Prefered Online Payment Method
The most preferred way for consumers
in Europe to make online payments is still credit cards. While credit
cards are still popular, e-wallets and other payment methods are
on the rise because they are easier to use and oftentimes more reliable.
Credit cards accounted for the
largest share of transaction in Europe in the last quarter with
digital wallets in second place. Credit cards were the most popular
choice among consumers although it did vary slightly by country.
Card payment growth was up in the UK thanks to online payment methods.
Customers in France were choosing credit cards first while payment
methods like PayPal and Neteller were second in popularity. The
two most popular payment methods in Spain were credit card and Pay
Pal. Credit cards dominated the use in Sweden, Denmark and Norway.
That was not the case in Finland as online bank transfers were the
most popular online payment method.
There are a lot of online payment
methods that continue to be reliable in addition to credit cards
and many of them are easier to use and some are more cost effective.
Some of those options include Neteller, Skrill, EntroPay, ecoPayz,
Click2Pay, Paysafe, ClickandBuy, Ukash and the always reliable wire
transfers from companies like Western Union and MoneyGram.
Check out some of these online
payment methods today.