SURVEY: Americans use credit, debit for low-price buys

SURVEY: Americans use credit, debit for low-price buys
Tags: Bank / Credit Union, Debit / Credit, EFT Networks, Other, Transaction Processing
December 8, 2005

The Green Sheet: Survey findings released Dec. 8 at the at the Micro and Small Payments Conference in New York reveal that consumers' desire to use credit and debit cards for small and micropayments at the POS and online is on the rise. An estimated 45 million Americans are willing to use credit or debit cards for purchases of $5 or less, up 23 percent from September 2004. Additionally, nearly 20 million Americans ages 12 and older have purchased something online for less than $2 in the past year, up nearly 29 percent from September 2004 and 350 percent from October 2003.