Are you a business owner in the UK interested in growing your business? Well, you must be looking for a reliable and affordable low or high-risk merchant account to start accepting online payments, mustn’t you? What’s the state of the eCommerce and mCommerce markets in the UK? Where can you find the right merchant account for your UK business? Just go on reading this article and you’ll get a better idea of all this.
mCommerce in the UK and Not Only: High-Risk Merchant Account
mCommerce or mobile commerce sales in the UK, France, and Germany are expected to make up more than 85 billion euros in 2018. These are the 3 largest eCommerce markets in Europe. Nearly 57% of this amount is anticipated to come from the UK. mCommerce sales in Germany are expected to be bigger as compared to France.
According to eMarketer, mCommerce in the UK will make up 48.6 billion euros at the end of 2018. As for Germany, mCommerce retail in the country is projected to account for 22.39 billion euros. In France, the amount is projected to reach nearly 14.32 billion euros this year.
With all this in mind, turn to a reputable payment expert in the UK so to know what are the best merchant services that can help you grow your business successfully.
Apply to a reputable comparison company in the UK that can provide you with the best deal for your business. A reliable and experienced comparison company in the country will offer you free consultation, reviews of contracts, rates, as well as fees. As a result, you’ll get a better understanding of what the best option is for your own specific business wants and needs.
Go with a payment expert that can guarantee the most honest snapshot of the company at the time of writing. What is more, find out whether the company checks each merchant account provider’s integration process. This is important since it’ll allow you to enjoy a smooth transition and onboarding process.
mCommerce Sales in the UK: Smartphones
The total eCommerce sales in the UK are forecast to account for nearly 95 billion euros in 2018. This means it’d represent more than 19% of the overall retail sales. Mobile commerce in the UK accounted for more than 41 billion euros in 2017. That represented 43% of the eCommerce sales. That share is anticipated to reach more than 45% in 2018.
The latest eCommerce forecast by eMarketer says that the online sales completed via smartphones accounted for 49.7% of the total mCommerce sales. Mobile commerce via smartphones is expected to represent almost 20 billion euros in the UK in 2018.
When it comes to online purchases completed using smartphones, they’re anticipated to account for up to 56% of the mobile commerce sales by the year 2021. Such growth will be driven by the decresed sales being completed via tablets. Tablet penetration in the UK has hit one of the highest points in Europe but stopped growing in the same way in the last couple of years.
Author Bio: Payment industry expert Taylor Cole is a passionate merchant account expert who understands the complicated world of accepting credit and debit cards at your business. His understanding of the industry, including a high-risk merchant account, has helped thousands of business owners save money and time.