eCommerce is on the rise all around the globe. Why? It’s simple! All consumers need is just a click of a button to buy goods from any corner of the world. Let’s move forward to dive more into the topic and find an exceptional payments expert for you.
eCommerce Is Growing Globally
Retailers are looking for ways to take more advantage of the modern world of commerce. So, global online shopping is expected to further make customer experience more convenient and frictionless. That’s why it’s critical for merchants to provide consumers with more than one payment option.
This can never be an issue if you work with a respectable payment processing specialist like eMerchantBroker.com. Being rated the top high risk credit card processing company in the U.S. EMB is dedicated to offering the latest and safest payment processing solutions to both low and high risk eCommerce merchants. The rates are among the lowest, and the approval is without any challenges.
Did you know that U.S. shoppers who preferred to visit offline stores in 2019 accounted for 6.2% less traffic? However, sales prevailed. National Retail Federation (NRF) reports that Black Friday turned to be the busiest day for U.S. online shopping.
In 2019, the Thanksgiving Weekend witnessed about 190 million shoppers who spent an average of $361.90. This refers to both online and in-store sales. As for Cyber Monday, the latter accounted for $9.4 billion in sales in the U.S., and Black Friday resulted in $7.5 billion, as Adobe reports.
2019 Holiday Shopping
The holiday shopping season plays a critical role in growing your business. In fact, it can account for up to 40% of annual sales. In 2019, U.S. shoppers spent more time online during the holiday shopping season, according to MasterCard Inc. Specifically, electronic commerce sales hit a record high, as MasterCard’s senior adviser Steve Sadove reports.
So, even though 2019 saw a shorter holiday shopping season, U.S. retailers started their Black Friday deals earlier as compared to previous years. When it comes to Thanksgiving, the latter account for a record $4.2 billion electronic commerce sales, as Adobe reports. By the way, it’s the 1st time Thanksgiving online retail sales have topped $4 billion, thus representing a 14.5% increase from 2018.
As you see, global electronic commerce sales are on the rise. That’s with good reason: consumers visit stores less often and prefer to make purchases via their phones, tablets, and desktops.