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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

Regional Penetration : In North America, over 70% of online purchases are made via credit cards, while only 10% of European consumers prefer this method. Growth Trends : Despite the rise of alternative payment methods, credit card transactions continue to grow in sectors like travel, accounting for 60% of all travel bookings globally.

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Statistics on How Much Merchants Pay for Payment Processing in 2024

Clearly Payments

Additionally, the use of alternative payment methods like mobile wallets (e.g., Alipay, WeChat Pay) and bank transfers is prevalent, which can sometimes result in lower fees compared to traditional card payments. Additionally, the growing use of alternative payment methods, such as local digital wallets (e.g.,

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