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[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 7 sources · 13 days · First seen · Last updated
US consumer spending and payment trends
Overview
Recent reports indicate evolving consumer behaviors and payment preferences in the United States. A PayPal survey regarding holiday spending trends shows that despite increased financial concerns among 58% of U.S. adults, 64% expect to maintain or increase their spending compared to the previous year. This demographic is increasingly utilizing flexible payment options, with 55% having used or considered “buy now, pay later” (BNPL) methods to manage costs.
Further analysis by PYMNTS Intelligence and Visa Acceptance Solutions highlights that payment methods are becoming a decisive factor for retailers, with 65% of American consumers stating their preferred payment options influence where they shop. While transaction reliability remains relatively high, with 78% of buyers reporting no issues in recent transactions, there has been a slight increase in payment errors and disputes, rising from 7% to 10%. Additionally, there are noted gaps between consumer demands—such as price matching and digital coupons—and current merchant offerings.
Entities
Payoneer · Nuvei Corp. · PayPal · PYMNTS Intelligence · Trustly
Timeline
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[BUSINESS] 2 sourcesUS shoppers increasingly prioritize preferred payment methods
Sixty-five percent of US shoppers say preferred payment methods influence where they shop, according to a PYMNTS Intelligence report, marking an increase from 58% in early 2023.
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[BUSINESS] 5 sourcesPayPal survey shows holiday spending trends and Etsy renews Payoneer deal
PayPal's holiday survey shows U.S. consumers remain willing to spend despite financial concerns, increasingly utilizing BNPL services. Meanwhile, Etsy renewed its seller payout deal with Payoneer through 2029.
Sources
digitaltransactions.net · distribuicaohoje.com · globaltoynews.com · marijuanamarketingxperts.com · pymnts.com · sociallyin.com · talkbusiness.net