Posted by admin on Feb 25, 2010

 

Ecommerce is a bright spot among the recent dreary US economic news.  The number of online transactions increased by 11% in 2009.   Ecommerce now accounts for 5.5% of total US  retail sales.

According to Javelin

  • Ecommerce sales in the US were $205 billion in 2009, compared to $185 billion in 2008.
  • Although ecommerce increased in 2009, total retail purchases declined.
  • Credit cards are still driving purchase volumes and per transaction values
  • Credit cards use for online purchases declined in 2009, with many people using debit cards instead.
  • Debit card usage continues to grow as people keep tighter reins on spending.
  • Prepaid cards, gift cards and alternative payments will have the largest increase in compound growth in the next few years.
  • Security is still of paramount importance to consumers when making online purchases.

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