According to new research from Javelin Strategy & Research credit card share of online payments is expected to decline from 60% today to 44% in 2012. Debit card usage is expected to remain steady.
In addition to PayPal, Google Checkout, and Bill Me Later literally dozens of companies are competing in the alternative payments space. Each is hoping to deliver the most compelling mix of consumer convenience, real and perceived security, and merchant fees.
Online Payments Forecast: Alternatives Payments to Go Mainstream as Consumers Seek Security and Convenience
Javelin Strategy & Research