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.
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To use the graphic on your site, use the following
alt="CreditCards.com infographic: Preferred payment by location"