The buy now, pay later sector may be booming but PayPal and credit cards are still the most popular ways for consumers – especially older, wealthier Australians – to pay for online purchases.

PayPal, which has been around for more than 20 years, remains by far the most frequently used online shopping payment method, accounting for 41 per cent of transactions in 2021 compared with 40 per cent last year, according to a BigCommerce report.