Biggest e-commerce payment brands in the U.S. 2024 | Statista (2024)

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Biggest e-commerce payment brands in the U.S. 2024 | Statista? ›

We asked U.S. consumers about "Biggest e-commerce payment brands" and found that "PayPal" takes the top spot, while "Skrill" is at the other end of the ranking. Find this and more survey data on most used online payments by brand in our Consumer Insights tool.

Market share of online payment processing software on web domains worldwide 2024. In August 2024, PayPal continued to dominate the market for online payment processing technologies worldwide, holding a market share of 45 percent. Coming in second place was Stripe with a market share of approximately 17 percent.

PayPal. PayPal is the world's most widely used payment acquirer, processing over 22,3 billion payments in 2022. More than 30 million merchants and 400 million active customers use PayPal. Payments are made using a user's existing account or with a credit card.

Since its foundation in 1998, PayPal has become the most popular digital payment solution in the world with $27.5 billion in revenue in 2022, according to Business of Apps. This platform allows individuals and businesses to send and receive money electronically in a convenient and secure way.

"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". Find this and more survey data on most common online payments by type in our Consumer Insights tool.

We asked U.S. consumers about "Biggest e-commerce payment brands" and found that "PayPal" takes the top spot, while "Skrill" is at the other end of the ranking. Find this and more survey data on most used online payments by brand in our Consumer Insights tool.

1. Paytm. Paytm is an all-in-one payment gateway solution for Indian businesses. It claims a 100% payment success rate and has gained the trust of 300 million Indians.

American internet tycoon Mark Cuban, from Dallas, Texas, USA, bought a Gulfstream V business jet over the internet in October 1999. The jet changed hands for $40 million (£25 million).

What is the most popular online payment app? ›

PayPal is the go-to payment service for people that do a lot of online shopping. The service is convenient, multi-platform, easy to use, and almost universally accepted.

Both Paytm and PhonePe ranked as popular digital payment methods in India in 2020 and were more commonly used than credit or debit cards for online shopping.

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

We asked U.S. consumers about "Biggest contactless payment brands at POS" and found that "Apple Pay" takes the top spot, while "Microsoft Pay / Microsoft Wallet" is at the other end of the ranking.

With a market capitalization of $69.41 billion, PayPal holds 45% of the global payments market share, making it the #1 payment processor globally. Up to 36 million merchants use PayPal in over 165 countries worldwide. PayPal currently has 27,200 employees on its payroll.

In other words, payment processors handle the technical aspects of processing and authorizing transactions, while acquirers manage the financial piece, including establishing merchant accounts and facilitating communication with issuing banks. Both entities are key to a smooth and secure electronic payment process.

What are the top payment processing companies? PayPal, Stripe, and Square are among the leading payment processing providers, known for their strong security, extensive feature set, and simplicity of integration.