The last 10 years brought an immense change in the use of devices, shopping channels, and global markets. Below, you can find interesting facts about today’s online retail world and know who can help you with the best merchant services in the U.S.
Online Retail Stats & Best Merchant Services
eCommerce goes on affecting everything in the modern world of retail. The global eCommerce market accounts for about $4.2 billion. The U.S. market is worth more than $500 billion. Nearly 1.92 billion people are making purchases online.
With all this in mind, it’s incredibly important to work with an exceptional payment processor to grow your eCommerce business. How can you find one? It’s simple: just turn to a respectable payment processor comparison expert in the U.S. to find the right deal for your own business needs.
Look for a merchant services comparison company that’s concentrated on terms, complaints, and integration, as well as reviews contracts, rates, and fees with exceptional attention to detail. Make sure the comparison specialist scores top review and complaints sites so you can enjoy the most trustworthy snapshot of processors at the time of writing.
Changes in eCommerce World: Stats
In 2019, eCommerce sales made up 9% of all retail sales in the U.S. and are anticipated to account for 12.4% this year. Let’s have a look at some other important figures:
- Consumers spent $601.75 billion while shopping online in 2019, which was a 14.9% increase from $523.64 billion in 2018, as the U.S. Department of