Do you want to know what’s the level of consumer trust in the UK? Where can you find the best merchant account in the UK for your business? This article will give answers to these questions.

 

Consumer Confidence in the UK

The consumer confidence survey held in the UK is called to reveal the level of consumer optimism about the performance of the economy in the next 12 months. The GfK Consumer Confidence is based on the survey results from nearly 2.000 consumers who rate the relative level of past and future economic conditions. This includes personal financial situation, climate for major purchases, overall economic situation, and savings level.

 

In June 2018, consumer confidence in the UK tumbled, with the consumer confidence index falling to 2 points overall to -9, as Britons reported a marked deterioration in their optimism about the economy.

 

Less than half of UK consumers or 46% reported they were willing to exchange personal data for free or discounted services, as a study showed.The Frost & Sullivan study commissioned by CA Technologies reported that UK organisations believed consumer trust was much higher than it was in reality.

 

56% of UK businesses interviewed said they were using consumer data internally. 47% reported they were selling customer data to other businesses. This is according to the inaugural Global state of digital trust survey and index 2018.

 

The mentioned study also showed that 83% of UK consumers chose security over convenience during the transaction authentication process. When it comes to UK organisations, theysee it differently. Only 60% of cybersecurity professionals and 59% of business executives thought security was ahead of convenience.

 

Improved GfK Consumer Confidence Index: Best Merchant Account

In August 2018, the GfK consumer confidence index went up 3 points to -7. Thus, it beat the market expectations and the previously registered point of -10. So, it became the strongest reading in 3 months.

 

What about your business? How are your going to beat the competition in your field? Do you have a reliable merchant account to start accepting credit and debit cards online? Why not turn to a reputable payment expert that can help you get the best for your business needs?

 

Working with a respectable comparison company, you’ll be able to find the best merchant account for your online business. A true professional in the field will offer you free consultation, reviews of contracts, as well as rates and fees.

 

With the right payment expert, you can get the most honest snapshot of the company at the time of writing. Make sure the company checks each processor’s integration process. Since the integration requirements are as much important as fees and customer service, only the right integration process can ensure a smooth transition and onboarding process for you.

 

Finally, it’s important to note that the index measuring the economic situation over the next 12 months remained unchanged (at -26) in the UK. Consumer confidence in the UK averaged -8.97 index points from 1981 until 2018. It reached its all-time high of 10 index points in June 1987 and fell to a record low of -39 index points in July 2008.

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