Hamburg, Germany, August 11, 2018 --(PR.com
)-- The preferred method of payment for online shoppers in Europe varies, through some trends transpire throughout the region. Taken as a whole, the most used methods for online purchases are traditional credit or debit cards and digital wallets such as PayPal, according to the yStats.com report. Yet some countries persist with payment methods that developed with online shopping over the last couple of decades: banking method iDEAL in the Netherlands, payment after receipt of an invoice in German-speaking nations, and cash on delivery in some economies of Eastern Europe.
The rise of alternative payment methods such as digital and mobile wallets has intensified competition among the various providers of such payment services. Sources cited in the yStats.com report indicate that mobile payments overall are growing in consumer acceptance, led by the Nordic nations and the UK.
While online shopping itself is boosted by the variety of payment methods, many potential shoppers remain wary of using any online payment method. Concerns about security of personal data are stated in sources cited in the yStats.com report, even in advance E-Commerce markets such as France and the United Kingdom.
For further information, see: https://www.ystats.com/wp-content/uploads/2018/06/2018.06.25_Product-Brochure-Order-Form_Europe-Online-Payment-Methods-Full-Year-2017.pdf
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