According to the UK-based research company Juniper Research, the global cross-border e-commerce value is expected to make up $2.1 trillion in 2023. This is the first time cross-border has surpassed $2 trillion, thus representing a 13% rise as compared to $1.9 trillion this year and is anticipated to make up 38% of all e-commerce sales in 2023. Do you need help with cross-border sales industry or with a payments company like First Data?

eCommerce Gaining More Traction

eCommerce models are evolving to represent models like Buy Now Pay Later (BNPL) and click and collect. Cross-border options are becoming more popular and widespread around the globe. Some believe cross-border eCommerce vendors should offer localised eCommerce models. Otherwise, they won’t be able to use options that better cater to consumer needs.

It’s also important to note that Amazon and similar major vendors will sell goods to consumers on behalf of cross-border vendors. And this will be a big contributing factor to growth.

Cross-Border eCommerce Europe, the UK

In Europe, cross-border eCommerce was worth 171.2 billion euros in 2021, which represents a 17% rise as compared to 2020. Online businesses in Europe generated a cross-border revenue of 100 billion euros. Specifically, e-commerce revenue in Europe is forecast to make up $569,2 billion in 2025.

In the UK, outbound e-commerce sales registered an overall 57% year-on-year (YoY) rise in 2020. The peak holiday trading period in November resulted in 42% YoY like-for-like growth in international cross-border online sales as compared to the same period in 2019. The information is from the Cross-Border Index from IMRG.

If you’re in the eCommerce space interested in reliable and cheap merchant-processing solutions in the UK, turn to a reputable payments-comparison specialist in the country. With a respected payments expert, you can find quick access to the safest, most advanced, and cheapest payment-processing services.

Whether you’re interested in First Data or any other merchant-services provider in the UK, a true expert in payments that’s focused on terms, complaints, and integration, can help you come up with the best deal for your financial needs.

Cross-Border E-Commerce Growing

Cross-border e-commerce sales are growing worldwide. To get quick and hassle-free access to the right payment-processing services in the UK, turn to a respectful payments-comparison expert in the country.

Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of payment companies like First Data. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie with ice-cream on his backyard porch, as should all right-thinking people.