Compare Credit Cards with CardSmart

Home » Credit Card News » Card Protection & Fraud » Online merchants 'must offer a variety of payment methods'

Online merchants 'must offer a variety of payment methods'

Online retailers should offer consumers a choice of payment methods, according to director of e-commerce operations at ClickandBuy.

More from Card Protection & Fraud
7 May 2009

Online merchants 'must offer a variety of payment methods'”

Bookmarks

Director Nick Drew said that a variety of payment methods, which usually include credit cards, makes consumers feel safer shopping online.

He said: "British consumers are creatures of habit. If they have a favourite method of payment with which they feel safe and comfortable using, then they are more likely to want to continue using this rather than try something new."

He said that consumers may feel that a site is more legitimate if it has been vetted by more than one payment company.

His comments follow the release of data from a survey by YouGov, commissioned by ClickandBuy, showing that 50 per cent of frequent online shoppers will cancel their purchase if they realise that their preferred method of payment is not available.

Mr Drew suggested that e-commerce was likely to grow, but only for retailers who offer a variety of payment methods.

Written by ©

Credit Cards	0% Balance Transfers	0% Purchases	APR Representative (Variable)
	Tesco ClubCard Credit Card
	9 months	15 months	16.9^%
16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable).
	Virgin Credit Card
	20 months	3 months	16.8^%
16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable).
	Barclaycard Platinum with BT
	22 months	3 months	17.5^%
17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable).
Compare More Credit Cards...

The content and information on this website are intended as general information only and shall not be construed as financial advice or recommendations of any nature in accordance with the Financial Services and Markets Act 2000 nor is it intended to address specific financial requirements. Read more... We strongly recommend that you seek independent financial advice before using and/or relying on the information made available to you or prior to purchasing any financial product/service listed on the Website. Whilst every attempt has been made to ensure that the content and information published are true, correct and up to date, no warranty, guarantee or representation is given as to its accuracy, reliability or fitness for a specific purpose.

The Best Buy credit card comparison tables feature financial products/services of our advertisers and may not necessarily constitute the best offers in the market for each of such products/services.