Credit Card News
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » News » Card Issuers » More Merchants Going with Visa Checkout

More Merchants Going with Visa Checkout

By
Add to Favorites:
More Merchants Going with Visa Checkout
January
26

Visa Checkout is having an upswing in growth with more retailers like Starbucks, HSN, Match, Walgreens, and the NFL Shop signing up for their payment services. The growth spurt for the payment platform came with start of the new year and it is becoming their fastest growing consumer product since it was launched a year and a half ago.

“We are seeing tremendous Visa Checkout growth as we enter 2016 and are greatly encouraged by the enthusiastic response from consumers and merchants alike,” said Sam Shrauger, senior vice president of Visa’s Digital Solutions. “By re-engineering the Visa card for the digital world, we’re delivering a better way to pay through connected and mobile devices. Currently Visa Checkout is being used by 10 million consumers with 600 financial institutions located in 16 countries around the globe.

Quick payments with Visa

With Visa Checkout shoppers can pay for everything from a coffee at Starbucks to a jersey at the NFL shop with a few clicks. They sign up for the service via the website. While they are signing up they load in their payment information. People can add in Visa, MasterCard, American Express or Discover credit cards, as well as debit cards. People can also get on board by signing up through their bank.
The information that they add into their system, including their financial data is encrypted, and multi-layer authentication is also employed to add another layer of security.

Visa Checkout and mobile payments a hit with consumers

According to Visa, new research by comScore 2, shows that Visa Checkout outperforms other check options when it comes to shoppers completing the checkout process. When it takes too long to check out using digital payment systems, people may abandon their cart.

The comScore survey was completed in December 2015, and found that with 86% of transactions shoppers started were completed when using Visa Checkout, reportedly outperforming other traditional online checkout systems, with a 51% conversion rate.

Visa’s own in house statistics seem to support the idea that consumers are using their mobile devices to shop and buy merchandise with just about half of Visa Checkout customers using a tablet or a smartphone, or some other kind of device to do their holiday shopping, up from six months ago when that number was closer to a third.

Add to Favorites:

Related News:

Samsung Pay Adds 19 New Issuers

By Dar Dowling, Posted: December 25, 2015

Samsung Pay has been growing its network of issuers since launching in August 2015, and recently expanded their reach further by adding new Visa and MasterCard partners to their lineup, including PNC Visa and KeyBank MasterCard credit and ... Continue reading
TD Bank New Cash Credit Card

By Dar Dowling, Posted: January 29, 2016

TD bank has launched the TD Cash Visa Signature Credit Card, offering 2% cash back when you eat out whether that's at Nobu, Starbucks, or MacDonald's. Continue reading
Sam's Club Now Takes Visa

By Dar Dowling, Posted: February 17, 2016

Visa and Walmart stores have inked a deal paving the way for Sam's Club, a division of Walmart, to begin accepting Visa cards starting this month. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.
For Excellent/Good Credit
1% cash back on select purchases, terms apply
For Fair Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit