that 20% of consumers worldwide were making purchases less in physical stores during that month, 9% were shopping more online, and 32% were going to make even more purchases over the internet in the years to come.
Millennials are planning to shop mostly online for 2020 and their purchases will mainly include garments and home electronics. Sports and fashion come next on the list.
The lockdown almost anywhere in the world has made retailers start looking for new ways to adapt to the created situation or meet the growth in eCommerce demand. The shift to eCommerce isn’t going to disappear even when the lockdown is over.
Author Bio: Payment industry guru Taylor Cole is a passionate payments expert and founder at Best Payment Providers who understands the complex world of merchant accounts and can best help you with eCommerce growth. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie on his backyard porch, as should all right-thinking people.