25 Aug 2022 By PAYCEC
According to statistics on internet purchasing, even while physical stores still account for the majority of consumer expenditure, online buying is constantly growing. Additionally, many established brick-and-mortar chains are having trouble due to the COVID-19 pandemic's additional impact on in-store shopping. In the meantime, consumers are becoming more familiar with a variety of new small enterprises, direct-to-consumer merchants, and e-commerce entrepreneurs.
More than 263 million American customers purchase online , or almost 80% of the population, and Statista estimates that number will increase to 291.2 million by 2025. In the US, fashion, media, and electronics are the three most popular online buying categories.
According to a 2022 Raydiant study on US consumer behavior, 56.6% of poll participants say they prefer to shop online over in-person . That is an increase of almost 10% from the data for 2020.
If you need further assistance or answer, please don't hesitate to contact us.
We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.
Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.
PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.