Most popular payment methods for online shopping in Spain 2021

Buying and selling goods online has become quite common in the last decade. Spain is no exception to this trend, with its population growing increasingly comfortable with paying for transactions on the internet. According to a 2021 survey, more than half of e-commerce users in Spain preferred to pay for their purchases via their debit or credit card, while almost 40 percent were inclined to use online payment systems such as PayPal as their chosen payment method. In contrast, only two percent of the population paid through cash on delivery.

e-Commerce in Spain and its most successful sectors

Electronic commerce has begun to see growth over the past decade, with its sales volume reaching figures of approximately 41.5 billion euros in 2018, differing greatly from the volume registered in 2007, which amounted to a mere 5.9 billion euros. The tourism industry was the business sector that most benefited from e-commerce services in 2018, with travel agencies and tour operators registering revenues of over 5.6 billion euros and air travel generating approximately 4 billion euros that year. Other important sectors that generated the highest web-based revenues in Spain included clothing and gambling, with sales totals approximately 2.3 billion euros and 1.6 billion euros respectively.

e-Commerce expenditure in Spain

According to the latest records, the average Spaniard increased their expenditure on products purchased online in the last decade, rising from 739 euros a year in 2007 to 1.36 thousand in 2017. The most common amount spent per purchase was 25 to 30 euros. Insurance and financial services ranked as the service that Spaniards spent most money on, with average spending amounting to nearly 3.6 thousand euros in 2017. Electronics also arose as one of the most common items that Spaniards spent their money on, with an annual expenditure of 785.2 euros that year.