Ranging from news articles to recent CEO interviews.
A boom in eCommerce sales for 2014 has been the motivating factor in Payscout’s expansion into territories all over the U.S.
(Los Angeles, CA) July 21, 2014—This year, business-to-consumer (B2C) eCommerce sales are expected to reach $482.6 billion in North America alone. Many companies are expanding rapidly to meet the demand of these consumers, and credit card processing companies are not falling behind. Payscout, Inc., a global merchant processing company that specializes in multi-currency processing and managed risk processing, has responded to the 20% growth in B2C sales by expanding into several U.S. territories, including Puerto Rico, Guam and the Virgin Islands.
eMarketer reports that the surge in B2C sales will reach nearly $1.5 trillion worldwide, with most of that growth attributed to the “rapidly expanding online and mobile user bases in emerging markets, increases in eCommerce sales, advancing shipping and payment options, and the push into new international markets by major brands.” These figures suggest to companies worldwide that growth is crucial to survival in the market of commerce. With 28 additional territories gaining access to their services, Payscout is responding accordingly to this increased demand.
“Companies that choose not to expand may soon find their business operations at a stalemate,” said Payscout CEO Cleveland Brown. “The industry of commerce—specifically eCommerce—is at a pivotal point right now. With sales multiplying as they are, we must respond to our consumers’ needs and move with them, or declare ourselves idle.”
Payscout now boasts 10 new territories in Puerto Rico, seven in the Virgin Islands and six in Guam, as well as others in the Mariana Islands.
Payscout’s clients range from small mom-and-pop retail stores to large Internet eCommerce websites. By offering services in these additional territories, Payscout will continue aid in the secure, uninterrupted processing of their merchants’ transactions.