Though eCommerce had an unprecedented rise in sales, non-essential items’ sales decreased since consumers have been making purchases mainly online. If you need to get a better idea of what lockdown means for non-essential goods in the UK, as well as are interested in Payzone merchant services and other merchant-processing solutions, you’re at the right place.
UK Retailers Facing Lockdown
The lockdown hurt almost 70% of non-food retailing in the UK as of April 15. UK retailers who went on operating appeared under fire for non-essential eCommerce. More specifically, some retailers continued to distribute goods thought they weren’t offering essential items for sale.
The study of 34 non-food retailers in the UK showed that the cash flow was negative for five out of the thirty-four large non-food retailers because of the crisis. A number of retailers have suffered significant losses, including Debenhams. Other businesses are searching for a way to sidestep the created challenges as successfully as possible.
Overcoming the Crisis: Payzone Merchant Services
The COVID-19 pandemic made eCommerce even more essential to businesses in the world after the lockdown: consumers are making purchases online without hurrying to shop offline. In such situation, the use of the right payment-processing services is critical to your success. To find a great provider, turn to a reputable payment-comparison company in the country.
Make sure the comparison specialist focuses its attention on:
- The integration process
- Terms and the complaints associated with merchant-processing providers
- All the details that can help you avoid problems
- Customer service
Also, make sure the comparison specialist guarantees the most unbiased review of merchant services providers. A respectable processor-comparison expert can help you with any merchant service in the UK, including Payzone merchant services
So, the UK government ordered all non-essential retailers to close their doors on March 23 because of the pandemic. However, essential businesses such as food retailers and pharmacies could go on operating in the country. The studies in the field reveal that the retailers in the UK are faced with slow sales and losses. To take your business out of this critical situation, work with a reliable merchant-services comparison specialist.
Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of merchant accounts and can best help you with Payzone merchant services. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie on his backyard porch, as should all right-thinking people.