[eMarketer] Over 80 per cent of retail and food services ordered online will be paid via cards
Since the start of our forecast period in 2014, there has been a shift toward card-based payments.
This year, 83.6% of digital retail and food services transaction value will be paid via credit, debit, or prepaid cards for a total of nearly $894 billion in spending.
Card usage for payment of retail and food services purchases over the internet has been growing as other forms of payment like checks and bank transfers decline.
eMarketer Checks and bank transfers take up 3.0% and 7.0% of total digital retail and food services transaction value, respectively.
Online spending with credit cards takes the largest share of the total card transaction value this year, at 43.5% of total online retail and food services transaction value.