On May, 2014 Forbes released a report stating that companies across the world are becoming exceptionally interested in investing in technologies that link them to the Canadian market. Some firms are opening shop on Canadian soil, while others create separate, dedicated Canadian websites with complete hosted eCommerce solutions. For businesses already located in Canada, there has never been a better time to invest in Canada’s #1 Ranked Payment Processor, MONEXgroup.
OH CANADA! The Canadian market has recently become an attractive opportunity for businesses willing to invest in eCommerce. According to a recent report by Forbes, 87 out of 100 Canadian citizens have access to the internet. Compare that number to the amount of United States citizens with access to the internet (81 out of 100) and it becomes apparent why the Canadian market is a big player in the ability and the desire to purchase online.
Study after study indicates the importance of the Canadian market to anyone interested in eCommerce. According to a recent study by the CBC, online retail sales in Canada are set to grow to $33.8 billion by 2018. Last year’s Canadian online sales generated $20.6 billion – up 35% from 2010. With these figures – it is no wonder why dozens of international businesses (such as Amazon) are setting up Canadian-specific .ca websites.
Perhaps most tellingly, well-established stores that have long been involved in eCommerce are opening shipping channels to the Canadian market . Department stores like Macy’s and J.C Penney have decided that they cannot ignore the Canadian buyer. This is great news for Canadians who like to have a variety of options when searching for a good deal, but it is a troubling development for some Canadian businesses – who are without an online presence.
“The Canadian market technology has advanced to the point that businesses no longer need to choose whether to have a traditional storefront or an online presence – you need to have both,” commented Adam Lang, Marketing manager at MONEXgroup. “We offer eCommerce solutions that are powerful and affordable, which allows any business to succeed in today’s highly competitive online space.”
MONEXgroup offers eCommerce solutions, allowing any business to quickly and securely process online credit transactions and set up reoccurring payments from their website. Advanced security and risk management tools make the transactions safe and end-to-end network connectivity eliminates third-party gateway costs. Best of all, the MONEXgroup’s eCommerce solutions allow you to take payment in any face-to-face, mail order environments.
MONEXgroup is the #1 Ranked payment processor in Canadian market offering the lowest rates in the industry. Services offered include: Debit card and Credit card point-of-sale (POS) terminals, mobile, Integrated and eCommerce online payment solutions. MONEXgroup serves over 25,000 merchant accounts across Canada in all market segments including: restaurants, business-to-business, professional services, leisure and hospitality.
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