Skip to content
Merchant Account & E Commerce Payment Processing Insights

Merchant Account & E Commerce Payment Processing Insights

The motto at BAMS is to deliver superior customer support and education about merchant accounts.

Posted on November 6, 2017December 1, 2019 by Ivan Szabo

The Undoing of Brick and Mortar by E-Commerce

Commercial store fronts in an empty shopping center due to the possible increase in e-commerce

With the Internet came the ability to shop without setting foot into a retail store. Now with high-speed internet, customers can shop on-the-go using their smartphones and tablets, and this is choking sales for brick and mortar retail stores. The last few years have witnessed the stubborn stagnation of retail sales while e-commerce sales are soaring. This phenomenon is a testament to the inevitable demise of traditional retail stores which you can avoid by creating an online presence now.

Why customers prefer to buy in online e-commerce

The Internet is more than likely to outlast any of us but if you choose to wave off the writing on the wall as a temporary side effect of the dot-com bubble, here are some of the reasons why customers prefer to buy online:

  • Convenience. This is the biggest incentive for e-commerce processing. Buying online is free of the hustle of long queues and rushing to beat rush-hour traffic saving customers’ valuable time. As if that is not enough, online stores don’t close early or open late which grants customers 24-hour shopping experience, especially for downloadable informational items.
  • Variety. Unlike in physical retail stores, the shopping experience online is not limited by a shelf or floor space. This offers customers a greater selection of brands, colors, and sizes than what is available at their local retail chain, not to mention the gains of online reviews and price comparisons.
  • Gifting family and friends. With e-commerce, sending gifts requires neither talent for gift-wrapping nor a Master’s degree in arts and crafts. Once a customer finds the item they want to gift, they can customize and then send it in a matter of clicks. Distance is not an excuse.

Conclusion

Online retail sales are gathering momentum at an intensifying pace and e-commerce will surge past regular retail in a matter of years. Contact our experts to stay ahead of the revolution.

CategoriesBAMS Blog, Business Tips, E-Commerce, NYC merchant services, Online Payments Tagsbenefits of selling online, buying online, ecommerce merchant account, ecommerce processing, ecommerce store, online shopping

Post navigation

Previous PostPrevious EMV vs Magnetic Stripe Systems
Next PostNext NYC Merchant Services Processing

Recent Posts

  • Parrot Sports Gear – BAMS Customer Success Stories
  • Accept Apple Pay in Your Business Now. It’s Easy!
  • Via Seating – BAMS Customer Success Stories
  • What is OptBlue by American Express?
  • SHASHI Socks – BAMS Success Stories

Categories

  • BAMS Blog
  • Business Tips
  • Chargeback Prevention
  • E-Commerce
  • EMV Chip Card Acceptance
  • Fraud Prevention
  • Gift Cards
  • Loyalty Cards
  • Merchant Services
  • Next Day Funding
  • NYC merchant services
  • Online Payments
  • Success Stories

Archives

  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • April 2019
  • March 2019
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • September 2017
  • August 2017
Proudly powered by WordPress