Wednesday, August 31, 2011
More small and large businesses are choosing to take advantage of the massive consumer base in online sales, and adjusting their payment processing services accordingly to handle the shift. Many small businesses have managed to grow through the turbulent economy of recent years, while some big businesses are slowly adapting to online consumer payments as a means of survival.
Dollar General, one of the more popular convenience stores in the nation, recently released a statement explaining its decision to create an ecommerce site, and release it to consumers in early fall. According to the company, product offerings will be expansive on the website, while some goods will only be available through the website, a possible strategy to drive online traffic.
"Dollar General is excited to meet the growing demand for online convenience and value," Dollar General CEO Rick Dreiling explained in the statement. "We have streamlines the online shopping experience, giving customers what they need, as well as what they want, 24 hours a day, seven days a week, 365 days a year."
Many businesses that have adapted to the trending online marketplace have experienced increased consumer payments, even in tough financial times. According to Goldman Sachs, online sales are expected to approach $1 trillion in annual revenues in the next four years.