The volume of e-commerce transactions has been on the rise, alongside the growing importance of platform intermediation (see page 6.6), changes in business models and the enhancement of individuals’ digital skills.
However, about a third (36%) of Internet users in OECD countries did not purchase online in 2018. Among the reported reasons for not doing so are payment security and privacy concerns. These reasons affected in 2017 25% of Internet users in the EU28 who did not make online purchases in the last 12 months. This share peaked at nearly 70% in Portugal and Finland, compared to less than 10% in Korea, the Czech Republic, Estonia and Poland. Another frequently reported barrier to online purchases is post-transaction trust concerns, for example, related to receiving or returning goods, or complaint and redress concerns. In 2017, these concerns affected 16% of Internet users in the EU28 who did not make online purchases in the year prior to being surveyed. The shares of Internet users reporting these concerns decreased between 2009 and 2017 in most countries with available data, but it increased considerably in others such as Portugal, Finland, Turkey, Norway and Iceland.
The e-commerce experience remains rather positive for a large majority of people who buy online in the European Union. In 2017, 70% of online shoppers did not encounter any problems and only 3% reported experiencing fraud. Online buyers in Southern European countries seem to express higher satisfaction and lower fraud incidence in comparison to those in Northern European countries, Luxembourg and the United Kingdom. In these countries, individuals are relatively more likely to shop online, increasing in turn the likelihood of experiencing incidents.
The growing importance of global online platforms for business-to-consumer and consumer-to-consumer transactions has improved access to suppliers from across the world that offer competitive prices and payment facilities. Very often, consumers are invited to use rating and review mechanisms to provide feedback on their online purchase experience. In such transactions, trust emerges as the key currency.
The results of the 2017 OECD Survey of Consumer Trust of Peer Platform Markets (PPMs) show that, in all ten countries included in the study, at least 30% of consumers who went ahead with purchases despite being unsure about the seller/provider did so because they trusted the platform. These shares reached about 50% in Turkey and the United States. On average, 26% reported that the possibility of rating or reviewing the seller or the provider after the completion of the transaction led them to complete their online purchase despite being unsure whether to trust them.
The main findings of this survey indicate that is no single key to trust: Secure payment, data security and the ability to see pictures of goods or services are the top drivers. PPM consumers take a nuanced view of ratings and reviews, which are considered important, but not necessarily crucial. The more consumers use PPMs, the more they trust them.
