Cash remains the popular option for online shoppers

Tuesday 28 October 2014 10:50 CET | News

Although debit and credit transactions have begun taking the place of cash globally, consumers still prefer to use their cash online, a recent report reveals.

A report conducted by Ukash reveals that nearly one third of online shoppers actually prefer to pay with cash. The 18-24 year old age group are the biggest users of cash online. Shopping online appeals to this group, but they also want payment choices that do not require a bank account or credit card. It therefore makes sense for retailers to offer these alternative payment solutions for their customers.

Findings also indicate that consumers prefer to pay with cash so that they do not have to provide their personal information when making purchases on the internet. Over a third (39%) of consumers said they have abandoned an online transaction because they thought they were being asked for too much personal information. Whilst consumers understand that the information they provide is required to protect them against card fraud and identity theft, there’s also a concern that being asked too much information might actually place them at greater risk.

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Keywords: cash, payments , online shoppers, payment choices, cash online, online payments, online transactions
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce