Need an Internet Merchant Account UK?

In 2107, a record number of stores closed in the UK. The situation is going to continue this year as well. More than 3.600 closures are expected in 2018, according to an analysis by Business Insider.

The Retail Apocalypse

Online outlets continue to enjoy unprecedented growth. It’s been another tough Christmas time for the High Street. Walgreens, Toys R Us, and Gap are some of the many retailers that are planning to close hundreds of stores in 2018.

In 2017, Toys R Us announced it was preparing to close a quarter of its UK stores, which would result in the loss of hundreds of jobs.

Gymboree, the children’s clothing retailer, announced in July that it was going to shut 350 stores. As of November, the retailer had closed 248 stores. The Children’s Place is going to shut 144 stores by the year 2020.

New Look, a clothing retailer, goes on struggling against hard economic conditions on the High Street. New Look has recently had an 8{c9fe1350771a6519836df9653093e3e14132fe29642fa68e3c420d616ac11d48} drop in like-for-like sales. The retailer thinks it’ll close stores.

Are you running an online business or planning to open one? No worries, a payment expert in the UK can help you enjoy the best deal for your business. With a respectable comparison company, you can get the best reviews of payment processors, free consultations, contract reviews, the best rates, fees, and the most honest snapshot of the company at the time of writing. Thanks to the right payment specialist, you can open an Internet merchant account UK easily and affordably.

Online Shopping in the UK Continues to Grow

UK shoppers are increasingly cutting their trips to brick-and-mortar stores. Instead, they’re looking for deals on the Internet. The amount of money people spend online has increased year over year: shoppers need good value for money, according to Royal Mail’s Delivery Matters. What do statistics show?

  • On a monthly basis, the average online shopper pays £40 for buying clothes, and 55{c9fe1350771a6519836df9653093e3e14132fe29642fa68e3c420d616ac11d48} of women doing shopping purchase clothes online
  • 1/4 of shoppers now pay for delivery subscriptions, and Amazon is chosen as the most common retailer for subscriptions
  • Amazon and eBay are the top popular online clothing outlets, and M&S and Next play a leading role on the High Street

With eCommerce growing and expanding incredibly fast, many brick-and-mortar stores are forced to shut. Turn to a reputable payment company to get the best payment processing services so to grow your business successfully.

Author Bio: Electronic payments expert Taylor Cole is a passionate entrepreneur who enjoys to write, produce music, and travel. Bestpaymentproviders is the UK’s best Internet merchant account UK company, serving both traditional and high-risk merchants.