Top Online Payment Method
It is expected that in the next three years, e-wallets will surpass
credit cards as the top form of online payment method. A recent
report said that the use of e-wallets will continue to rise, overtaking
credit cards by 2017.
Just two years ago in the UK the use of e-wallets for ecommerce
sales was at just 16.2%. That compared to 78% for people using
credit cards. The numbers in the next few years are expected to
change with e-wallets up to nearly 60% by 2017. There is no question
that alternative online payment methods are the fastest growing
type of payment methods in the world today.
The recent online report was looking at figures from 2012 where
it showed that in the UK, customers used credit cards about three
quarters of the time to make purchases for goods and services.
E-wallets were a distance second choice at about 16%. Those numbers
were much higher in other countries including China where e-wallet
transactions accounted for almost half of the online payments.
Customers who want to send and receive money online and pay for
goods and services including transferring money to online casinos
continue to choose e-wallets as a popular online payment method.
In the next few years the use of e-wallets should surpass credit
cards as the primary way to send and receive money and pay for