German and Swedish online buyers avoid payment cards due to fraud concerns

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German and Swedish online buyers avoid payment cards due to fraud concerns

02-02-2007, 11:08 AM,

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mandy Offline

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German and Swedish online buyers avoid payment cards due to fraud concerns

Quote: Credit and debit cards are the most commonly used form of payment for online purchases in most of Europe, but concerns about online payment security help keep traditional methods such as bank transfers and cash-on-delivery at the top of payment methods for online purchases in Germany and Sweden...

But because users of payment cards spend more online than users of other methods like cash-on-delivery and bank transfers, merchants can boost sales by addressing concerns about online payment fraud with information on security policies that protect cardholder informationand convincing more consumers to use payment cards, according to Jupiters report, European online retail: Understanding the payment behavior of online buyers....

full article: http://www.internetretailer.com/dailyNews.asp?id=21280

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