Why PayPal is the most popular payment method in Germany?

Payment gateways are popular across the world. The convenience of paying with a single log-in and having a safe online account that is acceptable worldwide is certainly worthwhile. It is thus no surprise that PayPal is extremely popular in several countries around the world.

Europe in particular is pretty fond of PayPal. More than 20% of UK shoppers use their PayPal accounts to make online purchases. While those using credit and debit cards account for 75% in the UK, the fondness for and widespread use of PayPal is what surprises many. PayPal doesn’t have any credit facility, unlike a Visa or a Master, Amex or Diners issued by a bank or credit card company. Yet, PayPal facilitates a substantial chunk of online purchases.

The scenario across Europe is pretty similar to that of the UK. In France, more than 25% of online shoppers use PayPal. In Italy, more than 18% of online shoppers use PayPal. And in Germany, the number is a staggering 26%. In a way, Germans are the fondest of PayPal and similar payment gateways.

Germans do prefer bank to bank transfers as around 46% of online shoppers opt for direct debits or direct bank to bank transfer. The surprise is credit and debit cards which are used by just 9% of German shoppers. It is quite understandable as to why debit cards are not popular but then PayPal is. PayPal is accepted at almost all major shopping sites. It is accepted by companies across the world. It has been proven to be very safe and it is very convenient. One doesn’t have to go through a long payment form or any time consuming processing. Just a log in or using the account details and the purchase is done. It is this ease of use and of course safety that perhaps makes PayPal so popular a payment method in Germany.

PayPal is not just popular for online shopping. Even international courier services accept payments through PayPal and customers don’t mind using the gateway. Sending a courier to Germany is made more convenient with gateways like PayPal. One can use any account, from anywhere and as long as there is funds available, the transaction takes seconds. No wait time, no lag and one can make payments anywhere from any nook and corner of the country at any time. The popularity of PayPal is only poised to grow as ecommerce or online shopping becomes a bigger phenomenon.

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