WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Website Related Website Revenue Thursday, November 26, 2020 
Add Press Release News | News Feeds Feeds | Email This News Email


How Did US Consumers Spend Online This Summer? ViaBill Shares 5 Top Categories
Wednesday, October 28, 2020

Analysis of consumers' online shopping habits shows an increase in work and entertainment, including computer accessories, toys, adult items, food and drink, and sports

NEW YORK, Oct. 20, 2020 /PRNewswire/ -- Fintech service provider ViaBill, which partners with hundreds of merchants to offer no-interest Buy Now Pay Later shopping experiences for consumers, continues to see increases across a handful of categories as shoppers purchase more goods online using ViaBill at participating retailers. ViaBill's data shows that many are making more purchases in certain categories this year. Looking at the most recent data through Q2 2020 reveals the following:

    --  An 84% increase in computer and accessories
    --  A 41% increase in toys
    --  A 39% increase in adult items
    --  A 39% increase in food and drink
    --  And a 34% increase in sports

"As we continue to see more shoppers purchasing goods online, this data showcases how people are living their life amid the pandemic and the 'new normal' here in the United States," said ViaBill North American President, Kristian Niedoborski Thøgersen. "Across the hundreds of thousands of transactions we track through our payment solution, we're witnessing an ongoing need for purchases that support working from home. Sports and entertainment categories are also up, showing that people are doing more activities at home -- they are both working and relaxing at home."

The Q2 data echoes some of the major increases in categories during Q1 2020 -- computers and accessories were also a top category last quarter, highlighting the ongoing need for people to set up home offices.

ViaBill is well positioned to track consumer spending habits. The global scaleup -- which handles half of all buy now pay later transactions in Denmark and is fast expanding in Spain, along with the thousands of U.S. retailers who rely on ViaBill -- creates a simple, transparent, and hassle-free payment method for online shopping, giving the opportunity to buy now and pay later by splitting payments into four installments with zero interest.

While not a traditional credit card, ViaBill's payments solution allows consumers to spread payments over time, showing a level of confidence in taking on new payment terms. ViaBill will continue to track trends and shopping habits during Q2 as the majority of the U.S. remains either shut down or in a state of slow reopening.

The company raised $10 million USD in a Series A funding round in February 2019, It plans to introduce new online and offline payment options in different markets over the next few quarters, while leaving the opportunity open for Series B investors.

ABOUT VIABILL

Since 2014, ViaBill empowers merchants and members with its Buy Now, Pay Later payment solutions. ViaBill delivers a convenient, flexible and competitive online payment option to Members when shopping with Merchants in Denmark, Spain and the United States. Payments are split into four monthly installments with zero interest. ViaBill is headquartered in Copenhagen, Denmark, with 93 team members globally, consisting of 24 different nationalities.

For more information, visit viabill.com

Media contact:

Bob Spoerl, for ViaBill
257135@email4pr.com
773.453.2444

View original content to download multimedia:http://www.prnewswire.com/news-releases/how-did-us-consumers-spend-online-this-summer-viabill-shares-5-top-categories-301155646.html

SOURCE ViaBill



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav COGNISTX Teams Up With Kriptos to Develop AI Cybersecurity Solutions to Shield Businesses From Hacks and Data Breaches | Nov 26, 2020
Nav Gateway Funnel Pros Launches a ClickFunnels Support Program That Can Reduce Stripe Chargeback Disputes Before They Happen and Automate Merchant Responses | Nov 26, 2020
Nav BeeSeen Solutions Announces Partnership with American Verification Processing Solutions (AVPS)! | Nov 26, 2020
Nav Chargeback Gurus Releases 2020 Card Network Mandates Guide for Card Not Present Merchants | Nov 26, 2020
Nav Introducing the paySupreme(TM) Prepaid Mastercard®, Providing a Value-Add Payment Option for Families of Incarcerated Individuals | Nov 26, 2020
Nav Urban Ministries, Inc. and HarperCollins Christian Publishing Announce New Partnership | Nov 26, 2020
Nav Honor Flight Network selects Roundit Financial Technologies Inc. to Enhance their US mobile fundraising capabilities | Nov 26, 2020
Nav Curriki Answers the Call from School Districts, Universities, and Nonprofits Launches CurrikiStudio AWS CloudFormation Template | Nov 26, 2020
Nav Winter Wonderland Themed United States Mint Ornaments Available November 20 | Nov 26, 2020
Nav Houston E-Learning Startup Piqosity Launches Free Online SAT and ACT Practice to Support Families Affected by COVID-19 | Nov 26, 2020
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News