skrill

British people’s favourite payment method for online shopping

The virus epidemic in 2020 has increased the number of global e-commerce users by 9.5% year-on-year, reaching more than 3.4 billion. And this growth trend will continue in 2021 and will increase by another 10% year-on-year to reach 3.8 billion. In 2020, the scale of European e-commerce reached 707.1 billion euros, a year-on-year increase of 12.7% compared with 2019.

Among mainstream European countries, online shoppers in the UK, Belgium, Spain, France and Denmark prefer card payments, with a share of over 50%. But in many other countries, PayPal and local wallets also occupy a considerable percentage of the payment market.

British people like to pay by card

The UK is one of the most developed countries in the e-commerce market. Its e-commerce market is second only to China and the United States globally and ranks first in Europe. About 95% of people aged 15 to 79 will use online shopping, and their per capita online spending is also the highest in Europe. In the UK, people like card payment the most (accounting for 90% of online payments). In addition, British people also like to use PayPal, Skrill and other e-wallets.

About Skrill

Skrill was founded in 2001, formerly Moneybookers, headquartered in London, England. Now Skrill has become one of the most popular payment methods in the European market, covering more than 200 countries and regions, and has more than 40 million users worldwide. Skrill requires users to pass authentication, which needs to be confirmed by credit card, bank account and physical address.

About the Author

Linda Jeasie

Linda Jeasie is a writer and content editor with over a decade of experience covering consumer gadgets and mobile tech. Before going freelance, she got her start as an editor at MoneyGuide.com, a coupon and review website. These days she writes about gaming, life hacks, apps and software, and financial subjects for a variety of publications.