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Online Payment Processing Software Developers in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Online Payment Processing Software Developers Market Research Report | Technology | E-commerce Technologies | May 2014

Paying up: Strong growth will continue as mobile payment systems become more accepted

IBISWorld’s Online Payment Processing Software Developers market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
eBay eBay market share
Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 09-14
17.6%
Annual Growth 14-19
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Profit
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Employment
21,952
Businesses
1,459
Industry Analysis & Industry Trends

The Online Payment Processing Software Developers industry has grown tremendously over the past five years. As per capita disposable income is set to increase, more consumers will make purchases online, securing revenue for companies in this industry. Despite extremely positive forecasts, external competition and fears of security breaches may hinder potential growth. In addition, some merchants will not accept payments from online payment processors, thereby limiting industry revenue growth.... purchase to read more

Industry Report - Industry Products Chapter

The industry essentially provides one service – facilitating online payments. At the heart of this service are the processing networks that form the principal routes for the electronic movement of money and financial data. Some firms may have direct access to this network while others must access it through intermediaries. Thus, it is useful to segment the industry's one service into several different services that are differentiated from one another by the proximity the payment processing firm has to this underlying financial network.

Merchant accounts

Merchant banks, also referred to as member banks or acquiring banks, have direct access to the Visa and MasterCard networks and account for about 32.1% of industry revenue... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Online Payment Processing Software Developers Industry?

This industry comprises establishments primarily engaged in developing online payments processing software. Online payments processing software enables merchants to authorize, settle and manage credit card and electronic check transactions through the internet.

Industry Products
Merchant accountsThird-party processors
 
Industry Activities
Developing online payment processing platformsDeveloping mobile online payment processing platformsPreventing and investigating fraud on online payment processing platforms


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