No matter if it’s the Black Death in 1348 or COVID-19 in 2020, both have put businesses and states into a catastrophic situation. If you’re interested in how pandemics affect corporations and need to open a reliable high risk merchant account UK, you’re at the right place.
The Impact of Pandemics: Past & Present
June 1348 brought mysterious health symptoms for people in England. They turned out to be caused by the so-called Black Death, which later killed 1/3 – 1/2 of the population of Europe and the Near East. This soon devastated the whole economy.
The number of deaths caused by COVID-19 is lower as compared to the one caused by the Black Death. However, the economic devastation is higher because of the modern globalised economies, which are highly integrated.
COVID-19 resulted in an unprecedented increase in online shopping. Many think the large corporations in this sector will continue to have such dominance in the future as well.
Technological developments have played their role in spreading the virus and also have helped make the impact of it less severe. Modern technology advances enable people to connect, work, make purchases, and not only.
Pandemics Fueling Corporations: High Risk Merchant Account UK
COVID-19 has put many out of business and accelerated the growth of certain corporations such as the giants of online retail like Amazon.
The shift towards the online world has created more opportunities for certain businesses. The food and tourism sectors are among those that’ve been hurt most. Almost anywhere in the world, so many small restaurants, pubs, and shops were forced to shut their doors.
If you’re among merchants hit by the crisis and need reliable merchant services, turn to a reliable merchant-processor comparison expert in the UK. Thanks to a reliable and experienced payments-comparison specialist, you can find the most trustworthy services, including a high risk merchant account UK.
So, it’s critical for companies to build robust emergency plans to prevent a pandemic from progressing and make its impact less severe.
As you see, both past and present pandemics result in massive economic, human and social crises. So, it’s vitally important to develop the right plan and work with reliable payment specialists to reach success.
Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of merchant accounts and can best help you with a high risk merchant account UK. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie on his backyard porch, as should all right-thinking people.