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Cards are the dominant online payment method in the U.S., used for 47 percent of all e-commerce transactions,41 or $348.74 billion in annual online sales.
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U.S. e-commerce payments trend: Digital wallet and contactless card use in the US is on the rise.
| Payment method | Payment split (%) |
|---|---|
| Card | 47% |
| Other | 9% |
| Digital wallet | 28% |
- What is the most preferred method of payment in e-commerce?
- Which payment method is the most popular amongst the customers?
What is the most preferred method of payment in e-commerce?
Credit cards are the most commonly used payment method in eCommerce. Since credit cards are easy and mostly safe to use, the high popularity of using them in online purchases is no surprise. Shoppers only need to enter their card details to finish buying the products at the checkout.
Which payment method is the most popular amongst the customers?
Consumers Prefer Debit and Credit Cards
Consumers still love the convenience of credit and debit cards, making them the most popular payment types, followed by checks and cash. These preferences haven't changed between 2019 and 2021.
