More than half of European consumers have made at least one online purchase last year. This percentage has almost doubled since 2006. The proportion of European consumers who make cross-border purchases has also grown, it has nearly tripled since 2006 to reach 15% last year.
Cross-border ecommerce is a very hot topic, as more online retailers are expanding their businesses abroad. Want to be inspired? Or just stay up-to-date? Read our articles about ecommerce companies who went or are planning to go cross-border.
Etsy has rolled out its payments platform called Direct Checkout to sellers in 12 European countries, like the United Kingdom, France and Germany. Also sellers from Australia, Canada and New Zealand are now able to offer more checkout options for buyers.
IcePay has completed a €2,6 million round of funding. With this money the payment service provider wants to expand internationally, with a focus on expanding within Europe. IcePay has a so called PSD license, which gives the Dutch company the right to act as a payment service provider throughout the European Union and European Economic Area.
Shopping online across national borders is getting more and more popular amongst internet users. The United States, Hong, Kong, Canada, Australia, China and Germany will see a combined total of $105 billion in cross-border online shopping this year and in the next five years it should almost triple to $307 billion.
American fans of Swedish retail-clothing company H&M will finally be able to shop online for their favorite dresses, shirts, jeans, accessories and more. H&M, which is known for their reasonably stylish clothing at low prices, revealed yesterday on Twitter that U.S. customers are able to buy their products online next month.
Zalando is only five years old, but the online retailer is already selling more than one billion euros worth of products in Europe. But while the fashion retailer generates big sales, it also have made losses every year since. That will change, Zalando knows for sure. “There’s no question about it”, says CEO Rubin Ritter.
Trusted Shops, an European trustmark for online shops with buyer protection, has expanded its services to Italy and the Netherlands. An expansion to Belgium is planned to go live at the end of this month. In the Netherlands it will face serious competition with Thuiswinkel.org, who is also one of the founders of Ecommerce Europe. And that organization also wants to have a pan-European trustmark for consumers. Is this a first sign of the start of a battle for the trust of the European shop owner?
The European Union is planning to introduce a contract law system which governs sales of products. But the European Consumer Organisation (BEUC) and Ecommerce Europe are strongly against this law, the Common European Sales Law, aka CESL.
Rad, which is a French dicovery platform for fashion, art and design products, has raised 2,5 million euros in funding. They received this amount of money in a Series A investment round led by Index Ventures. With the investment Rad likes to expand its site to the United Kingdom and Germany.
E-Commerce Polska has joined Ecommerce Europe. The newly founded ecommerce association in Poland thinks joining the European organization is an important step. “Working together with leading branch organizations all across Europe will enable us to expand our knowledge of important market trends and increase our influence on developments in legislation”, so says Grzegorz Wójcik, organizer of the Polish initiative.