Itqualityassurance
- Is it safe to save payment info to websites?
- Why do we tend to spend more with credit than with cash?
- How much more do you spend on purchases when you use credit card instead of cash?
- How can credit cards be safer than cash?
Is it safe to save payment info to websites?
Before you store your credit card information online, there are a few downsides to consider: Potential for fraud: While some websites and services claim to store your credit card information safely, the company that stores your data still may be vulnerable to a data breach.
Why do we tend to spend more with credit than with cash?
"The impulse buyer can't resist the urge to buy the product and does so, without considering whether it's too expensive and/or frivolous." “With credit cards, because you don't pay for something the moment you buy it, it's less psychologically painful to spend your future money than your present money.”
How much more do you spend on purchases when you use credit card instead of cash?
People will spend more when using a credit or debit card vs cash. The average cash purchase is $22 while the average credit / debit card purchase is $112. Consumers will spend up to 83% more when using a card vs cash.
How can credit cards be safer than cash?
Credit Cards Can Be a Safe Bet
Cash lost is gone forever. Credit cards have strong fraud protection. Credit card fraud has no immediate impact on your cash flow. Credit cards offer a full online transaction history.
