secure trading review

The recently published European B2C Ecommerce Report 2018 revealed that the UK ecommerce market is by far the biggest in Europe, with a total value of €178 billion. In fact, the UK market is nearly twice the second biggest market, France (€93.2 billion). Germany currently ranks third, with a total value of €93 billion.

Developed by Ecommerce Europe and EuroCommerce, the aim of this report was to analyse the massive UK ecommerce market to pinpoint trends across Europe. After examining the data, the following three main trends were identified:

  • European ecommerce turnover increased by 11% to €534 billion in 2017 and is forecasted to grow by 13% to €602 billion in 2018.
  • The European ecommerce market as a whole has almost doubled in the past five years (valued at €307 billion in 2013).
  • Western Europe accounts for more than two thirds (68%) of the total European ecommerce sales.

While Southern, Northern and Eastern Europe had lower penetration levels (12%, 8% and 6%, respectively), these emerging markets also show the fastest growth. For example, according to the report, Romania experienced ecommerce growth of 37% last year.

“These figures show how the fast-growing role of online sales is both driving, and responding to, changes in consumer purchasing behaviour,” said Christian Verschueren, director-General of EuroCommerce.

“In those markets where this trend is still slow, much progress could be made if more was invested in the communications and logistical infrastructure which ecommerce needs to work effectively if it is to thrive.”

Where to Find Merchant Services for Ecommerce

Even with the incredible growth of the ecommerce market, many businesses struggle to find the merchant services they need. Some business types and industries are simply considered riskier than others. Fortunately, there is a long list of merchant providers that specialize in offering safe payment processing and chargeback solutions to ecommerce merchants.

The key is to compare providers and choose the one that is right for your business and your plans for growth. If you need merchant services, consider the reviews and tips Best Payment Providers has to offer. You can easily compare information – like secure trading review – and find other helpful industry information, so you can keep up with the rapidly growing UK ecommerce market.

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 and secure trading review has helped thousands of business owners save money and time.