Cost of living in 2022 changed payment behavior for online shopping in the United States, with five out of 10 respondents now using debit cards more often. This according to a survey held in 10 different countries across North America, Europe, and Latin America, and purely asked on whether cost of living had changed payment behavior in those countries. Credit cards, BNPL, and crypto were all used more often, but neither saw the largest growth: 51 percent of respondents who changed their payment habits because of the rising cost of living in 2022 are paying online with debit cards more often than they did in the previous year.
Share of consumers in the United States who indicated that increasing cost of living changed their preferred online payment methods in 2022
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Paysafe Group. (June 29, 2022). Share of consumers in the United States who indicated that increasing cost of living changed their preferred online payment methods in 2022 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1341879/rising-cost-of-living-impact-on-online-payment-behavior-usa/
Paysafe Group. "Share of consumers in the United States who indicated that increasing cost of living changed their preferred online payment methods in 2022." Chart. June 29, 2022. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1341879/rising-cost-of-living-impact-on-online-payment-behavior-usa/
Paysafe Group. (2022). Share of consumers in the United States who indicated that increasing cost of living changed their preferred online payment methods in 2022. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1341879/rising-cost-of-living-impact-on-online-payment-behavior-usa/
Paysafe Group. "Share of Consumers in The United States Who Indicated That Increasing Cost of Living Changed Their Preferred Online Payment Methods in 2022." Statista, Statista Inc., 29 Jun 2022, https://www.statista.com/statistics/1341879/rising-cost-of-living-impact-on-online-payment-behavior-usa/
Paysafe Group, Share of consumers in the United States who indicated that increasing cost of living changed their preferred online payment methods in 2022 Statista, https://www.statista.com/statistics/1341879/rising-cost-of-living-impact-on-online-payment-behavior-usa/ (last visited September 01, 2024)
Share of consumers in the United States who indicated that increasing cost of living changed their preferred online payment methods in 2022 [Graph], Paysafe Group, June 29, 2022. [Online]. Available: https://www.statista.com/statistics/1341879/rising-cost-of-living-impact-on-online-payment-behavior-usa/