PayPal Report Finds Cross Border eCommerce Outlook Still Strong in 2022

Paypal has released its latest Borderless eCommerce report for 2022 which looks at the cross border eCommerce landscape. Since the pandemic and the current supply chain issues along with inflation and recession fears, it has left the eCommerce landscape more volatile.

The PayPal Borderless Commerce Report dives deep into 14 different markets and outlines what these changes are, and what they mean for eCommerce businesses.

The PayPal Cross Border Commerce Report

According to a survey carried out in the PayPal report 57% of the shoppers surveyed already shopped internationally and 42% of shoppers feel more confident with cross border shopping now than they did a year ago.

Three key shifts observed in the survey indicate:

• Changes in how consumers live and work influence how they buy: 46% of online shoppers surveyed prefer retailers that offer flexibility with the option to spread payments.
  
• Economic uncertainty is playing a leading role in what shoppers spend on: 57% of online shoppers surveyed spent more on products they could enjoy with friends and family.
  
• As shoppers started to re-evaluate what was important to them, the brands they chose and why began to change as well: 59% of shoppers surveyed are willing to pay more for brands they feel do give back to society.

The Borderless Commerce Report is fantastically in depth and covers 14 different markets and offers great insight to eCommerce businesses looking to expand their cross border sales.

You can download the full report here.

Dave Furness

Dave is a Co-Founder of eSeller365. For over 10 years he has been involved with eCommerce with a particular interest in the marketplaces and the huge opportunities available for sellers when utilizing a multi-channel strategy. After a year of being the UK’s youngest eCommerce consultant, he built an education platform called UnderstandingE that showed the world how to utilize Magento as the “Third Generation of Multi-Channel software”.

Dave has also created a YouTube channel dedicated to entrepreneurship and eCommerce as well as a podcast dedicated to mental health awareness. When Dave isn’t working his main interests include learning and playing Chess, researching the Crypto and NFT space, and trying to find the nearest beach.