Based on the report by yStats.com, the global e-commerce market is no longer dominated by payments made via credit cards. yStats.com 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...
The adult sector is a lucrative industry. With the invention of the internet, adult services generate billions of dollars in revenue every year. Still many adult oriented businesses have a difficult time obtaining adult merchant accounts through traditional payment processors. Porn performers and businesses are met with discrimination from online payment processors like PayPal, WePay, and Google Wallet. Many have...
According to Credit Union Magazine, the credit card industry in the United States and Canada is at a cross roads. With profits falling and charge offs soaring, the industry that once raked in billions must now deal with a society that feeds on credit, but does not have the same ability to pay off debt as before. Not only does...
The online payment industry is beginning to shift. Credit cards remain the dominant online payment form in the United States but that will soon change. German firm yStats predicts that by 2017 alternative payment methods will be used for more than half of all B2C online transactions. The firm predicts that digital wallets and mobile payments will grow the fastest...
