Retailers’ Choice This Holiday Season: Going Digital-First

COVID-19 has affected and continues to affect people and businesses worldwide. It’s accelerated the shift to digital commerce. Where can you find the best merchant account for eCommerce? How is the move to the commerce space being expressed? What to expect this holiday shopping season?

Going Digital-First This Holiday Shopping Season

Salesforce’s recent quarterly Shopping Index shows that global digital revenue increased by 11% year-on-year (YoY) during the third quarter. In Q2, the rise accounted for only 3%. Additionally, the U.S. Edition of the Global Digital Shopping Index shows that there has been a 60% increase in consumers’ digital shopping channel use since March 2020. 

  • The 2021 holiday season will see a 7% rise in digital rates, which will make up $1,2 trillion globally. 
  • Buy Now, Pay Later payment methods are of special importance in today’s world of commerce. It’s essential to use sound omnichannel systems that allow shoppers to make purchases online and in-store. The need for simple, transparent and financially responsible payment tools is growing. 
  • Consumers are expected to start ordering goods earlier this year to avoid out-of-stocks. So, store associates need to meet the growing demand.
  • The need for internet privacy is on the rise. First-party data, which is the data that companies collect and manage on their consumers, is increasingly playing a vital role. 
  • To create a digital-first experience, you should use commerce software that’s compatible and integrated between online and store locations.
  • Various new shopping habits are emerging that bridge the gap between online and offline commerce, such as Buy Online, Pickup in Store (BOPIS), as well as shopping bots and shoppable ads.

PYMNTS research has revealed that 35% of SMB merchants in the U.S. believe it’ll be a top priority to accept contactless cards over the next three years. To get quick access to the best merchant accounts for ecommerce, you should work with an expert payment processor in the country. For this, just turn to a trustworthy payments comparison specialist that pays exceptional attention to terms, complaints, and integration processes of payment processing companies. 

Going Digital-First This Holiday Shopping Season

The growth of digital commerce is going to make this holiday shopping season different from previous years. It’s crucial to work with a reliable payment specialist to enjoy the best for your business needs. 

Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of the best merchant accounts for eCommerce. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie with ice-cream on his backyard porch, as should all right-thinking people.