What are the most popular payment methods in ecommerce?

The world is constantly evolving. The same can be said for technology, which brings new solutions every day. Sometimes better, sometimes worse, but there is no stagnation, like during the covid-19 pandemic. This development also applies to ourselves. Nowadays, we focus on convenience, and this is largely important to us. Also in terms of payments. How does today's market look like in terms of financing methods for products in the technology, gaming and lifestyle sectors? Kinguin always meets the expectations of its customers, that's why you will find here all forms of payment for the games or software you are interested in, the way you like it, the way it is convenient for you and above all, safe.

Kinguin is a sales platform that offers not only the latest game titles, but also many software and digital licenses that you use every day. Since its inception in 2013, it has been a place created primarily out of passion for a wide range of software. Over time, Kinguin has changed and today we can say with full responsibility that not only will you find unbeatable prices here, but also a fully secure transaction system that you can choose according to your preferences. By observing our platform, we know what our customers choose most often when choosing a payment method.

PayPal has been leading the way for many years.

It can be safely said that PayPal dominates on Kinguin.net. Our platform records 55% of all transactions with it. Why is that? Certainly because of its ease of use. This method works basically like an online wallet. We can keep savings in it, funds to settle small payments, or recurring subscription fees. A huge advantage that Kinguin customers are guided by is the fact that PayPal is completely free. What's more? The user-friendly interface and intuitive design make PayPal a favorite for online payments. Its speed, simplicity, and ease of use are widely praised. Additionally, the method is very well secured and available in most countries around the world. For payments for games, licenses or work software - a quick and good solution. The only requirements that we have to meet are to reach the age of majority and, of course, to deposit money into our account in order to be able to use it without any problems.

Pay With A Credit Card 

While we've focused on newer payment technologies, some prefer the traditional route of credit, debit, and prepaid cards via Visa and Mastercard. According to Kinguin statistics, these methods account for 18% of all transactions. 

The most popular cards we use all over the world are still American Express, Mastercard, and Visa. According to 2023 statistics, Visa dominates in this area. This is the card we pay with in 123 countries. What's next? American Express is in second place in this ranking. This card is the most popular in 23 countries. Of course, in the USA and also in Great Britain. The last place belongs to Mastercard. The result is really impressive, because the popularity of this card reaches 22 countries. For example, Mastercard is a monopoly in Canada and Australia.

How does it look around the world?

It is said that every country has its own customs, so let's take a look at what dominates Kinguin in terms of payment methods and security by region. There's no denying that the aforementioned PayPal is a monopolist in this area, but not everyone uses the same solution. Nevertheless, the biggest players using PayPal are North America, Africa, Australia and Oceania. What's next?

For example, in Poland, the Blik payment method has become the most popular. It works very quickly and can be said to replace traditional bank transfers, as payments are made directly from registered phone numbers to a given bank account. All you need is a code that appears in the mobile application of a Polish bank. A local solution, but quite groundbreaking, and recognized worldwide as innovative.

Not far from Poland, in Belgium, for example, Bancontact Mister Cash is used, which works very similarly to the Polish Blik. When shopping online, you select the "Bancontact" option. You enter your login details, authorize and that's it. Simple and secure, because it is fully authorized by us.

One of the most popular payment methods in Germany is Klarna, as those users still prefer to connect and pay via local banks. An interesting fact is that Klarna gives consumers a lot of leeway. This payment method allows you to pay for a product up to 30 days after purchase. This means that after receiving the package, you can carefully check if everything is correct. The payment deadline can be extended. In some cases, it is also completely free.

In the Netherlands, residents choose IDEAL. This is no surprise, as it works almost identically to the Belgian Mister Cash or the Polish Blik. All of these methods have their own security features in the form of authorization.

Staying in Europe, let's talk about a country where tapas can be found on every street corner, which is Spain. In this country, the most popular payment method is PaySafeCard. How does it work? Essentially, you can summarize it by saying it's a prepaid card. You top up the card with a certain amount of money and can then use it for various online transactions, including on the Kinguin marketplace. It's akin to topping up a mobile phone. It works almost identically. The key thing to remember is that the card will only work for the specific prepaid amount loaded onto it. For example, if you have loaded the card with 50$, you cannot purchase something priced at 51$.

Asia, on the other hand, assumes that WeChat Pay is the best option for them. Interestingly, WeChat is a messenger, but it is so developed that it also offers a payment method. This solution is based on scanning a QR code and then authorizing the payment to the seller.

Traveling further around the world, we can come across a payment called PIX. It is the best-known payment method in Brazil. How does it work? It is an instant payment. Security matters are managed by the Central Bank of Brazil. It is the monetary authority that has full control over this issue. This has reduced the number of cash transactions. The offer quickly became a popular alternative for Brazilians. Interestingly, the idea itself has only been around there for a short time, since November 2020.

Interesting fact: some mobile operators also offer mobile payments. For example, we can buy a game on Kinguin and the amount of the purchased title can be paid in the form of payment at the next billing period. The amount will be added to the invoice, users can enjoy very similar experience on repayment like credit cards

Choice is power. You should feel comfortable, and Kinguin ensures that!

Kinguin offers you a wide range of payment methods. Our services are already used by over 18 million users, which makes us very happy! We prioritize your comfort and security. We are flexible and ready to help you choose the best option for you. You can choose from nearly 200 payment methods. Our marketplace offers a huge range of digital programs and games. How does it work? What is the distribution of codes on Kinguin? You will find all the answers in our latest article.

Summary  

Bringing it all together, technology is developing at an incredible pace, and we need to be ready for new solutions. Trade has also changed. It has moved online, and payments for digital products leave many questions, but also many possibilities. Kinguin offers a lot of payment options that will be in line with your region, but also with your preferences. We are committed to ensuring that everyone who shops on Kinguin is satisfied and feels good. Most importantly, we do not limit you based on where you are from. We come to you so that you can enjoy a new game, software or license every day. Jump on the Kinguin platform and let's create a cool community together!