Google Shopping is beginning its transition to a commercial model in the United Kingdom, Germany, France, Japan, Italy, Spain, the Netherlands, Brazil, Australia, and Switzerland next month - a transition that was completed in the United States in October 2012 - meaning that, for the first time, merchants in said 10 countries must pay to have their products listed on Google Shopping.
As if this needed reiteration but mobile payments are definitely on the rise, with early data reports from Thanksgiving and Black Friday confirming what we all predicted - an increase in online commerce, and specifically, an increase in mobile commerce.
Shoppers are no longer impulsive. A recent study from Deloitte has found that nine out of 10 shoppers know what they're purchasing before entering a physical store - all thanks to research first conducted online.
Online conversions rates among UK shoppers are down almost 55% in the past five years, according to the latest IMRG Capgemini e-Retail Sales Index. In 2006 the average online conversion rate was 8.4%, but this figure has steadily declined to 3.8% in 2011 as consumers shift from 'online purchasing' to 'online shopping'.
TabJuice, a leader in social commerce, have created this nice infographic that illustrates initial shopping technology fears through the ages and how we overcame these. Fears over technologies like the credit card, online shopping and online banking as they emerged have largely subsided, only to be replaced by the next emerging shopping technology; social commerce.
Irish consumers spent €2.96 billion online in 2010 according to research published earlier this week by Visa Europe. This represents an increase of 39% from 2009 figures, where an estimated €2.13 billion worth of purchases took place.
PayPal, the world’s most popular online payments and money transfer service, have today announced that they’ve witnessed a three hundred percent increase in payments made on mobile devices during the official Christmas shopping season, when compared to the same period last year.