![]() ![]() During the pandemic, cash became another way of spreading germs, and as a result, a lot of retailers stopped accepting cash as a form of payment. The COVID-19 pandemic might have accelerated the process of cash being used less within the U.S. ![]() The Most Popular Payment Methods in the U.S. 74% of global consumers said they would keep using contactless payment methods beyond the pandemic.$1,269: the average value of payments made by payment cards in October 2020.$1,476: the average value of payments made electronically in October 2020.It is estimated that by 2024, 80% of transactions will be electronic.The adoption of mobile wallets rose to a historic high of 46% in 2020.57% of payments in 2020 were made with payment cards, such as debit, credit, and prepaid cards.Read on for everything you need to know about payment methods in the U.S. In this article, we will dig into the different types of payment methods, how the pandemic has changed payment methods, the growth of digital wallets, and if the way we pay for items impacts how much we spend. These are all great options, but which payment option is the most popular payment method in the U.S.? Credit cards, debit cards, cash, and digital wallets are a few of the ways consumers can pay for items in 2022. ![]()
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