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(MoneyNewsWire.Net, March 21, 2018 ) According to the report “USA Cards And Payments Market - By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS And ATM's), By Payment Instruments (Credit Transfers, Direct Debit, Cheques And Payment Cards) - Transaction Value, Volumes, Historical Trends, Analysis And Forecasts (2017 -2021)”published by Market Data Forecast, The e-commerce industry transactions reached a value of USD 452.1 billion in 2017 with the majority of the purchases happened using the credit cards. Along with payment cards, PayPal transactions also accounted for the important portion of e-trade sales. The average online sales reveal the card penetration as 4.4 cards for each person. Although the mobile payment options like Apple Pay, Samsung Pay and Android Pay are gaining the momentum in online sales, the payment cards still find ample opportunities with the highly competitive market players.
Browse details of report @ https://www.marketdataforecast.com/market-reports/USA-Cards-and-Payments-Market-6687/
The report by Market Data Forecast predicts the e-commerce industry size to grow at an annual growth rate of 19.4% to reach 873.8 billion by 2021. The market is highly benefitted with the introduction of new features like the co-branded cards by the card issuers to promote the growing e-trade market.
The cash on delivery option provided by many merchants is having a greater impact on the online sales as customers prefer to pay the money after holding the product in their hands. However, various discount options, reward points and cash backs offered by the debit and credit cards are attracting more crowds towards the usage of payment cards for online shopping.
On the other hand, the special offers by the online retailers like low cost and various options to choose at convenience are encouraging the buyers to prefer cashless payments promoting the USA Cards and Payments Market. Around 60% of the online purchases were made using Visa cards in 2017, where credit cards dominated the debit cards in these transactions.
Moreover, there are some key factors that need to be considered while selecting the card payments for internet shopping. One such factor is the security, as 33% households in the US avoid online shopping due to the concerns of information security. The increasing growth rates of e-wallet, cash transfer and pay on delivery will certainly have a greater impact on the cards and payments market of the USA.
American Express, JPMorgan Chase, Wells Fargo, Capital One, Visa and MasterCard are the highly competitive and leading market players in the USA Cards and Payments Market.
Request Sample Brochure of the report for more information @ https://www.marketdataforecast.com/market-reports/USA-Cards-and-Payments-Market-6687/request-sample
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Abhishek Shukla
+1-888-702-9626
abhishek@marketdataforecast.com
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