Not exact matches
That being said,
credit,
debit,
and bank = issued cards are starting to enable NFC capabilities as well, as consumers seem to
prefer this method of contactless payments.
Though I greatly
prefer cash payment, I do accept
credit and debit card payments via Square.
For those who
prefer to shop with
debit versus
credit, this is a great program
and a smart way to earn points without having to open a new card.
In fact, millennials
prefer to use cash, checks
and debit cards over
credit cards when spending, according to TD Bank's Consumer Spending Index, a survey which polled more than 1,500 consumers ages 18 to 70 with a household income of at least $ 50,000.
Once the money is in the account, you can either pay the $ 100 bill directly using your HSA
debit card, or if you
prefer, take the $ 100 back out of your HSA
and pay the bill with your personal
credit card or
debit card, etc. (This way you can still get the points on your
preferred credit card.)
Despite the fees, restrictions,
and inability to build
credit history, many consumers
prefer prepaid
debit cards.
Over 1,200 shoppers were asked how they usually pay for in - store purchases,
and over 76 percent said they
prefer to pay with
debit cards or
credit cards.
Nearly 70 % of millennials
prefer debit to
credit cards, according to a 2015 report from Chime,
and Transunion reports they have fewer bank - issued
and private label cards than older generations.
With cash purchases becoming rare
and the risk of accepting checks rising, the
preferred payment method for goods
and services is through the growing use of
credit and debit cards.
The TSYS survey found that people ages 25 to 44
preferred credit cards, while the 18 - 24 crowd
and the 45 - 54 crowd
preferred debit.1
Most merchants seem to
prefer cash
and debit card payments, the report found, as they are less costly to accept than
credit cards.
A couple of weeks ago I wrote about how US consumers
preferred credit card usage over
debit card usage for the first time in recent history (
and perhaps all of history).
Although US consumers
prefer credit card payments over
debit cards
and transaction growth is accelerating for
credit cards, consumers still use
debits cards for more transactions.
The TSYS survey found that people ages 25 to 44
preferred credit cards, while the 18 - 24 crowd
and the 45 - 54 crowd
preferred debit.1
«While this year's results reflected some changes in payment preference percentages, overall we continued to see that consumers
prefer to use
debit when making everyday purchases,
credit when shopping online or making discretionary purchases
and cash when making small dollar payments,» wrote the payment company.
Consumers with higher incomes were especially likely to
prefer to use
credit rather than
debit cards
and also tend to own more plastic overall.