Payments and Digital Commerce Platforms 2023

How Platforms Are Harnessing Payments to Spur Growth

Report by Jaime Toplin, and David Morris  | Aug 17, 2023
Download
Report
Share
Table of Contents
Digital commerce platforms are fast becoming payment providers.
3 leading digital commerce platforms process merchant payments in-house.
2 other major platforms provide payments through partnerships.
What do payments solutions providers need to focus on in 2023?
Sources
Media Gallery
About This Report
Digital commerce platforms are leaning heavily into payment processing to grow revenues and enhance customer engagement. But it’s still early innings: They are ripe for payment provider partnerships that can evolve as the platforms grow.
Topics
Financial Services
Payments
Small Business (SMB)
United States
Table of Contents
Digital commerce platforms are fast becoming payment providers.
3 leading digital commerce platforms process merchant payments in-house.
2 other major platforms provide payments through partnerships.
What do payments solutions providers need to focus on in 2023?
Sources
Media Gallery

Digital commerce platforms are expanding beyond helping businesses build, manage, and scale their online stores to providing payments solutions. This is a boon to platforms and their payment provider partners, which both benefit from enhancing platforms’ merchant relationships and building new revenue streams.

Key Question: How is digital commerce platforms’ embrace of payment processing contributing to their overall growth?

US Digital Commerce Platform Gross Payment Value, 2019-2025 (billions and % change)
E-Mail ChartDownload

KEY STAT: US digital commerce platforms’ gross payment value will increase 9.0% in 2023—capturing an increasingly higher share of their retail ecommerce sales, even as sales growth falls below pre-pandemic levels.

Here’s what’s in the full report

1file

Exportable files for easy reading, analysis and sharing.

6charts

Reliable data in simple displays for presentations and quick decision making.

Table of Contents

  1. Digital commerce platforms are fast becoming payment providers.
  2. 3 leading digital commerce platforms process merchant payments in-house.
  1. 2 other major platforms provide payments through partnerships.
  2. What do payments solutions providers need to focus on in 2023?
  1. Sources
  2. Media Gallery

Charts in This Report

US Digital Commerce Platform Gross Payment Value, 2019-2025 (billions and % change)US Shopify Payments Gross Payment Value, 2019-2025 (billions and % change)
US Wix Payments Gross Payment Value, 2019-2025 (billions and % change)US GoDaddy Retail Ecommerce Sales, 2020-2025 (billions and % change)
US BigCommerce Retail Ecommerce Sales, 2019-2025 (billions and % change)US Squarespace Retail Ecommerce Sales, 2019-2025 (billions and % change)

Access All Charts and Data

Gain access to reliable data presented in clear and intelligible displays for quick understanding and decision making on the most important topics related to your industry, included at no extra cost.
Gain Access to EMARKETER →
Log in to EMARKETER

authors

Jaime Toplin, and David Morris

Contributors

Eleni Digalaki
Principal Analyst
Chris Keating
Director, Research
Wendy Louie-Lam
Senior Forecasting Analyst