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70,000

English consumers have had problems with fraud or the means of payment in their online shopping


14. July 2009

English consumers are reluctant to shop online more than their European neighbors, especially the British, German and French, who are most active. Specifically, 20 percent of English has purchased something online in recent months, compared to 32 percent on average in the European Union, according to the Commission. One of the main reasons is the fear of fraud or that their credit card information or checking account can be stolen, according SAFETYPAY, the U.S. company secure online payment.
The arrival and consolidation in Spain means adapted to secure payment Internet feature will solve this problem and give a great boost online sales in the coming months.

70,000 consumers in Spain have made a purchase over the Internet in recent months claims to have had problems with fraud or means of payment. Amount representing 14 percent of the half million English buyers who have had problems with their online purchases (5 per cent of the total 10 million), according to the latest data handled by the Ministry of Industry, Tourism and Trade. Currently
fraud is committed by international gangs that operate transnationally. Cloned cards and act in a third country. In Spain observed over the past five years a 35 percent increase in such crimes.
In Spain, these problems generate fear and a pervasive sense of insecurity in online payments that are slowing the growth of this booming sector. The best example is that in Spain the area of \u200b\u200belectronic commerce moved last year 5.183 million euros in Spain, compared with 138,100 million euros in Germany, UK 84,900 million and 65,900 in France.

credit cards are a payment method designed for Internet

"The English are more careful about security of payments on line. Showing suspicious and do not like to provide your credit card data over the Internet. And they are not devoid of reason, because the truth is that credit cards are not suitable for payment through Internet. The network needs other form of payment that provide total security are beginning to reach the market, "said Julio Garcia, Director General of SAFETYPAY in Spain and Portugal.
This situation of mistrust and fear begin to fade with the onset of SAFETYPAY operations. The uniqueness of this online payment system is that it is the bank that makes it. Clients make the virtual and the final purchase, payment options, they choose SAFETYPAY. Operation purchase is sent directly to the bank and is the amount that facilitates the online store. Online Store does not, therefore, no access to customer bank details.