To me, a Debit Card IS Cash!
The US Census Bureau in 2006 said there were more Credit Cardholders than Debit Cardholders in the USA.
In 2010, The US Census Bureau projected that there were 185 Million Debit cardholders in the USA and 181 Milliion Credit cardholders. More debit cardholders than credit cardholders in just 4 years.
If I were a merchant of anything, I think I would at least accept Debit Cards.
"Spending on Visa debit cards in the U.S. surpassed credit for the first time in the company's history during the last three months of 2008. Today, debit purchases comprise about 70 percent of Visa’s U.S. transactions. (REPEAT!)
Today, debit purchases comprise about 70 percent of Visa’s U.S. transactions.
“Visa merchant programs like No Signature Required, which waives the signature requirement for qualifying Visa transactions less than $25, have also helped to increase debit’s popularity,” says Ted Carr, a Visa spokesman. According to Visa, customers are particularly fond of using debit cards in restaurants.
“We’re finding that consumers prefer to pay for smaller purchases with their debit cards,” Carr says. “Consumers are increasingly turning to debit cards for nondiscretionary purchases like food.”
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