SAN JOSE, Calif.—A new study shows PayPal to be more popular than credit and debit cards for online purchases in all geographies, except China, with 78% using PayPal vs. 48% using credit cards and 45% using debit cards.
Credit Suisse's User survey found the margin was even larger for cross-border purchases—61% PayPal, 15% credit cards, reported Smart Stock News.
In late March Credit Suisse conducted a global survey of online payments to get a better read on usage trends for the core PayPal wallet, noted Smart Stock News. Countries surveyed included the U.S., Germany, Russia, U.K., France, Netherlands, Poland and China.
Bank funding was cited as the most common way to fund PayPal accounts, averaging 75% of users globally and 68% in the U.S. vs. 25% and 44% credit card funding globally and in the U.S., respectively.