In this day and age, business owners can’t do without online presence. Even if you’re exceptional in your brick-and-mortar operation, expanding your business into the eCommerce sector is inevitable if you want to grow. This article will tell you about the modern UK eCommerce, the importance of eCommerce, and how to get the right high risk merchant account UK.
The Modern UK eCommerce
As of 2017, there were 45.36 million eCommerce users in the UK. An additional 4.06 million users are anticipated to be shopping online by 2021. Four years from now, the mentioned 49.42 million eCommerce users will spend 2,251.82 USD online (on average).
The overall UK eCommerce revenue across all product categories was 82.11 billion USD. The number is projected to reach 108.64 billion USD by 2021. Fashion represented the top product category in the UK, with 25.45 billion USD market share. Next came Toys, Hobby and DIY, …