Ecommerce Payment Statistics

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Let's look at some impressive e-commerce statistics for online payments.

13. When it comes to paying for online orders, credit cards are still the most popular payment method , with 53% of transactions.
When it comes to paying for online orders, credit cards are still the most popular payment method at 53%.
Credit cards reign supreme, but the future of e-commerce payments is digital. While a solid 53% of customers still prefer credit cards , that statistic shouldn’t overshadow the rise of digital wallets and debit cards, which follow closely behind at 43% and 38%.

There is no doubt that digital payment methods, such as Apple Pay and PayPal, offer a faster ivory coast telemarketing data and more convenient experience for shoppers, so integrating them into your website can dramatically increase conversions.

Ultimately, every step a customer has to take to complete a purchase adds friction to the process. Digital wallets eliminate the need to manually enter card information, streamlining the checkout process and making customers happier.

14. In one survey, half of e-commerce business owners said they lose about 10% of their international revenue because their payment providers don’t have flexible payment options.
If you don't have the right Payment Gateway on your site, people will leave without taking action. You don't want to put your visitors in this situation, because not only are you leaving money on the table, but there's a good chance they won't come back even if you add their preferred payment method later.

The solution is to offer a wide range of payment methods as early as possible. When customers have options they trust and use regularly, they are more likely to complete their purchases.