Consumers Choose Marketplaces Over Retail Websites: Survey

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By Reuters | Updated: 5 August 2015 16:01 IST
Digital shoppers are increasingly starting their product searches on retail marketplace platforms, which allow third-party merchants to sell goods, before looking on an individual retailer's website, according to a report released on Tuesday by Amazon Inc and Pymnts.com.

According to the survey, 64 percent of respondents said they start by searching for a product on a marketplace, followed by their favourite websites, search engines and social media. The survey polled more than 2,000 online shoppers in July.

A majority of those polled cited trust in a retailer as the most important factor in determining where they ultimately make a purchase. The other factors included promotions, rewards, good buying experience on a website in the past, delivery and shipping.

"The number one determining factor on whether a consumer chose to make a purchase online was trust, not selection or price," Patrick Gauthier, vice president of Amazon Payments, said on the sidelines of the R2 Retail Reinvention Summit in Chicago.

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The survey also showed that consumers were twice as likely to both accept and adopt a new retail payment product from Amazon than from Apple Inc.

Third-party marketplace business accounts for about 40 percent of total Amazon site sales.

© Thomson Reuters 2015

 

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