The rise of cross-border e-commerce
There is a rapid increase in the cross border e-commerce due to the increase in online shopping and the liberty to pay with any kind of payment through the use of technology. Now people use paper money less and settle for credit and debit cards especially in the North American region. It does not mean every place accepts cards but it is slowly trending.
Many customers that shop online use the facility of using credit and debit cards that give rise to online paying methods. Whereas outside of the region of North America the methods used for payments are more prevalent and they cannot be considered traditional. There seem to be around 300 different yet important paying methods that are being used for e-commerce purchases that include the cards, bank transfers and not to mention digital wallets. Just in London there are around 140 different methods for payment. PPRO works with 170 different payment service companies.
36 percentages do not support the system of e-commerce
The merchants around the United States that consist of around 36 percentages do not support the system of e-commerce. Still the states have claimed that it will give a boast of 10 or 12 percent in the cross border e-commerce.
It should be kept in mind that the chance for cross-border e-commerce change importantly from one state and region to another as reported by an authentic survey conducted this year. It seems that Germany has an overall low rate of the cross border shopping. Further research showed that majority of the people of Germany only bought from the domestic e-commerce merchants.
There were also certain marketers that claimed to change the manner of local online payments. Germany once again has a high rate for the using of cash as means of payment rather than a credit card.