Security Concerns Hinder Online Buying

Eight in 10 consumers who had a preference said they would spend more online if they had a safe and convenient alternative to credit cards, according to Javelin Strategy and Research's "2007 Annual Javelin Consumer Payment Poll," commissioned by PaymentOne.

Respondents said they would spend $100-$1,000 more annually with alternative payment options.

That "who had a preference" part was important, because many shoppers already buy with their payment method of choice, be it credit, debit, PayPal or something similar. The Javelin study shined a light on those who did not feel these existing options were safe.

Security and credit alternatives were the main factors that would get consumers to make more purchases.   

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