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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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A Big List of Payment Gateways

Clearly Payments

BlueRush: Personalized customer experience platform with payment options (International). BlueSnap: E-commerce payment services provider (International). Bolt (formerly Checkout.com): Payment platform simplifying online checkout (International). Cash App (Square): Mobile payment service by Square (United States).

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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

In 2019, 77% of US consumers were using at least one type of digital payment system. What has grown more significantly is the number of electronic payments and alternative payment methods consumers now use. To check, simply contact your payment processing company to confirm.

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Statistics for Cash and Credit Card Use for Payments in 2024

Clearly Payments

A study by PayPal found that 77% of Gen Z and Millennials use credit cards for budgeting and rewards, but they’re also careful about not accumulating too much debt. In recognizing the significance of FedNow, we attain a comprehensive understanding of the ongoing enhancements in digital cash transfers across the nation.

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What Is a Convenience Fee & Should You Charge It?

Payment Savvy

A convenience fee is an additional charge added to a customer’s bill when they use a non-standard payment method. Essentially, it’s a way for businesses to offset the cost of processing these alternative payment methods while still providing a convenient option for customers.

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PYMNTS’ Matchmaker Recipe Guide For 2016

PYMNTS

Uber, Amazon, eBay, Airbnb, PayPal — the list goes on and on for days among businesses that have found ways to reduce the friction among stakeholders and become profitable to boot. Those looking to build innovative new payments platform often forget this step, notes Lars Dige Pedersen, CEO of Creditcall and chairman Of Xena.

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The Rise of Online Gaming in Australia and the Payment Solutions Driving It

Segpay

Payment companies are required to adapt their payment solutions to comply with legal requirements while ensuring seamless user experiences. PSPs must develop payment solutions that align with Australia’s regulatory standards. Other e-wallets include PayPal, Afterpay, Amazon Pay, Beem It, WeChat Pay, and ZipPay.