Accept payments in Switzerland
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Swiss Payment Market Overview
With strong spending power and widespread internet and smartphone adoption, the Swiss e-commerce market is well positioned to grow. The influx of international e-commerce providers and innovative delivery partners should also support expansion in this relatively small online shopping market.
E-commerce growth in Switzerland over the next three years is set to expand at a compound annual growth rate of 7.5 percent, one of the lower forecasts for the European region, linked to an overall economic slowdown in the country. Economic expansion was driven by strong domestic demand, with gross domestic product growth hitting three percent.
Payment Methods in Switzerland
Key Market Indicators in Switzerland
Banks in Switzerland
Mobile Carriers in Switzerland
Integrate Swiss Payment Methods
Bank transfers (Überweisung) are popular and are used for the majority of online payments, at 53 percent or €5.3 billion of all sales. This popularity for payment from domestic bank accounts means international e-commerce merchants should integrate online bank transfer payment method in their checkout.
Card payments are also well used, accounting for 24 percent of sales, although this share is forecast to decline. Card penetration is also high in the country, so this payment method is convenient for the population.
|E-commerce market size||€10.5 billion|
|Internet penetration rate||83%|
|Mobile penetration rate||74.9%|
|Cellular technology standard||4G|
|Dual sim usage||5.2%|
|Popular mobile OS||iOS|
|Big Mac Index||6.71|
|Average annual income||€53,779|