Credit cards dominate: But online retailers` interest in alternatives is strong

[mandy]

Credit cards continue to dominate how shoppers pay for the merchandise they purchase from web merchants, but more online retailers are taking a closer look at alternative forms of payment such as cash, deferred billing and e-checks...

...85.2% of all chain -retailers, catalog companies, consumer brand manufacturers, virtual merchants and consumer service companies taking part in the survey say that credit card -transactions account for more than 90% of their total sales. In contrast, only 9.4% report that credit cards represent less than 80% of their total sales.

More than one-half of all web merchants taking part in the study, 52.7%, respond that it is "very important" or "important" for a business-to-consumer e-commerce site to offer an alternative payments program compared with 47.3% who don`t plan to offer any

..alternative payments won`t -supersede credit cards any time soon as the industry`s main payments program... Cash, deferred -billing, e-checks and PayPal in time will drive more new and repeat sales by giving online shoppers new and -different options to pay for -merchandise..

full article: http://www.internetretailer.com/article.asp?id=16563

[thegateways]

Few credit card company are targeting the youth and teen customers by providing teen/student card etc, those customer will be the main focus in near future.

[valleygirl]

credit card -transactions account for more than 90% of their total sales

Well over 90%.