How Do Consumers Feel About Online Payments?

27
Online Payments 1 / 27 Q1 What payment methods have you used to make online purchases within the past year? Answered: 312 Skipped: 0 0% 20% 40% 60% 80% 100% Credit Card Debit Card PayPal Electronic Check I don't shop online 86.22% 49.04% 49.36% 12.50% 1.28%

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Transcript of How Do Consumers Feel About Online Payments?

Page 1: How Do Consumers Feel About Online Payments?

OnlinePayments

1/27

Q1Whatpaymentmethodshaveyouusedtomakeonlinepurchases

withinthepastyear?Answered:312 Skipped:0

0% 20% 40% 60% 80% 100%

CreditCard

DebitCard

PayPal

ElectronicCheck

Idon'tshoponline

86.22%

49.04%

49.36%

12.50%

1.28%

Page 2: How Do Consumers Feel About Online Payments?

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2/27

50% 2

50% 2

50% 2

0% 0

Q2Whatareyourprimaryreasonsfornotshoppingonline?

Answered:4 Skipped:308

0% 20% 40% 60% 80% 100%

Securityconcerns

Donothaveaccessto

online...

Prefershoppingat

physical...

Other(pleasespecify)

Securityconcerns

Donothaveaccesstoonlinepaymentmethods

Prefershoppingatphysicallocations

Other(pleasespecify)

TotalRespondents:TotalRespondents:44

AnswerChoices Responses

Page 3: How Do Consumers Feel About Online Payments?

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54.90% 168

23.86% 73

18.95% 58

0% 0

1.63% 5

0.65% 2

Q3Whatisyourpreferredmethodofpaymentformakingonline

purchases?Answered:306 Skipped:6

0% 20% 40% 60% 80% 100%

CreditCard

DebitCard

PayPal

BillMeLater

ElectronicCheck

Other(pleasespecify)

CreditCard

DebitCard

PayPal

BillMeLater

ElectronicCheck

Other(pleasespecify)

TotalTotal 306306

AnswerChoices Responses

Page 4: How Do Consumers Feel About Online Payments?

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72.55% 222

53.92% 165

37.25% 114

31.05% 95

4.90% 15

Q4Whyisthisyourpreferedmethodofpayment?(Pleaseselectallthat

apply)Answered:306 Skipped:6

0% 20% 40% 60% 80% 100%

Convenience

FraudProtection

Rewards

Familiarity

Other(pleasespecify)

Convenience

FraudProtection

Rewards

Familiarity

Other(pleasespecify)

TotalRespondents:TotalRespondents:306306

AnswerChoices Responses

Page 5: How Do Consumers Feel About Online Payments?

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45.24% 76

13.69% 23

7.14% 12

16.67% 28

17.26% 29

0% 0

Q5IfCreditCardisyourpreferredmethod,doyouhaveabrand

preference?Ifso,whatisyourbrandpreference?

Answered:168 Skipped:144

0% 20% 40% 60% 80% 100%

VISA

MasterCard

Discover

AmericanExpress

Idon'thaveabrand

preference

Other(pleasespecify)

VISA

MasterCard

Discover

AmericanExpress

Idon'thaveabrandpreference

Other(pleasespecify)

TotalTotal 168168

AnswerChoices Responses

Page 6: How Do Consumers Feel About Online Payments?

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70.83% 119

29.17% 49

Q6Doyouuseyourrewardscardwhenpurchasingonline?

Answered:168 Skipped:144

0% 20% 40% 60% 80% 100%

Yes

No

Yes

No

TotalTotal 168168

AnswerChoices Responses

Page 7: How Do Consumers Feel About Online Payments?

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7/27

26.89% 32

3.36% 4

32.77% 39

2.52% 3

32.77% 39

1.68% 2

Q7Whatisyourpreferredcardsrewardprogram?Answered:119 Skipped:193

0% 20% 40% 60% 80% 100%

Miles

Hotel

Points

Gas

Cash

Other(pleasespecify)

Miles

Hotel

Points

Gas

Cash

Other(pleasespecify)

TotalTotal 119119

AnswerChoices Responses

Page 8: How Do Consumers Feel About Online Payments?

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33.13% 54

44.79% 73

22.09% 36

Q8Doyoueverconsiderthecostthemerchantpaystoprocessyour

payment?Answered:163 Skipped:149

0% 20% 40% 60% 80% 100%

Yes

No

Sometimes

Yes

No

Sometimes

TotalTotal 163163

AnswerChoices Responses

Page 9: How Do Consumers Feel About Online Payments?

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57.06% 93

36.81% 60

6.13% 10

Q9Areyouawarethateachonlinepaymentmethodhasacost

associatedwithitthatispaidbytheentityacceptingpayment?

Answered:163 Skipped:149

0% 20% 40% 60% 80% 100%

Yes,Ihaveagoodideaof

thecosts...

Yes,butIdonothavea

goodidea...

NoIwasnotaware

Yes,Ihaveagoodideaofthecostsassociatedwitheachpayment

Yes,butIdonothaveagoodideaofthecostsassociatedwitheachpayment

NoIwasnotaware

TotalTotal 163163

AnswerChoices Responses

Page 10: How Do Consumers Feel About Online Payments?

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100% 161

100% 161

100% 161

Q10Pleaselistthetopthreeplacestowhichyoumakeonlinepayments/purchasesat:

Answered:161 Skipped:151

1.

2.

3.

TotalRespondents:TotalRespondents:161161

AnswerChoices Responses

Page 11: How Do Consumers Feel About Online Payments?

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11/27

62.73% 101

35.40% 57

1.86% 3

Q11Haveyoueverpurchasedanauto-recurringsubscription?

(Netflix,Audible,NYTimes,etc.)Answered:161 Skipped:151

0% 20% 40% 60% 80% 100%

Yes

No

Notsure

Yes

No

Notsure

TotalTotal 161161

AnswerChoices Responses

Page 12: How Do Consumers Feel About Online Payments?

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60.25% 97

6.21% 10

0.62% 1

2.48% 4

30.43% 49

Q12Whenpurchasingauto-recurringsubscriptionswhat

paymentmethoddoyouprefertouse?

Answered:161 Skipped:151

0% 20% 40% 60% 80% 100%

CreditCard

DebitCard

PayPal

ElectronicCheck

NoPreference

60.25%

6.21%

0.62%

2.48%

30.43%

CreditCard

DebitCard

PayPal

ElectronicCheck

NoPreference

TotalTotal 161161

Other(pleasespecify)Other(pleasespecify)((1313))

AnswerChoices Responses

Page 13: How Do Consumers Feel About Online Payments?

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Q13Whatonlinesubscriptionsdoyoucurrentlyuse(orcurrently

subscribedto)?Answered:161 Skipped:151

Page 14: How Do Consumers Feel About Online Payments?

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30.26% 92

69.74% 212

Q14Doesthepriceofagoodhaveaninfluenceonthetypeofpaymentmethodyouusetopurchaseonline?

Answered:304 Skipped:8

0% 20% 40% 60% 80% 100%

Yes

No

Yes

No

TotalTotal 304304

AnswerChoices Responses

Page 15: How Do Consumers Feel About Online Payments?

OnlinePayments

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11.51% 35

9.54% 29

12.83% 39

3.29% 10

0.33% 1

3.29% 10

48.36% 147

10.86% 33

Q15Atwhatpricepointwouldyouuseacreditcardinplaceofanother

paymentmethod?Answered:304 Skipped:8

0% 20% 40% 60% 80% 100%

Morethan$50

Morethan$100

Morethan$200

Lessthan$50

Lessthan$100

Lessthan$200

Ionlyusecreditcards

when...

Idon’tusemycredit

cardwhen...

Morethan$50

Morethan$100

Morethan$200

Lessthan$50

Lessthan$100

Lessthan$200

Ionlyusecreditcardswhenpurchasingonlineforanypurchaseamount

Idon’tusemycreditcardwhenmakingonlinepurchases

TotalTotal 304304

AnswerChoices Responses

Page 16: How Do Consumers Feel About Online Payments?

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26.95% 83

69.48% 214

3.57% 11

Q16Doyoumakepurchasesonyourmobilephone?Answered:308 Skipped:4

0% 20% 40% 60% 80% 100%

Yes

No

Idon'thaveamobile

phone

Yes

No

Idon'thaveamobilephone

TotalTotal 308308

AnswerChoices Responses

Page 17: How Do Consumers Feel About Online Payments?

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75.90% 63

24.10% 20

Q17Ifso,doyouuseapaymentmethodotherthanyourcreditordebitcardtomakeapurchase?

Answered:83 Skipped:229

0% 20% 40% 60% 80% 100%

No

Yes,Iuse:

No

Yes,Iuse:

TotalTotal 8383

AnswerChoices Responses

Page 18: How Do Consumers Feel About Online Payments?

OnlinePayments

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65.06% 54

44.58% 37

74.70% 62

4.82% 4

Q18Whattypeofpurchasesdoyoumakeonyourmobilephone?

Answered:83 Skipped:229

0% 20% 40% 60% 80% 100%

In-apppurchases

Digitalgoods

OnlineShopping

Other(pleasespecify)

In-apppurchases

Digitalgoods

OnlineShopping

Other(pleasespecify)

TotalRespondents:TotalRespondents:8383

AnswerChoices Responses

Page 19: How Do Consumers Feel About Online Payments?

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29.55% 91

70.45% 217

Q19Doyoumakeonlinepurchasesorpurchasesfrominternetbasedmerchantsonbehalfofyour

business/employer?Answered:308 Skipped:4

0% 20% 40% 60% 80% 100%

Yes

No

Yes

No

TotalTotal 308308

AnswerChoices Responses

Page 20: How Do Consumers Feel About Online Payments?

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77.78% 70

13.33% 12

15.56% 14

2.22% 2

14.44% 13

2.22% 2

Q20Ifyes,whatpaymentmethodsdoyoumostoftenusetomake

thosepurchases?Answered:90 Skipped:222

0% 20% 40% 60% 80% 100%

CreditCard

DebitCard

PayPal

ElectronicCheck

Invoice

Other(pleasespecify)

77.78%

13.33%

15.56%

2.22%

14.44%

2.22%

CreditCard

DebitCard

PayPal

ElectronicCheck

Invoice

Other(pleasespecify)

TotalRespondents:TotalRespondents:9090

AnswerChoices Responses

Page 21: How Do Consumers Feel About Online Payments?

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Q21Forwhatreasonsdoyouusetheabovepaymentmethodsoverotherpaymentmethodstomake

onlinepurchasesforyourbusiness/employer?Answered:90 Skipped:222

Page 22: How Do Consumers Feel About Online Payments?

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51.25% 41

25% 20

3.75% 3

18.75% 15

1.25% 1

Q22Ifcreditordebitcard,whatcardbranddoyouusemostoftentomakepurchaseonbehalfofyour

business/employer?Answered:80 Skipped:232

0% 20% 40% 60% 80% 100%

VISA

MasterCard

Discover

AmericanExpress

Other(pleasespecify)

VISA

MasterCard

Discover

AmericanExpress

Other(pleasespecify)

TotalTotal 8080

AnswerChoices Responses

Page 23: How Do Consumers Feel About Online Payments?

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49.84% 153

50.16% 154

Q23GenderAnswered:307 Skipped:5

0% 20% 40% 60% 80% 100%

Male

Female

Male

Female

TotalTotal 307307

AnswerChoices Responses

Page 24: How Do Consumers Feel About Online Payments?

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0% 0

15.31% 47

21.17% 65

32.57% 100

30.94% 95

Q24AgeAnswered:307 Skipped:5

0% 20% 40% 60% 80% 100%

<18

18-29

30-44

45-60

>60

<18

18-29

30-44

45-60

>60

TotalTotal 307307

AnswerChoices Responses

Page 25: How Do Consumers Feel About Online Payments?

OnlinePayments

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13.70% 40

15.41% 45

32.19% 94

18.15% 53

20.55% 60

Q25HouseholdIncomeAnswered:292 Skipped:20

0% 20% 40% 60% 80% 100%

$0-$24,999

$25,000-$49,999

$50,000-$99,999

$100,000-$149,999

$150,000+

$0-$24,999

$25,000-$49,999

$50,000-$99,999

$100,000-$149,999

$150,000+

TotalTotal 292292

AnswerChoices Responses

Page 26: How Do Consumers Feel About Online Payments?

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2.61% 8

9.12% 28

28.01% 86

33.88% 104

26.38% 81

Q26EducationAnswered:307 Skipped:5

0% 20% 40% 60% 80% 100%

Lessthanhighschool

degree

Highschooldegree

Somecollege

Associateorbachelor

degree

Graduatedegree

Lessthanhighschooldegree

Highschooldegree

Somecollege

Associateorbachelordegree

Graduatedegree

TotalTotal 307307

AnswerChoices Responses

Page 27: How Do Consumers Feel About Online Payments?

OnlinePayments

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7.19% 22

12.42% 38

15.03% 46

6.86% 21

13.73% 42

3.92% 12

10.13% 31

8.50% 26

22.22% 68

Q27Location(CensusRegion)Answered:306 Skipped:6

0% 20% 40% 60% 80% 100%

NewEngland

MiddleAtlantic

EastNorthCentral

WestNorthCentral

SouthAtlantic

EastSouthCentral

WestSouthCentral

Mountain

Pacific

NewEngland

MiddleAtlantic

EastNorthCentral

WestNorthCentral

SouthAtlantic

EastSouthCentral

WestSouthCentral

Mountain

Pacific

TotalTotal 306306

AnswerChoices Responses