Recent Report On How Emerging Markets Affect Alternative Online Payments

Apr 19, 2017

Based on the report by, the global e-commerce market is no longer dominated by payments made via credit cards. is one of the world’s leading secondary market research companies.

Emerging markets contribute to global online retail revenues. On the other hand, online consumers in advanced markets show changing preferences. All these factors made alternative payment methods account for a higher share of e-commerce sales in 2015 as compared to traditional credit card payments.

It’s expected the share of these alternative payment methods will grow through 2020, while credit and debit cards are likely to lose several percentage points in their share.

Merchants can get some of the best payment processing options from reputable high risk processors like Voted the #1 high risk payment processor in the US, EMB is the best choice for alternative online payments. With EMB, you can get services tailored to your own business needs. As the top high risk merchant account processor, EMB offers unmatched chargeback protection and prevention services in the industry.

Consumers in established markets like the US, Canada, Japan, Australia, the UK, and France still prefer to pay via credit cards. Consumers in markets like China, Italy, and Mexico mostly prefer e-wallets like Alipay and PayPal. In selected emerging markets like Russia, consumers tend to make payment by bank cards.

According to the report, e-wallets were the world’s 2nd most popular online payment method after bank cards, representing 1/3 of all worldwide e-commerce sales. Other popular alternative payment methods include bank transfer, direct debit, cash on delivery, payment by invoice and in-store payment.

It’s important for merchants to find the proper mix of options depending on where they want to sell because different markets have different preferences regarding the alternative payment methods.

Overall, since online shoppers have diverse payment method preferences, it becomes necessary to offer a range of payment options. This is an issue for consideration for 3/4 of online merchants who accept at least 3 different online payment options, according to a 2016 survey cited in the report.


Let us help you get a high risk merchant account today!

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

Live Chat