Most popular payment methods for online purchases in Spain 2020
Buying and selling items online has become rather common over the last decade, as the latest studies can confirm. Spain is no exception to this trend, with its population gradually getting more comfortable with paying for products online. According to the latest figures, half of the Spaniards preferred to pay for their online purchases through their debit or credit card, whereas slightly over 40 percent were more inclined to use online payment systems such as PayPal as their payment method of choice. In contrast, only three percent of the population paid with cash upon 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.
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.
