Study: Americans trust cash, but still choose to pay with plastic

One dollar bills dropped into a tip jar at a car wash in Brooklyn, N.Y. on Oct. 24, 2016. (AP Photo/Mark Lennihan)

INDIANAPOLIS (WTHR) – How do you plan to pay for the stuff you’re about to buy for the holidays?

A study by looked at how Americans are paying and what businesses should prepare to accept for payment.

The study found consumers opt for convenience over safety.



  • It turns out that convenience is king. Most people pay with cards, followed by cash. Very few people pay with either checks or RFID mobile payments.
  • Only 42.8 percent of Americans surveyed feel using a card is the safest payment method, yet 71 percent use plastic.
  • Americans have more confidence in chip readers: 29.8 percent said a card with an RFID chip is the safest way to pay.
  • Cash still feels like the safest way to pay. Almost half of the study’s respondents said cash is the safest, but only 23.8 percent said they use it the most.

These are all some things to consider before you open your wallet for holiday shopping and decide what to pull out to pay.

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