Most common online payments by type in the U.S. 2023 | Statista (2024)

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Most common online payments by type in the U.S. 2023 | Statista? ›

"Debit card" and "Credit card" are the top two answers among U.S. consumers in our survey on the subject of "Most common online payments by type".

Take credit cards, a major payment method in the US. Cards are still the most-used payment method, with American Express, Mastercard, Visa as large global card schemes.

Credit and debit card

Credit and debit card payments are the most common payment type. Credit card companies, including Visa, Mastercard, American Express, and Discover, extend credit to purchasers; they cover the purchase price, and customers pay their card balance every month.

We asked U.S. consumers about "Most used online payments by brand" and found that "PayPal" takes the top spot, while "Skrill" is at the other end of the ranking.

Similar to a credit card payment system, the debit card online payment system is one of the most preferred online payment options among people.

The top five online payment methods in the US: MasterCard, VISA, American Express, PayPal and Discover. Apple Pay, Google Pay and Amazon Pay are becoming more and more popular. Looking to accept these payment methods? Let us help you.

Traditionally, cash, debit cards, credit cards, and checks were the main types of payments. Now, more advanced forms of digital payments are becoming more popular. This includes online payment services, digital currencies, and electronic transfers.

The top 12 payment methods are credit cards, debit cards, prepaid cards, autopay, cash, paper cheques, Buy Now Pay Later (BNPL), Netbanking, mobile payments, UPI & QR codes, POS terminals, and digital wallets.

What is the future of online payments? ›

With global cashless payment volumes expected to increase by over 80% from 2020 to 2025, the digital payments industry is experiencing significant growth that's fueled by emerging payment trends and new payment methods.

Paytm is the largest in terms of users and transactions, however, PhonePe and Google Pay process more UPI payments. Apple Pay and Google Pay are the two global payment solutions, with Samsung Pay a distant third.

What is a secure payment method? Debit or credit cards are generally regarded as the safest.

Stripe: Best for payment customization options

Its application programming interface, or API, allows companies to customize their payment solutions to fit their requirements, making it a good option for large online-based businesses. Other features include advanced reporting, billing and invoicing tools.

There are numerous payment method types, but some common categories include debit card payments, credit card payments, cash payments, and NetBanking. Each of these has distinct features and uses.

Most purchases are made with debit cards, and then credit cards. An industry survey found that most consumers fall in the middle of the spectrum and use a variety of payment methods, and so 88% of consumers will use cash occasionally. Nearly 90% of people will use a card payment at least sometimes.