Your One-Stop Shop for Canadian Merchant Services

North American consumers spending more money online

14/05/2012 - By Frank LoSchiavo

Consumers are spending more online, a study found.

Tag: E-Commerce

Businesses that invest in payment processing services capable of completing card-not-present transactions online might be able to capitalize on a larger portion of ecommerce sales. A recent report by comScore revealed consumer spending was on the rise for web-based stores, up 17 percent during the first quarter, marking the largest growth since 2007. In fact, the digital business analytics company revealed that sales in the first quarter reached $44.3 billion.

A separate study by global media investment management firm GroupM showed that sales increases could be the result of consumers opening their wallets a little wider, as reported by eMarketer. GroupM found shoppers in the U.S. were spending approximately $100 more this year for online purchases, up to $1,042 per person. Canadian consumers trail behind with $1,009 per person on average.

The uptick in online shopping may be driven by consumers who are investing in new mobile devices for personal use, such as smartphones and tablets. ComScore's Q1 2012 Retail survey found a significant portion of tablet owners were using their devices for shopping - 38 percent said they made a purchase on them within the past month.

To make the most out of this trend, retailers can develop ecommerce sites with content and point-of-sale terminals optimized for viewing on mobile devices

Articles written by ChargeNational.com's editorial team. For more information, click here.

Related Blogs - E-Commerce

Social networks are becoming more important for many online retailers

17/05/2013 - By Louis Georgakakis

While many vendors may invest significant resources in their marketing plans, more retailers are benefiting from internet merchant account​ services to help them boost their sales.

Full Article

Many companies consider teamwork involved with e-commerce platforms

15/05/2013 - By Louis Georgakakis

It takes a team effort to succeed in the business world, and more companies are promoting collaboration among team members to incorporate e-commerce systems into their corporate strategies.

Full Article

Many businesses continue to benefit from e-commerce solutions

13/05/2013 - By Louis Georgakakis

More vendors could invest in e-commerce solutions in the near future, thanks in part to the long-term benefits provided by these systems.

Full Article

E-commerce solutions are driving business growth

08/05/2013 - By Louis Georgakakis

Wireless debit machines are helping many companies around the globe. In fact, the systems could become mainstays for many businesses, as these platforms enable firms to effectively manage patrons' transactions.

Full Article

Blog Archive