Monday, March 19th, 2018
eCommerce is on the rise all over the world. It goes on representing an increasing share of overall retail sales around the globe. Mobile technology is currently one of the key drivers that transform the retail industry and consumer shopping experience. Are you interested in card processing UK? Just read this article and you’ll get answers to your questions.
eCommerce Is Thriving: Need Card Processing UK?
The most well-known form of eCommerce represents the business-to-consumer or the so-called B2C category. The latter includes online retail or online shopping. It has to do with online purchases from bricks-and-mortar retailers and web-only online retailing corporations.
Mobile shopping has recently been growing with rapid advances. The thing is that customers are more and more often using their mobile devices to make online purchases. Mobile is currently the only eCommerce channel that’s growing YoY (year-over-year).
By the way, speed is the most important factor when it comes to shopping online. Also, messaging apps represent a huge eCommerce potential.
In the wake of all this, mobile is driving eCommerce to greater heights in the UK. Brits are using mobile to research and make a price comparison for later purchases. UK consumers are spending more on mobile, and UK eCommerce purchases are increasingly being made on smartphones.
With all this in mind, merchants can’t think about growing their business if they still can’t accept payments online. To get approved for the best card processing UK, you should find a reliable payment processor to work with. For this, consider turning to a payments expert like Best Payment Providers in the UK to get the best deal for your company.
Best Payment Providers, a respectable comparison company, provides merchants with free consultation and reviews contracts, rates, as well as fees. By the way, since integration requirements are as much important as fees and customer service, Best Payment Providers focuses on checking each provider’s integration process to guarantee a smooth transition and onboarding process for you.
The Importance of Mobile Commerce
eCommerce is booming all around the globe. The overall trend across the world is moving from cash to electronic payments. Thus, mobile commerce or mCommerce is gaining more and more importance all over the world.
Today’s new developments in the field are accelerating eCommerce sales for retailers. These developments include AI-driven chatbots on mobile commerce platforms, functionality based on augmented reality (AR), and voice shopping through digital home assistants developed to synchronize with mobile apps.
Increasingly, consumers are taking advantage of sophisticated mobile shopping platforms to make purchases fast and easily from anywhere, anytime. Many online-only retailers are building stronger brands and obtaining a greater market share.
All these new developments and innovative business models allow e-tailers to be more agile and responsive to customers, while still keeping prices down. More bricks-and-mortar retailers are investing in online offerings so to remain competitive in the field.
Moreover, consumers are more and more interested in buying products/services directly from international sources if they can’t find these products/services locally. This is great for merchants who are looking for ways to grow their business. The point is that cross-border is among the most exciting and complex ways to grow a business in the eCommerce field.
So, this is a perfect time for merchants to expand internationally. By the way, Visa already has introduced an initiative ─ the Cashless Challenge in the US. It’s called to incentivize small merchants to switch from cash payments to mobile-based payments.
Consumer behavior is changing rapidly. Retailers who don’t plan to go mobile will stay behind. Find a reputable payments expert that can help you grow and expand your business without challenges.
Topics discussed in this article:
- card processing uk