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E-Commerce Industry Earns $262 Billion in 2013
With 2013 in the history books, the e-commerce industry saw another year of positive growth. E-Commerce businesses around the world earned $262 billion, while retail businesses were disappointed by lower-than-usual holiday sales. The latest rise in e-commerce sales is largely due to smartphones and other mobile devices making shopping more accessible than ever, and the e-commerce industry is expected to continue rising.
Retail Sales Fall Over Thanksgiving
In the United States, the day after Thanksgiving, known as Black Friday, is the start to one of the busiest holiday seasons of the year. Traditionally, retail sales jump by millions of dollars during the holiday season. However, shoppers only spent $57 billion in retail stores worldwide in 2013, down from $59 billion in 2012. In addition to Black Friday, Cyber Monday is the first Monday after Thanksgiving, and includes some of the best deals of the year online. Studies show that more people are opting to spend money online as opposed to going out and shopping, signaling a trend for the rest of 2014.
Why is the E-Commerce Industry Rising?
Shoppers are quickly starting to prefer e-commerce over retail shopping, according to experts. During the 2013 e-commerce holiday season, sales jumped by 22% compared to the 2012 holiday season, showing an increasing trend in the behavior of shoppers worldwide. According to Vator News, this trend is largely due to the large availability of mobile devices, particularly smart devices. Many shoppers plan their purchases on their phones or tablets, and then discover the great ease-of-use of many mobile sites. This has influenced the rise in e-commerce as many shoppers are turning from traditional retail stores.
While the retail industry has still brought in a massive $602 billion in revenue, sales are not growing in that area as much as they have in the past. Experts predict that along with the increase in technological innovations, the e-commerce industry will one day surpass that of retail.
E-Commerce Merchant Services from ECS-World
ECS-World has been providing high-quality merchant services to e-commerce merchants in the UK, Europe, and the rest of the world for more than a decade. With the e-commerce industry proving to be such a success, more and more merchants worldwide are starting their own online businesses and earning profits every day. Every great business needs a credit card processing option to accept payments on their website. With multi-currency processing, a reliable payout schedule, and fast approvals, ECS-World provides many different kinds of merchant accounts for every e-commerce business's needs. To apply for a merchant account today, simply fill out the form at the bottom of this page, or click the button below. If you have any additional questions, you can also call 1-800-318-2713 to speak with a live representative.
The backbone of ECS World is our PCI compliant payment gateway. Accept credit cards online, over the phone, or via mail order with our simple and easy-to-use payment processing solution. No hidden fees and no volume caps. Learn more today.
ECS World provides credit card processing services to online and MOTO businesses with its PCI compliant payment gateway solution. Whether you want to process onshore, offshore, or internationally, they have a solution for you!