E-commerce continues to dominate the consumer sales market. In fact, many brick-and-mortar stores are now being threatening by online sales.
E-commerce is a multi-trillion dollar industry. Many people prefer to shop online due to its convenience and highly competitive atmosphere. It's easier to shop online and have the product delivered to your home or business instead of actually visiting the store. Additionally, the competitive atmosphere of the Internet creates low prices that traditional brick-and-mortar businesses struggle to beat.
In 2015, Amazon surpassed Walmart to become the most valuable retailer in the United States. As of the third quarter in 2016, Amazon is the fourth most valuable public company.
E-commerce businesses use payment services like PayPal to send and receive payments. Because e-commerce businesses conduct transactions over the Internet, they can't easily accept cash as a form of a payment. Therefore, they seek other solutions to conduct their day-to-day operations, such as online payment services. These services are designed to facilitate the transfer of money between two parties over the Internet. The payment service provider typically charges the merchant a fee, typically ranging from 3-5%.
There are many payment solutions available for e-commerce sites, however. The following two reports explore the e-commerce payment market, revealing professional insight into this fast-growing market.
The Global E-commerce Payment Market Size, Status and Forecast 2022 report by Research Beam offers an in-depth look into the world's e-commerce payment market. Among other things, it provides detailed information on the market's production, revenue, drivers, challenges, key manufacturers, trends, growth opportunities and more. Furthermore, the report explores insight into the market's cost structure, marketing channels, distributors and traders. Whether you're a professional in the e-commerce payment market, an investor, shareholder or simply a consumer, you should check out this report to learn more about the market and where it's headed.
Some of the key e-commerce payment vendors profiled in this report include AliPay, MasterCard, PayPal, Visa, Dwolla, WePay, and ACH Payments.
The Global E-Commerce Payment Market 2016-2020 report by Research Beam is a second comprehensive study of the global e-commerce payment market. It cites the heavy competition of online payments as being a prime driver for the market. Security and privacy concerns, however, are challenges faced by the e-commerce payment market. The report provides a detailed list of both market drivers and challenges, though you'll have to buy the report for a complete list.
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