Online payments

The rapid growth of e-commerce globally is often put forward as one explanation for the declining transactional use of cash and an argument in favour of CBDCs. But cash is widely used and increasingly accepted online. However, its usage is not measured.

Amazon has announced it will stop accepting Visa credit cards issued in the UK, blaming the rising cost of merchant fees.

Digital platforms regularly encourage and sometimes force users to pay tips to provide a “seamless” customer experience. In fact, this practice enables tech companies to withhold part or all of gig workers’ tips.

With the launch of Amazon PayCode, US customers now have it easier by purchasing their online shopping items with cash thanks to Amazon’s latest checkout payment option.

39% of consumers pay only with cash in Switzerland, preventing them from shopping online until… now! Partnering with SBB, Barzahlen offers a solution to pay online purchases via train ticket machines.

Amazon partners with Coinstar making online shopping more accessible for those without a bank account, a credit or debit card.

Thanks to newly launched startup Cashly, Dutch consumers can now choose to shop online with cash.

US banking customers are most satisfied with services that offer both digital and bank branch access. In fact, some banks are reversing the trend and committing to opening more branches to respond to user needs.

Amazon has now expanded its cash-acceptance service to the UK allowing the unbanked and the underbanked to make online purchases without a credit card.

The FBI uncovered a new terrorist financing technique via the e-commerce platform eBay.