People are starting to embrace 'alternative payments'
Wednesday 09 May 2012
Article by Mozo
Retailers have been forced to adapt to new ways of doing business, as the internet has changed people's shopping habits.
At the moment, credit and debit cards are being widely used to purchase goods from companies' websites.
It is almost second nature for us to scour the web for clothes, books, electronics or food before entering our card details.
Some people may still be getting to grips with this new-fangled way of buying items, but payment methods are continuing to evolve.
According to statistics compiled by WorldPay, "alternative payments" such as eWallets and direct debits are set to overtake credit cards as the next big thing in ecommerce, Econsultancy reports.
The organisation stated these payment methods are becoming increasingly commonplace in the US and UK in particular and this could soon spread down under.
By 2015, WorldPay is predicting eWallets to account for 43 per cent of the alternative payments market, while real-time bank transfers are also expected to become more popular too.
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