PayPal & AliPay Are Ranked as the Most Used Cross-border Shopping Online Payment Method With a Rate of 39%, 2017 | IPC
E-Commerce & Retail | Global
Cross-border shopping is the name given to the activity where in private individuals buy goods abroad because of lower taxes and import them for their own consumption, without declaring them in full in order to avoid paying import duties. International e-commerce is called cross-border e-commerce when consumers buy online from merchants, located in other countries and jurisdictions. Online trade between consumers and merchants who share one common language and border or which make use of the same currency are not always perceived as cross-border by consumers.
Take a glance at the most used online cross-border shopping payment methods:
- PayPal, Ali pay or equivalent are ranked as the most used cross-border shopping online payment method with a rate of 39%.
- Credit cards are ranked as the second most used cross-border online payment method with a rate of 28%.
- Debit cards come at next as a used online payment method for cross-border purchases.
A Chart Shows The Most Preferred Online Cross-Border Shopping Payment Methods, 2017.
International Post Corporation (IPC)
International Post Corporation (IPC) is the leading service provider of the global postal industry that provides leadership by driving service quality, interoperability and business-critical intelligence to support posts in defending existing business and expanding into new growth areas. It is a cooperative association of 24 member postal operators in Asia Pacific, Europe and North America. IPC’s solutions and services are used by over 180 posts worldwide. Since 1989 IPC has set standards for upgrading quality and service performance and developed technological solutions that help members enhance service for international letters, packets and parcels. IPC engages in industry research, creates business-critical intelligence, provides a range of platforms and programmes for member post CEOs and senior management to exchange best practices and discuss strategy.
