New Publication from yStats.com Shows Online Payment Preferences of European Consumers

Hamburg, Germany, August 11, 2018 --(PR.com)-- The preferred method of payment for online shoppers in Europe varies, through some trends transpire throughout the region. Taken as a whole, the most used methods for online purchases are traditional credit or debit cards and digital wallets such as PayPal, according to the yStats.com report. Yet some countries persist with payment methods that developed with online shopping over the last couple of decades: banking method iDEAL in the Netherlands, payment after receipt of an invoice in German-speaking nations, and cash on delivery in some economies of Eastern Europe.

The rise of alternative payment methods such as digital and mobile wallets has intensified competition among the various providers of such payment services. Sources cited in the yStats.com report indicate that mobile payments overall are growing in consumer acceptance, led by the Nordic nations and the UK.

While online shopping itself is boosted by the variety of payment methods, many potential shoppers remain wary of using any online payment method. Concerns about security of personal data are stated in sources cited in the yStats.com report, even in advance E-Commerce markets such as France and the United Kingdom.

For further information, see: https://www.ystats.com/wp-content/uploads/2018/06/2018.06.25_Product-Brochure-Order-Form_Europe-Online-Payment-Methods-Full-Year-2017.pdf

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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.

Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.

We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.