Cross-Border Shoppers Worldwide Favor PayPal

Paying with credit cards is second

Author: Rimma Kats

February 14, 2017

When it comes to shopping online, consumers have a variety of different payment methods they can choose from. Most prefer PayPal—or something equivalent to it, like Stripe, Google Wallet or Amazon Payments. 

October 2016 research from postal industry service provider International Post Corporation surveyed cross-border digital buyers across 26 countries. More than four in 10 respondents—who purchased goods online in the past three months and made a cross-border purchase online in the past year—said they prefer to pay for their online purchases via PayPal, or an equivalent service. 

Credit cards were also a common response, with a third of digital buyers worldwide saying it was their preferred payment method, followed by debit cards or bank transfers. 

Respondents had less interest in using cash on delivery or prepaid cards to pay for their digital purchases. 

Many people—including those in the US—like transacting via PayPal because they consider it to be a secure option. Separate US data from merchant payment services firm TSYS found that it was considered the second most secure payment method for digital purchases. 

What did they consider to be the safest payment method? Credit cards.