January 27, 2014

By Minal Bopaiah A new report says that credit and debit card processing will make up less than half of online transactions by 2017. Instead alternative payments like bank transfers, direct debits, e-wallets, mobile payments and alternate currencies like Bitcoin, will make up 51% of online payments, according to eCommerce processor WorldPay. Subscription sites have more time that others to budget for this transition, as consumers tend to try out alternative payment methods first on one-time eCommerce…

A new report says that credit and debit card processing will make up less than half of online transactions by 2017. Instead alternative payments like bank transfers, direct debits, e-wallets, mobile payments and alternate currencies like Bitcoin, will make up 51% of online payments, according to eCommerce processor WorldPay. Subscription sites have more time that others to budget for this transition, as consumers tend to try out alternative payment methods first on one-time eCommerce purchases. But already…