ADVERTISEMENT

Infographic: Preferred payment methods vary by location

Cash, debit, credit or PayPal? Depends on where, what you're buying

By  and 

Shopping for groceries? You're more likely to pay with debit. If you're buying fast food, you're more likely to fork over cash. Credit cards, meanwhile, are the payment method of choice for online shoppers, according to the third annual Consumer Payment Choice Study from payment services company TSYS.

Overall, according to the survey, consumers prefer to pay with debit -- 50 percent of them call it their preferred payment method, with credit cards coming in second at 35 percent. Yet circumstances caused some fluctuations in preferences. While consumers tend to stick with debit for everyday purchases (such as gas and groceries), they're more likely whip out the credit card for special occasions such as dining out and trips to a department store. When it comes to online shopping, PayPal (barely a blip on the radar for most types of purchases) rivals debit in popularity. The chart below shows the percentage of consumers who use a particular payment method most often in the specified location.

The survey, released in October 2013, polled 1,000 adults who have both debit and credit cards.

Preferred payment method

See related: How paying with plastic can make you fat, More infographics

To use the graphic on your site, use the following code:

 <center><a href="http://www.creditcards.com/credit-card-news/infographic-preferred-payment-method-location-1701.php"><img alt="CreditCards.com infographic: Preferred payment by location" border="0" src="http://www.creditcards.com/credit-card-news/images/infographic-pref-payment-method.jpg" /></a> </center>

Published: October 31, 2013


Join the discussion
We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.




Follow Us


Updated: 12-05-2016


Weekly newsletter
Get the latest news, advice, articles and tips delivered to your inbox. It's FREE.


ADVERTISEMENT