Payshop is a cash-payment service. When shopping online, customers select the Payshop logo and can pay via cash over the counter in a brick-and-mortar store supporting Payshop. Once payment has been submitted, the merchant receives confirmation, and the purchase can be delivered.
Just 34% of Portuguese have a credit card. This makes supporting alternative and locally preferred payment methods crucial to any e-commerce strategy.
Other cash-payment methods in the country include PaysafeCash.
The benefits of cash-payment in Portugal
- Portuguese shoppers use cash in 13% of all online purchases.
- The e-commerce market will grow in value by almost US5billon between 2021 and 2024.
- Portuguese already spend US$1.5 billion with cross-border merchants.
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