Australian Online Shoppers Payment Methods
Published April 1st, 2006
OZtion, Australia’s second largest online auction site (www.oztion.com.au) has today announced the results of their recent survey into the payment preferences of Australian shoppers purchasing products online.
In February 2006, OZtion conducted research into the payment preferences of both Australian shoppers and Australian businesses and individuals selling products online at www.oztion.com.au.
The survey found that 57% of shoppers prefer to pay for online item purchases using direct bank deposit. 31% prefer using a third party secure online payment system such as Paymate (www.paymate.com.au). Money orders/cheques were preferred by 5%. Credit Cards were preferred by only 5% of respondents. 1063 Australians responded to this question.
The Australian Government regularly issues warnings to online shoppers. The Australian Competition and Consumer Commission (ACCC) issued advice in February 2006 instructing Australian online shoppers to avoid paying for products via direct bank deposit, recommending instead the use of credit cards or third party payment systems such as Paymate.
