The Payment Methods of Online Shopping
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Online shopping has become increasingly popular in the United States, and with it, the methods of payment have also evolved. The most popular payment methods used for online shopping include credit and debit cards, PayPal, and digital wallets such as Apple Pay and Google Pay. Let's take a closer look at each of these payment methods and their prevalence in the United States.
Credit and Debit Cards:Credit and debit cards are the most common payment method used for online shopping in the United States. According to the 2020 Global Payments Report by Worldpay from FIS, credit, and debit cards accounted for 44% of all online transactions in the United States. This payment method is widely accepted by online merchants, and consumers appreciate the convenience and security that comes with using cards for online purchases.
PayPal:PayPal is a popular payment method for online shopping in the United States, with 28% of all online transactions in 2020 processed through this platform. PayPal allows users to link their bank accounts, credit, and debit cards to their accounts, making it a convenient option for online shoppers. Additionally, PayPal offers buyer protection, which provides peace of mind for consumers. (Go USAdorp for dropshipping orders fulfillment Now https://app.usadrop.com/u?d=NTYz)
Digital Wallets:Digital wallets such as Apple Pay and Google Pay are becoming increasingly popular for online shopping in the United States. These payment methods allow consumers to store their payment information on their mobile devices and make purchases using their smartphones or other mobile devices. According to the 2020 Global Payments Report by Worldpay from FIS, digital wallets accounted for 9% of all online transactions in the United States. Digital wallets are often preferred for their convenience, ease of use, and added security features.
The charge fee, also known as the processing fee or transaction fee, is the fee charged by the payment processor for each transaction. The charge fee varies depending on the payment method used. Let's take a closer look at the charge fees for some of the most popular payment methods in the United States.